M&A Deal Summary

Westminster Cracker Co. Acquires Dr. Lucy s

On January 7, 2016, Westminster Cracker Co. acquired food company Dr. Lucy s from LaSalle Capital

Acquisition Highlights
  • This is Westminster Cracker Co.’s 1st transaction in the Food sector.
  • This is Westminster Cracker Co.’s 1st transaction in the United States.
  • This is Westminster Cracker Co.’s 1st transaction in Virginia.

M&A Deal Summary

Date 2016-01-07
Target Dr. Lucy s
Sector Food
Buyer(s) Westminster Cracker Co.
Sellers(s) LaSalle Capital
Deal Type Add-on Acquisition

Target

Dr. Lucy s

Norfolk, Virginia, United States
Dr. Lucy's, LLC is a manufacturer of gluten-free cookies. Lucy’s current offerings include seven flavors of cookies distributed nationally to the natural and independent food channels as well as to mass market retailers. All cookies are baked without wheat, gluten, dairy, butter, eggs, casein, peanuts or tree nuts.

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Buyer(S) 1

Buyer

Westminster Cracker Co.

Rutland, Vermont, United States

Category Company
Founded 1828
Sector Food
DESCRIPTION

Westminster Cracker Co., Inc. manufactures premium, all-natural oyster crackers, and other baked goods. Its products are served across the country in restaurants and other foodservice establishments and are also sold in retail outlets. Westminster Cracker was founded in 1828 and is based in Rutland, Vermont.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

LaSalle Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 345M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LaSalle Capital Group is a private investment firm licensed as a SBIC. LaSalle looks to invest in lower middle-market Midwest-based businesses. LaSalle's areas of interest include consumer and industrial products, food processing, for-profit education, business services, packaging and healthcare. LaSalle will not invest in real estate, commodities, oil and gas, and businesses based on rapidly changing technology. Prospective companies typically have revenue between $20 and $100 million and EBITDA greater than $3 million. The Firm's investment horizon is five to seven years. LaSalle Capital Group was formed in 1984 and is based in Chicago, Illinois.


DEAL STATS #
Overall 20 of 33
Sector: Food M&A 4 of 6
Type: Add-on Acquisition M&A Deals 5 of 9
State: Virginia M&A 1 of 1
Country: United States M&A 18 of 31
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Paramount Building Solutions

Phoenix, Arizona, United States

Paramount Building Solutions is a provider of outsourced janitorial services to the retail industry. Paramount Building Solutions currently services over 1,700 individual store locations throughout the United States. Paramount Building Solutions was founded in 2003 and is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-21 Processing

Sherman Oaks, California, United States

CardConcepts Europe Ltd. is a payment services provider focused on providing e-commerce merchants payment processing solutions and services that allow for the acceptance of online payments in multiple currencies around the globe. CardConcepts Europe is based in Sherman Oaks, California.

Buy -