M&A Deal Summary

TrustHouse Services Group Acquires Aladdin Food Management Services

On April 10, 2008, TrustHouse Services Group acquired food company Aladdin Food Management Services from Argosy Private Equity and Taglich Private Equity

Acquisition Highlights
  • This is TrustHouse Services Group’s 3rd transaction in the Food sector.
  • This is TrustHouse Services Group’s 3rd transaction in the United States.
  • This is TrustHouse Services Group’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2008-04-10
Target Aladdin Food Management Services
Sector Food
Buyer(s) TrustHouse Services Group
Sellers(s) Argosy Private Equity
Taglich Private Equity
Deal Type Add-on Acquisition

Target

Aladdin Food Management Services

Wheeling, West Virginia, United States
Aladdin Food Management Services LLC is a contract food service company, providing food, nutrition and dining management services to institutions throughout the Midwest, East and Southeast U.S.

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Buyer(S) 1

Buyer

TrustHouse Services Group

Charlotte, North Carolina, United States
Category Company
Founded 2008
Sector Food
DESCRIPTION

TrustHouse Services Group, Inc. is a food service provider focused on the healthcare, education and corrections sectors. TrustHouse manages over 675 client accounts across 45 states.

DEAL STATS #
Overall 3 of 7
Sector (Food) 3 of 5
Type (Add-on Acquisition) 3 of 7
State (West Virginia) 1 of 1
Country (United States) 3 of 7
Year (2008) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-10 AmeriServe Food Management

Columbia, Missouri, United States

AmeriServe Food Management, Inc. is a provider of contract food service management to colleges and secondary schools throughout a seven-state area. AmeriServe operates as the exclusive provider of food and beverage at all facilities it services and is responsible for hiring, training, and supervising food service personnel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-26 A’viands Food and Management Services

Roseville, Minnesota, United States

A’viands Food and Management Services is a premier food services firm, and manages over 200 client accounts across 13 states. Based in Roseville, MN, the company was recently named one of the top 50 fastest growing privately held companies in the Minneapolis/St. Paul area.

Buy -

Seller(S) 2

SELLER

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 7 of 52
Sector (Food) 1 of 4
Type (Add-on Acquisition) 5 of 38
State (West Virginia) 1 of 1
Country (United States) 7 of 52
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-12 Joliet Electric Motors

Joliet, Illinois, United States

Joliet Electric Motors is a provider of new and remanufactured AC and DC traction motors for the oil and gas drilling and exploration industries and other high power, large motor industrial applications. The Company also provides industrial motor repair services. Joliet Electric Motors was founded in 1954 and is based in Joliet, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-29 Revive Personal Products

Madison, New Jersey, United States

Revive Personal Products is an operator and marketer of over-the-counter (OTC) consumer healthcare brands including Stim-U-Dent®, The Natural Dentist®, Fresh ‘n Brite®, Healthy Woman®, Conceptrol®, and Gynol II®. Revive Personal Products was founded in 2008 and is based in Madison, New Jersey.

Buy -
SELLER

Taglich Private Equity

New York, New York, United States
Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Taglich Private Equity is a private equity firm focused on investing in US-based, lower middle market manufacturing, business service, and consumer product companies. The Firm prefers businesses with strong growth prospects and leading market positions. Taglich looks to invest $3 to $20 million and will consider funding a variety of investment situations - including management buyouts, recapitalizations, secondary buyouts, ownership transitions, divestitures, and growth capital financings. Taglich Private Equity was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 4 of 17
Sector (Food) 1 of 3
Type (Add-on Acquisition) 1 of 7
State (West Virginia) 1 of 1
Country (United States) 4 of 17
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 North Atlantic Ship Repair

Boston, Massachusetts, United States

North Atlantic Ship Repair is a provider of large vessel repair company specializing in repairing military/naval vessels and cruise ships North Atlantic Ship Repair was founded in 1995 and is based in Boston, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 Wholesale Floors

Phoenix, Arizona, United States

Wholesale Floors is a provider of commercial flooring design and installation services for institutional and corporate clients in the greater Phoenix area. Wholesale Floors also distributes flooring products. Wholesale Floors was founded in 1979 and is based in Phoenix, Arizona.

Buy -
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