M&A Deal Summary

Turning Point Acquires Standard Diversified

On April 8, 2020, Turning Point acquired consumer products company Standard Diversified

Acquisition Highlights
  • This is Turning Point’s 4th transaction in the Consumer Products sector.
  • This is Turning Point’s 5th transaction in the United States.
  • This is Turning Point’s 1st transaction in New York.

M&A Deal Summary
Date 2020-04-08
Target Standard Diversified
Sector Consumer Products
Buyer(s) Turning Point
Deal Type Merger
Advisor(s) Houlihan Lokey (Financial)

Target

Standard Diversified

Mineola, New York, United States
Standard Diversified is a holding company that owns and operates subsidiaries in a variety of industries, including other tobacco products, outdoor advertising, and insurance. Standard Diversified was founded in 1990 and is based in Mineola, New York.

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Buyer(S) 1

Buyer

Turning Point

Louisville, Kentucky, United States
Category Company
Founded 1988
Sector Consumer Products
Employees373
Revenue 405M USD (2023)
DESCRIPTION

Turning Point is a US provider of other tobacco products (“OTP”). Through widely recognized brands such as Zig-Zag®, Beech-Nut® and Stoker’s®, the company markets smokeless products (chewing tobacco and moist snuff), smoking products (premium cigarette papers and cigar products), new generation electronic products (e-cigarettes, vaporizers and E-Liquids), and new generation non-nicotine, non-tobacco products sold through the Primal™ brand. Turning Point was founded in 1988 and is based in Louisville, Kentucky.

DEAL STATS #
Overall 5 of 5
Sector (Consumer Products) 4 of 4
Type (Merger) 1 of 1
State (New York) 1 of 1
Country (United States) 5 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-19 Solace Technologies

United States

Solace Technologies is a product development company of nicotine-based solutions for electronic vape devices.

Buy $15M
Mergr

Product

Company

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