M&A Deal Summary

Wells Acquires Fieldbrook Foods

On April 15, 2019, Wells acquired food company Fieldbrook Foods from Arbor Investments and ATP Private Equity Partners

Acquisition Highlights
  • This is Wells’ 1st transaction in the Food sector.
  • This is Wells’ 1st transaction in the United States.
  • This is Wells’ 1st transaction in New York.

M&A Deal Summary
Date 2019-04-15
Target Fieldbrook Foods
Sector Food
Buyer(s) Wells
Sellers(s) Arbor Investments
ATP Private Equity Partners
Deal Type Add-on Acquisition

Target

Fieldbrook Foods

Dunkirk, New York, United States
Fieldbrook Foods is a U.S manufacturer of private label frozen novelty ice cream products. The company offers high quality products ranging from ice cream sandwiches, cups, cones and ices to stick novelties.

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Buyer(S) 1

Buyer

Wells

Le Mars, Iowa, United States
Category Company
Founded 1913
Sector Food
DESCRIPTION

Wells produces more than 200 million gallons of ice cream per year and distributes products in all 50 U.S. states. The company manufactures its signature brand Blue Bunny, Halo Top, the iconic Bomb Pop, and Blue Ribbon Classics. Wells was formed in 1913 and is headquartered Le Mars, Iowa.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 2

SELLER

Arbor Investments

Chicago, Illinois, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Arbor Investments is a private equity group focused on acquiring profitable, middle-market companies in the food and beverage sector. Arbor considers all areas surrounding the food/beverage and related industries. Specific areas of interest include regional niche branded food products; vegetable, fruit, meat and dairy processors; ethnic food manufacturers and marketers; flavors and ingredients; baked goods; restaurant chains; co-packers for major retailers, foodservice companies; food packaging; grocery and specialty food retailers; and logistics providers to the food and beverage industries. Prospective companies generally lead their markets and are 'low-cost operators' with predictable cash-flows. Arbor Investments was formed in 1999 and has offices in Chicago, New York, and Atlanta.

DEAL STATS #
Overall 26 of 32
Sector (Food) 15 of 17
Type (Add-on Acquisition) 13 of 18
State (New York) 1 of 1
Country (United States) 25 of 31
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-13 Red Collar Pet

Franklin, Tennessee, United States

Red Collar Pet is a manufacturer of premium and mainstream private label and contract pet food and treat products. Red Collar Pet was founded in 2018 and is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Rubix Foods

Jacksonville, Florida, United States

Rubix Foods is a provider of dairy products and fresh value-added ingredients for national chain restaurants and industrial food manufacturers. Rubix Foods was founded in 1985 and is based in Jacksonville, Florida.

Buy -
SELLER

ATP Private Equity Partners

Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.

DEAL STATS #
Overall 25 of 34
Sector (Food) 3 of 3
Type (Add-on Acquisition) 9 of 12
State (New York) 2 of 3
Country (United States) 11 of 14
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 Anaqua

Boston, Massachusetts, United States

Anaqua is a provider of integrated, end-to-end innovation and intellectual property management software (IPMS) solutions. Anaqua was founded in 2004 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Phase One

Frederiksberg, Denmark

Phase One is a provider of image processing software for professionals, prosumers, and companies. Phase One is also the world leader in digital medium format cameras for professional photographers and industrial applications. Phase One was established in 1993 and is based in Frederiksberg, Denmark.

Buy -
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