M&A Deal Summary

The Gerson Companies Acquires Teters Floral Products

On September 18, 2018, The Gerson Companies acquired consumer products company Teters Floral Products from Tower Three Partners

Acquisition Highlights
  • This is The Gerson Companies’ 1st transaction in the Consumer Products sector.
  • This is The Gerson Companies’ 1st transaction in the United States.
  • This is The Gerson Companies’ 1st transaction in Missouri.

M&A Deal Summary
Date 2018-09-18
Target Teters Floral Products
Sector Consumer Products
Buyer(s) The Gerson Companies
Sellers(s) Tower Three Partners
Deal Type Add-on Acquisition

Target

Teters Floral Products

Bolivar, Missouri, United States
Teters Floral Products, Inc. is a designer, importer, and distributor of artificial botanical products. Teters’ products include stem flowers, domestically assembled wreaths, and sprays, bushes, vines, garlands, swags, foliage, and other accessories. Teters Floral Products was established in 1957 and is based in Bolivar, Missouri.

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Buyer(S) 1

Buyer

The Gerson Companies

Olathe, Kansas, United States
Category Company
Founded 1942
Sector Distribution
DESCRIPTION

The Gerson Companies is a provider in the importation and distribution of on-trend seasonal and everyday home décor products to retailer customers. The Gerson Companies was established in 1942 and is based in Olathe, Kansas.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Tower Three Partners

Greenwich, Connecticut, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tower Three Partners is an operationally-oriented private equity firm that invests in US-based middle-market companies. Tower Three seeks growth-oriented opportunities and looks to commit $50 to $150 million per transaction. Tower Three Partners was founded in 2007 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 3 of 6
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Missouri) 1 of 1
Country (United States) 3 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 SteriCare Solutions

Haltom City, Texas, United States

SteriCare Solutions is a manufacturer of medical devices and products that help improve the quality of care and life for patients. Nurse Assist is a provider in the production of United States Pharmacopeia (USP) sterile water and normal saline, and its products extend to four principal categories of medical devices: USP water and saline and infusion care products, convenience kits, interconnecting cables, and patient safety. SteriCare Solutions was established in 1999 and is based in Haltom City, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-09 Vexus

Lubbock, Texas, United States

Vexus is a provider of high-speed broadband services, including internet access, digital TV and other services to residential and business customers in northern Texas and southeastern Louisiana. Vexus was founded in 1981 and is based in Lubbock, Texas.

Sell -
Mergr

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