M&A Deal Summary

The Ames Companies Acquires Hunter Fan

On December 20, 2021, The Ames Companies acquired consumer products company Hunter Fan from MidOcean Partners for 845M USD

Acquisition Highlights
  • This is The Ames Companies’ 6th transaction in the Consumer Products sector.
  • This is The Ames Companies’ largest (disclosed) transaction.
  • This is The Ames Companies’ 3rd transaction in the United States.
  • This is The Ames Companies’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2021-12-20
Target Hunter Fan
Sector Consumer Products
Buyer(s) The Ames Companies
Sellers(s) MidOcean Partners
Deal Type Add-on Acquisition
Deal Value 845M USD
Advisor(s) Raymond James - Investment Banking
Piper Sandler & Co. (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

Hunter Fan

Memphis, Tennessee, United States
Hunter Fan is a manufacturer and distributor in the branded ceiling fan category. Ceiling fans, including the Hunter and Casablanca brands, are the main products of the company, while home comfort products, which consist of air purifiers, humidifiers, thermostats and lighting, comprise the remainder.

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Buyer(S) 1

Buyer

The Ames Companies

Camp Hill, Pennsylvania, United States

Category Company
Founded 1774
Sector Building Materials
Employees1,452
DESCRIPTION

The Ames Companies, Inc. is a manufacturer, marketer and distributor of non-motorized lawn and garden tools, wheelbarrows and hose reels. Ames products are marketed under the Ames, True Temper, Jackson and Garant brand names.


DEAL STATS #
Overall 8 of 9
Sector (Consumer Products) 6 of 6
Type (Add-on Acquisition) 7 of 7
State (Tennessee) 1 of 1
Country (United States) 3 of 3
Year (2021) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Quatro Design Pty

Murwillumbah, Australia

Quatro Design Pty Ltd. is a manufacturer and supplier of glass fiber reinforced concrete landscaping products for residential, commercial, and public sector projects. Quatro Design is based in Murwillumbah, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 Toro - Residential Pope Products Business

Beverley, Australia

Toro's Residential Pope Products Business helps residential customers create and maintain beautiful gardens. Toro's Residential Pope Products Business is based in Beverley, Australia.

Buy -

Seller(S) 1

SELLER

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 33 of 36
Sector (Consumer Products) 8 of 11
Type (Add-on Acquisition) 17 of 18
State (Tennessee) 1 of 1
Country (United States) 28 of 31
Year (2021) 3 of 3
Size (of disclosed) 7 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 GHR Healthcare

Blue Bell, Pennsylvania, United States

GHR Healthcare is the parent company to a family of operating brands focused on the healthcare facility and community-based staffing: General Healthcare Resources, GHR Travel Nursing, GHR RevCycle Workforce, GHR Education, GHR Human Services, GHR Technology and GHR Search. Through these brands, GHR Healthcare provides a variety of workforce solutions, including local long-term contract, travel, per diem, MSP and direct hire services to clients nationwide. GHR Healthcare was established in 1993 and is based in Blue Bell, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Casper’s Ice Cream

Richmond, Utah, United States

Casper’s Ice Cream is a manufacturer and supplier of branded and co-packed frozen novelty products sold through leading grocery and mass customers throughout the United States. Casper’s Ice Cream was founded in 1925 and is based in Richmond, Utah.

Buy -