M&A Deal Summary

The Anderson Group Acquires Double B Foods

On October 17, 2024, private equity firm The Anderson Group acquired food company Double B Foods from Atlantic Street Capital

Acquisition Highlights
  • This is The Anderson Group’s 4th transaction in the Food sector.
  • This is The Anderson Group’s 25th transaction in the United States.
  • This is The Anderson Group’s 4th transaction in Texas.

M&A Deal Summary

Date 2024-10-17
Target Double B Foods
Sector Food
Buyer(s) The Anderson Group
Sellers(s) Atlantic Street Capital
Deal Type Secondary Buyout
Advisor(s) City Capital Advisors (Financial)

Target

Double B Foods

Arlington, Texas, United States
Double B Foods is a producer of meat snacks and frozen prepared food products for the private label and co-pack retail and food service industries. Double B Foods was founded in 1971 and is based in Arlington, Texas.

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Buyer(S) 1

DESCRIPTION

The Anderson Group is a private equity firm focused on acquiring US-based companies at the lower end of the middle-market. While Anderson will consider divestitures, generational sales, cash flow transactions, and leveraged recapitalizations, the Firm prefers investing in distressed businesses needing operational improvement. Target companies should have at least $10 million in revenue and $1 million in EBITDA (no minimum EBITDA in restructuring situations). Anderson is a generalist investor, however, the Firm avoids technology, natural resources or retail businesses. The Anderson Group was formed in 1985 and is based in St. Petersburg, Florida.


DEAL STATS #
Overall 25 of 25
Sector (Food) 4 of 4
Type (Secondary Buyout) 1 of 1
State (Texas) 4 of 4
Country (United States) 25 of 25
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-12 MetalMart

Commerce, California, United States

MetalMart specializes in the distribution of exotic specialty metals. The company is an AS9100 supplier of hard alloy aluminum extrusions and a distributor of wrought magnesium in North America. It supplies specialty metals including titanium, PH Steels, Hi Temperature alloys, and other aerospace quality requirements. MetalMart was formed in 1974 and is based in Commerce, California.

Buy -

Seller(S) 1

SELLER

Atlantic Street Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Atlantic Street Capital is an operationally focused private equity firm that partners with entrepreneurs and management teams to create value. Atlantic Street looks to acquire profitable companies where it can invest $15 to $75 million per deal. Target industries include consumer products, services, manufacturing, distribution, retail, restaurant and healthcare. Atlantic Street prefers opportunities located in the US and Canada and will only consider control situations. Atlantic Street Capital was formed in 2006 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 9 of 10
Sector (Food) 1 of 1
Type (Secondary Buyout) 6 of 7
State (Texas) 1 of 1
Country (United States) 9 of 10
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-18 All Star

Orlando, Florida, United States

All Star is a distributor of replacement alternative lighting products to independent auto body shops and multi-site operators of collision repair centers. All Star has a nationwide distribution network through its seven facilities and sells like-kind-and-quality recycled and refurbished OEM parts and certified aftermarket products, including headlamps, tail lamps, park lamps and fog lamps for foreign and domestic vehicles. All Star was founded in 2004 and is based in Orlando, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-10 Prescott’s

Monument, Colorado, United States

Prescott’s is a provider and refurbisher of surgical microscopes in the United States. Prescott’s services and sells refurbished and new microscopes to hospitals and surgical centers, primarily in the neuro, ophthalmic and ENT surgical specialties. Prescott’s was founded in 1984 and is based in Monument, Colorado.

Sell -