M&A Deal Summary

The Mennel Milling Company Acquires Renwood Mills

On September 7, 2016, The Mennel Milling Company acquired food company Renwood Mills from Renovo Capital and Rosewood Private Investments

Acquisition Highlights
  • This is The Mennel Milling Company’s 1st transaction in the Food sector.
  • This is The Mennel Milling Company’s 1st transaction in the United States.
  • This is The Mennel Milling Company’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2016-09-07
Target Renwood Mills
Sector Food
Buyer(s) The Mennel Milling Company
Sellers(s) Renovo Capital
Rosewood Private Investments
Deal Type Secondary Buyout

Target

Renwood Mills

Newton, North Carolina, United States
Renwood Mills sells flour and other baking products in the Southeastern United States for use in food service, food production, and in retail channels under the Southern Biscuit and Tenda-Bake brands. Renwood Mills was founded in 1935 and is based in Newton, North Carolina.

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Buyer(S) 1

Buyer

The Mennel Milling Company

Fostoria, Ohio, United States
Category Company
Founded 1886
Sector Food
Employees500
DESCRIPTION

The Mennel Milling Company is a flour milling company. Mennel consists of 5 state-of-the-art ?our mills; 10 country grain elevators; 2 trucking companies; 2 bakery mix facilities; a popcorn plant; among other businesses. Mennel was formed in 1886 and is headquartered in Fostoria, Ohio.

DEAL STATS #
Overall 1 of 2
Sector (Food) 1 of 2
Type (Secondary Buyout) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-18 Keynes Brothers

Logan, Ohio, United States

Keynes Brothers Inc. is a processor of wheat flour. Keynes Brothers has operations in southern Ohio with a mill in Logan, Ohio; and three country elevators in Atlanta, Ohio, Jeffersonville, Ohio and Radnor, Ohio.

Buy -

Seller(S) 2

SELLER

Renovo Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Renovo Capital is a private equity firm focused on partnering with business owners, entrepreneurs and management teams to invest in businesses undergoing varying degrees of operational, financial or market-driven change. Renovo Capital will consider opportunities throughout North America and looks to commit $10 to $50 million per transaction. Sectors of interest include niche manufacturing, business services, energy services, technology, and e-commerce. Renovo Capital was formed in 2009 and is based in Dallas, Texas.

DEAL STATS #
Overall 3 of 7
Sector (Food) 1 of 1
Type (Secondary Buyout) 1 of 2
State (North Carolina) 1 of 2
Country (United States) 3 of 7
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-12 Leidy’s Premium Meats

Souderton, Pennsylvania, United States

Leidy’s Premium Meats is a producer of fresh and processed pork and turkey products. Leidy’s Premium Meats was founded in 1893 and is based in Souderton, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-15 Andronico s Community Markets

San Francisco, California, United States

Andronico's Community Markets LLC operates 5 grocery stores providing specialty foods in the San Francisco Bay Area. Andronico's offers a wide variety of organic foods and specialty items that cannot be found at conventional supermarkets.

Sell -
SELLER

Rosewood Private Investments

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rosewood Private Investments is a family-owned private investment firm focused on acquiring and building companies. The Firm will consider opportunities throughout the US and generally seeks to commit $50 to $100 million per transaction. Target companies typically possess experienced management and diverse customers. Rosewood does not have any sector preferences, however, the Firm will not invest in oil/gas, real estate, banking, insurance, and biotechnology. Rosewood Private Investments is based in Dallas, Texas.

DEAL STATS #
Overall 5 of 14
Sector (Food) 1 of 2
Type (Secondary Buyout) 3 of 8
State (North Carolina) 1 of 1
Country (United States) 5 of 14
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 ProSupps USA

Plano, Texas, United States

ProSupps USA is a developer and marketer of supplements to enhance performance, physique, and recovery levels with a vision to encourage healthy living through exercise, diet, and supplementation. ProSupps USA is based in Plano, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 File & ServeXpress

Irving, Texas, United States

File & ServeXpress is a provider of legal technology services that uses modern cloud technology to connect legal professionals, court personnel, legal administrators, and all other stakeholders together seamlessly. Everything we offer and do is established both by the law and by attorneys’ need to practice law more efficiently and effectively. File & ServeXpress was founded in 2012 and is based in Irving, Texas.

Sell -
Mergr

Product

Company

Legal