M&A Deal Summary |
|
|---|---|
| Date | 2014-04-21 |
| Target | Protenergy Natural Foods |
| Sector | Food |
| Buyer(s) | TreeHouse Foods |
| Sellers(s) |
Kensington Capital Partners
Whitecap Venture Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 150M USD |
| Advisor(s) | William Blair (Financial) |
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| Category | Company |
|---|---|
| Founded | 1862 |
| Sector | Food |
| Employees | 7,400 |
| Revenue | 3.4B USD (2023) |
TreeHouse Foods is a food manufacturer servicing primarily the retail grocery and foodservice channels. Its major product lines include non-dairy powdered creamer; canned soup, refrigerated and shelf stable salad dressings and sauces; powdered drink mixes; instant oatmeal and hot cereals; macaroni and cheese, skillet dinners and other value-added side dishes and salads; salsa and Mexican sauces; jams and pie fillings under the E.D. Smith brand name; pickles and related products; and other food products including aseptic sauces and liquid non-dairy creamer. TreeHouse Foods was founded in 1862 and is based in Oak Brook, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 14 |
| Sector (Food) | 8 of 13 |
| Type (Add-on Acquisition) | 7 of 9 |
| State (Ontario) | 2 of 2 |
| Country (Canada) | 2 of 2 |
| Year (2014) | 1 of 2 |
| Size (of disclosed) | 8 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-08 |
Associated Brands
Mississauga, Ontario, Canada Associated Brands LP is a manufacturer and supplier of private label packaged food products that sells to almost all of the 50 largest North American food retailers. |
Buy | $180M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-06-30 |
Flagstone Foods
Minneapolis, Minnesota, United States Flagstone Foods is a manufacturer and distributor of private label healthy snacks in North America. Flagstone sources, processes, packages and distributes nuts, trail mixes and other wholesome snacks to premier retail customers across the U.S. Flagstone Foods was founded in 2010 and is based in Minneapolis, Minnesota. |
Buy | $860M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 2.8B CAD |
| Size | Large |
| Type | Sector Agnostic |
Kensington Capital Partners is a Canadian alternative asset manager focused on hedge funds, private equity, and infrastructure assets. Kensington makes private equity investments through its fund-of-funds and direct co-investment programs. Kensington Capital was formed in 1996 and is based in Toronto.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 8 |
| Sector (Food) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 5 |
| State (Ontario) | 1 of 3 |
| Country (Canada) | 1 of 4 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-24 |
Touch Bistro
Toronto, Ontario, Canada Touch Bistro provides iPad restaurant point-of-sale technology for restaurants, cafes, bars, food trucks, and other food and drink venues. Touch Bistro is based in Toronto, Ontario. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-20 |
PaySimple
Denver, Colorado, United States PaySimple is a provider of SaaS Service Commerce solutions for SMBs. Its technology solutions enable businesses to sell products and services, accept payments, automate billing and notifications, and securely manage customer appointments and accounts on web and mobile devices, promoting their ability to foster relationships and increase convenience for new and repeat buyers. PaySimple was founded in 2005 and is based in Denver, Colorado. |
Buy | - |
| Category | Venture Capital Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 225M CAD |
| Size | Small |
| Type | Sector Focused |
Whitecastle Private Equity Partners (WPEP) is the private equity arm of Whitecastle Investments, a firm which also provides venture capital financing. WPEP looks to invest C$5 to C$25 million to help fund buyouts, acquisitions, expansions, and privatizations of companies valued up to C$75 million. Target industries include food services, recycling and waste management, technology, healthcare services and products, financial services, and manufacturing. Whitecastle Private Equity Partners was formed in 1958 and is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 11 |
| Sector (Food) | 1 of 1 |
| Type (Add-on Acquisition) | 4 of 4 |
| State (Ontario) | 6 of 6 |
| Country (Canada) | 10 of 10 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-10-04 |
Protenergy Natural Foods
Richmond Hill, Ontario, Canada Protenergy Natural Foods Corp. is a fully integrated manufacturer of natural food and beverage products. From concept through product formulation, analytical and sensory testing, nutritional evaluation, packaging and logistics. |
Buy | - |
