M&A Deal Summary
Prospect Capital Management
Constitution Capital Partners
|Deal Type||Add-on Acquisition|
|Deal Value||860M USD|
|Advisor(s)||Moelis & Co.
BMO Capital Markets (Financial)
Kirkland & Ellis LLP (Legal)
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TreeHouse is a food manufacturer servicing primarily the retail grocery and foodservice channels. Its major product lines include non-dairy powdered creamer; canned soup, refrigerated and shelf stable salad dressings and sauces; powdered drink mixes; instant oatmeal and hot cereals; macaroni and cheese, skillet dinners and other value-added side dishes and salads; salsa and Mexican sauces; jams and pie fillings under the E.D. Smith brand name; pickles and related products; and other food products including aseptic sauces and liquid non-dairy creamer. TreeHouse Foods was founded in 1862 and is based in Oak Brook, Illinois.
|Overall||10 of 12|
|Sector (Food)||9 of 11|
|Type (Add-on Acquisition)||8 of 8|
|State (Minnesota)||2 of 2|
|Country (United States)||8 of 10|
|Year (2014)||2 of 2|
|Size (of disclosed)||2 of 9|
Protenergy Natural Foods
Richmond Hill, Ontario, Canada
Protenergy Natural Foods Corp. is a fully integrated manufacturer of natural food and beverage products. From concept through product formulation, analytical and sensory testing, nutritional evaluation, packaging and logistics.
ConAgra Foods - Private Label Operations
ConAgra Foods - Private Label Operations is a packaged food company.
Gryphon Investors is a private equity firm focused on making $25 to $50 million equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1997 and is based in San Francisco, California.
|Overall||16 of 30|
|Sector (Food)||2 of 3|
|Type (Add-on Acquisition)||8 of 16|
|State (Minnesota)||1 of 2|
|Country (United States)||16 of 30|
|Year (2014)||1 of 1|
|Size (of disclosed)||1 of 8|
Vince & Associates Clinical Research
Overland Park, Kansas, United States
Vince & Associates Clinical Research Inc. is a provider of clinical research services to the pharmaceutical and biotech industry worldwide.
Vero Beach, Florida, United States
Orchid is a managing general underwriter providing specialty property and casualty insurance products to homeowners, high net worth individuals and small businesses, primarily in coastal regions throughout the U.S. and the Caribbean. Orchid provides proprietary insurance solutions for hard-to-place risks to a growing, national network of retail agents and other strategic distribution partners. Orchid was founded in 1998 and is based in Vero Beach, Florida.
Prospect Capital Corporation is a publicly traded mezzanine debt and private equity firm that primarily provides non-control financing to support growth, recapitalizations, acquisitions, and development. Prospect will selectively consider control acquisitions by providing multiple levels of the capital structure. Prospect was initially formed in 1988 and went public 2004. The Firm is based in New York City.
|Overall||25 of 46|
|Sector (Food)||2 of 2|
|Type (Add-on Acquisition)||7 of 17|
|State (Minnesota)||1 of 1|
|Country (United States)||25 of 45|
|Year (2014)||4 of 8|
|Size (of disclosed)||4 of 13|
Staff Management Solutions
Chicago, Illinois, United States
Staff Management Solutions, LLC is a provider of recruiting, vendor-on-premise staffing and end-to-end supplier management solutions for strategic users of contingent labor. Company operates under the Staff Management, SMX, PeopleScout, HRX, and StudentScout service lines.
Boston, Massachusetts, United States
Airmall develops and currently manages all or substantially all of the retail operations within the Boston, Baltimore-Washington, Pittsburgh, and Cleveland international airports. At each of the airports, AIRMALL is responsible for designing, constructing, leasing, and actively managing the retail space, which includes restaurants, lounges, news and gift shops, specialty retail shops, retail services (e.g., ATMs), food courts, and other common areas. Airmall was founded in 1991 and is based in Boston, Massachusetts.
Constitution Capital Partners is a private equity firm focused on buyouts of North American companies. Constitution typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. The Firm was formed in 2008 and is headquartered in Andover, Massachusetts.
|Overall||5 of 22|
|Sector (Food)||2 of 3|
|Type (Add-on Acquisition)||3 of 11|
|State (Minnesota)||1 of 2|
|Country (United States)||5 of 20|
|Year (2014)||4 of 4|
|Size (of disclosed)||2 of 8|
The Environmental Quality
Wayne, Michigan, United States
The Environmental Quality Company is a fully integrated environmental services and waste management organization based in Wayne, Michigan.
Dallas, Texas, United States
Truco Enterprises LP is a developer and marketer of tortilla chips, salsa, and queso under the On The Border brand. The company’s products are sold nationally through grocery retailers, club stores, and mass merchandisers. Truco Enterprises is based in Dallas, Texas.