M&A Deal Summary

Wind Point Partners Acquires good2grow

On December 8, 2021, private equity firm Wind Point Partners acquired beverage company good2grow from Kainos Capital

Acquisition Highlights
  • This is Wind Point Partners’ 1st transaction in the Beverages sector.
  • This is Wind Point Partners’ 69th transaction in the United States.
  • This is Wind Point Partners’ 2nd transaction in Georgia.

M&A Deal Summary
Date 2021-12-08
Target good2grow
Sector Beverages
Buyer(s) Wind Point Partners
Sellers(s) Kainos Capital
Deal Type Secondary Buyout

Target

good2grow

Atlanta, Georgia, United States
good2grow is a better-for-you kids’ nutrition platform providing single-serve juice, fortified water, and milk products. The Company delivers its unique product with a collectible spout top (“toppers”) based on famous characters from children’s entertainment franchises. Beverages are sold across numerous brick-and-mortar retail channels including convenience, mass, grocery, dollar, and drug stores. G2G uses a variety of distribution methods, including a direct store delivery (“DSD”) network of over 220 partners which allows for optimal merchandising and efficient in-stock rates. good2grow was founded in 2001 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $60 to $130 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.

DEAL STATS #
Overall 74 of 82
Sector (Beverages) 1 of 1
Type (Secondary Buyout) 21 of 27
State (Georgia) 2 of 2
Country (United States) 69 of 75
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 RailWorks

New York, New York, United States

RailWorks provides track construction, electrical systems construction, maintenance services, and products throughout the United States and Canada for major transit authorities, Class I and short-line railroads, and rail-served commercial and industrial companies. Trusted RailWorks brands include L.K. Comstock Inc., PNR RailWorks, NARSTCO, and HSQ Technology. RailWorks was formed in 1998 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-22 Palmex

Monterrey, Mexico

Palmex is a manufacturer of better-for-you (“BFY”) and Hispanic snack pellets for salty snacks. Palmex was founded in 1985 and is based in Monterrey, Mexico.

Buy -

Seller(S) 1

SELLER

Kainos Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Middle-Market
Type Sector Focused
DESCRIPTION

Kainos Capital is a private equity firm focused on the food and consumer products sector. Kainos targets manufacturers and marketers of food products, as well as other consumer products in the household and personal care industries and over-the-counter health and nutritional products sectors. The Firm's target investment size is $50 to $150 million in a company with an EBITDA of $10 to $80 million. Kainos Capital is based in Dallas, Texas.

DEAL STATS #
Overall 17 of 19
Sector (Beverages) 1 of 1
Type (Secondary Buyout) 6 of 7
State (Georgia) 1 of 1
Country (United States) 16 of 18
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Muenster Milling

Muenster, Texas, United States

Muenster Milling is a pet food and ingredients manufacturer, that specializes in making innovative, freeze-dried, and extruded dog food, cat food, and horse feed with a focus on high-quality ingredients to provide healthy options for pet owners to feed their pets. Muenster Milling was founded in 1932 and is based in Muenster, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Kettle Cuisine

Chelsea, Massachusetts, United States

Kettle Cuisine is an independent, artisan soup maker providing uncompromised soup with a commitment to impeccable ingredients, careful preparation and traditional cooking techniques. The company offers a selection of over 50 varieties of soups, chilis and chowders, and services over 5,000 restaurants, cafes, delicatessens and supermarkets in the United States. Kettle Cuisine was founded in 1986 and is based in Chelsea, Massachusetts.

Sell -
Mergr

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