M&A Deal Summary

Topps Meat Company Acquires J&B Meats

On September 12, 2005, Topps Meat Company acquired food company J&B Meats from North American Funds

Acquisition Highlights
  • This is Topps Meat Company’s 1st transaction in the Food sector.
  • This is Topps Meat Company’s 1st transaction in the United States.
  • This is Topps Meat Company’s 1st transaction in Illinois.

M&A Deal Summary

Date 2005-09-12
Target J&B Meats
Sector Food
Buyer(s) Topps Meat Company
Sellers(s) North American Funds
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

J&B Meats

Coal Valley, Illinois, United States
J&B Meats Corporation manufactures meats products.

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Buyer(S) 1

Buyer

Topps Meat Company

Elizabeth, New Jersey, United States

Category Company
Founded 1940
Sector Food
DESCRIPTION

Topps Meat Company LLC is a manufactures, distributes, and supplies frozen meat products.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1

Seller(S) 1

SELLER

North American Funds

Chicago, Illinois, United States

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

North American Funds LLC (Formerly North American Business Development Companies LLC) are a collection of investment vehicles focused on acquiring or making significant investments in smaller and lower middle-market growth-oriented companies. North American targets profitable companies generating sales of $5 to $40 million and EBITDA of $500K to $5 million. Sectors of interest include manufacturing, food/beverage, medical services, consumer products/services, distribution, business services, education, and financial services. The fund partnerships are managed by the North American Business Development Companies. North American Funds was formed in 1989 and maintains offices in Chicago, Illinois and Fort Lauderdale, Florida.


DEAL STATS #
Overall 5 of 7
Sector: Food M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 3
State: Illinois M&A 2 of 3
Country: United States M&A 5 of 7
Year: 2005 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-15 AMTEC Precision Products

Elgin, Illinois, United States

AMTEC Precision Products, Inc. is a manufacturer of high-volume, close-tolerance machined metal components principally for automotive, diesel engine and capital equipment markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-17 Actown-Electrocoil

Spring Grove, Illinois, United States

Actown-Electrocoil, Inc. is a manufacturer of custom electromagnetic devices (transformers, industrial coils, inductors) for a diverse base of blue-chip customers. Also produces a proprietary line of products for the outdoor signage market.

Sell $24M