Investment Summary

TGF Management Exits Sterling Foods

On April 4, 2016, private equity firm Cotton Creek Capital invested in food company Sterling Foods from TGF Management

Investment Highlights
  • This is Cotton Creek Capital’s 1st transaction in the Food sector.
  • This is Cotton Creek Capital’s 8th transaction in the United States.
  • This is Cotton Creek Capital’s 5th transaction in Texas.

Investment Summary

Date 2016-04-04
Target Sterling Foods
Sector Food
Investor(s) Cotton Creek Capital
Sellers(s) TGF Management
Deal Type Secondary Buyout

Target

Sterling Foods

San Antonio, Texas, United States
Sterling Foods is a supplier of baked goods, as well as a provider of gourmet bakery items to the food service and retail industries. Sterling Foods was founded in 1971 and is based in San Antonio, Texas.

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Investor(S) 1

DESCRIPTION

Cotton Creek Capital is a private equity firm focused on lower middle-market company investments. The Firm has a special interest in businesses facing an inflection point and could benefit from capital and expertise. Cotton Creek will consider opportunities throughout the US, although the Firm has a preference for businesses in the Southwest. Sectors of interest include manufacturing, infrastructure, chemicals, waste services, food/beverages, transportation, business services, consumer products, value-added distribution, healthcare, building products, and industrial services. Cotton Creek Capital is based in Austin, Texas.


DEAL STATS #
Overall 8 of 16
Sector: Food M&A 1 of 2
Type: Secondary Buyout M&A Deals 3 of 4
State: Texas M&A 5 of 9
Country: United States M&A 8 of 16
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-24 GracoRoberts

Arlington, Texas, United States

GracoRoberts is a value-added distributor of paints and other coatings, adhesives, sealants, lubricants, composite materials, tapes and safety products used in the manufacture and maintenance, repair and overhaul of commercial, business and military aircraft. GracoRoberts also provides value-added services including custom repackaging, temperature-sensitive material handling, tinting, and supply chain management services to its customers. GracoRoberts was founded in 1938 and is based in Arlington, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 Chain Electric

Hattiesburg, Mississippi, United States

Chain Electric is a leading regional provider of power line installation and maintenance services, providing complete transmission, distribution, substation, and storm recovery across the Gulf Coast, Midwest, and Mid Atlantic states. Additionally, the company has the specialized capability to work in challenging terrains, including mud, swamp, and marsh work, and possesses one of the largest fleets of amphibious equipment in the industry. Chain Electric was founded in 1955 and is based in Hattiesburg, Mississippi.

Sell -

Seller(S) 1

SELLER

TGF Management

Austin, Texas, United States

Category Private Equity Firm
Founded 1992
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

TGF Management is a private equity firm focused on management buyouts and recapitalizations of profitable, middle-market companies generating sales of $50 to $250 million and EBITDA of $5 of $25 million. Areas of interest include manufacturing, distribution, construction, industrial service, outsourced business services, food, and consumer products. TGF's target investment size is $25 to $100 million and the Firm's geographic focus is on opportunities in the Southwest US. TGF will not invest in oil/gas exploration and production companies, real estate, and businesses with 'significant technology risk'. TGF Management was formed in 1992 and is based in Austin, Texas.


DEAL STATS #
Overall 18 of 18
Sector: Food M&A 2 of 2
Type: Secondary Buyout M&A Deals 3 of 3
State: Texas M&A 12 of 12
Country: United States M&A 18 of 18
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-02 ENTACT

Westmont, Illinois, United States

ENTACT is a provider of environmental field remediation services to customers throughout the United States and in select international locations. ENTACT was founded in 1991 and is based in Westmons, Illinois.

Sell -