M&A Deal Summary

Triangle Capital and Gryphon Investors Acquire Ann s House of Nuts

On November 15, 2010, private equity firms Triangle Capital and Gryphon Investors acquired food company Ann s House of Nuts from Olympus Partners

Acquisition Highlights
  • This is Triangle Capital’s 4th and Gryphon Investors’ 4th transaction in the Food sector.
  • This is Triangle Capital’s 46th and Gryphon Investors’ 27th transaction in the United States.
  • This is Triangle Capital’s 1st and Gryphon Investors’ 1st transaction in Maryland.

M&A Deal Summary

Date 2010-11-15
Target Ann s House of Nuts
Sector Food
Buyer(s) Triangle Capital
Gryphon Investors
Sellers(s) Olympus Partners
Deal Type Secondary Buyout
Advisor(s) Lincoln International
McColl Partners LLC (Financial)

Target

Ann s House of Nuts

Jessup, Maryland, United States
Ann's House of Nuts, Inc. is a manufacturer of private label and branded, snack nut and trail mix products to the retail and grocery channels.

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Buyer(S) 2

Buyer

Triangle Capital

Raleigh, North Carolina, United States

Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 46 of 114
Sector (Food) 4 of 10
Type (Secondary Buyout) 5 of 21
State (Maryland) 1 of 1
Country (United States) 46 of 112
Year (2010) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-29 Infrastructure of America

Brentwood, Tennessee, United States

Infrastructure Corporation of America is a provider of solutions for managing and maintaining transportation infrastructure during an era of reduced manpower and ever-shrinking public sector budgets. Their performance-based approach to asset management has proven to help state governments save money on maintenance costs. In 2015, ICA was acquired by HDR, Inc., a global engineering, architecture, environmental and consulting firm. As HDR|ICA Asset Management, the company offered government and transportation agencies a strategic approach to decision making focused on maximizing life-cycle system performance and value.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-17 Green Garden Products

Norton, Massachusetts, United States

Green Garden Products LLC is a supplier of branded, consumable gardening products. Green Garden Products is a provider of seed packets and seed starter products for flower and vegetable gardens in North America, and an emerging participant in the specialty soil and plant nutrient categories. Green Garden Products was founded in 1980 and is based in Norton, Massachusetts.

Buy -
Buyer

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $300 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1997 and is based in San Francisco, California.


DEAL STATS #
Overall 27 of 82
Sector (Food) 4 of 6
Type (Secondary Buyout) 4 of 27
State (Maryland) 1 of 4
Country (United States) 27 of 81
Year (2010) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-15 American Importing

Minneapolis, Minnesota, United States

American Importing Co., Inc. is a provider of high-quality private label and branded snack foods, including dried fruits, nuts, trail mixes, and other wholesome snack food products, as well as related processed ingredients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-25 Accelerated Rehabilitation Centers

Chicago, Illinois, United States

Accelerated Rehabilitation Centers, LLC is a premier provider of outpatient rehabilitation services. Accelerated has grown to over 230 outpatient rehabilitation centers in Illinois, Indiana, Iowa, Michigan, Missouri, Wisconsin, Ohio and Arizona, becoming the top choice for many professional athletes, large employers and busy professionals.

Sell -

Seller(S) 1

SELLER

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.


DEAL STATS #
Overall 21 of 50
Sector (Food) 1 of 2
Type (Secondary Buyout) 2 of 15
State (Maryland) 1 of 1
Country (United States) 19 of 47
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-12 Churchill Financial

New York, New York, United States

Churchill Financial is a debt capital provider to middle-market companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-18 K-MAC Enterprises

Fayetteville, Arkansas, United States

K-MAC is a YUM! franchisee, operating over 140 Taco Bell and KFC restaurants in Missouri, Oklahoma, and Texas. The company also operates golden corral restaurant franchises in Missouri. K-MAC Enterprises was founded in 1964 and is based in Fayetteville, Arkansas.

Sell -