M&A Deal Summary

The Anderson Group Acquires Latina Boulevard Foods

On December 1, 2010, private equity firm The Anderson Group acquired food company Latina Boulevard Foods

Acquisition Highlights
  • This is The Anderson Group’s 2nd transaction in the Food sector.
  • This is The Anderson Group’s 12th transaction in the United States.
  • This is The Anderson Group’s 1st transaction in New York.

M&A Deal Summary
Date 2010-12-01
Target Latina Boulevard Foods
Sector Food
Buyer(s) The Anderson Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Latina Boulevard Foods

Cheektowaga, New York, United States
Latina Boulevard Foods is a specialty food distributor operating from two complementary divisions that deliver fresh produce, chicken wings, specialty meats, premium cheese products, tomato products, flour, and related pizza ingredients to retail, independent pizzeria and casual dining markets in Western New York. Latina Boulevard Foods was founded in 1954 and is based in Cheektowaga, New York.

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Buyer(S) 1

Buyer

The Anderson Group

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
Size Small
Type Sector Agnostic
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 12 of 25
Sector (Food) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 8 of 15
State (New York) 1 of 2
Country (United States) 12 of 25
Year (2010) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 Perfect Fit Industries

Charlotte, North Carolina, United States

Perfect Fit Industries, Inc. is a niche designer, manufacturer and marketer of short run textile products.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-26 Oberfields

Columbus, Ohio, United States

Oberfields is a regional manufacturer and distributor of a broad range of concrete masonry and hardscape products, including standard gray and architectural block, segmental retaining walls, pavers, precast products and hardscape and masonry accessories. The company was founded in 1961 and is based in Columbus, Ohio.

Buy -
Mergr

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