Food & Agriculture Q2 2020

Q2 2020 Food Agriculture

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Rockstar, Inc.
  • PepsiCo, Inc.
  • $4,550.00
  • Smart Foodservice Stores LLC
  • US Foods, Inc.
  • $970.00
  • Assets of Dean Foods Company
  • Dairy Farmers of America, Inc.
  • $433.00
  • Flavors Holdings Inc.
  • Whole Earth Brands, Inc.
  • $387.50
  • Five Production Facilities and Ledbetter Branded Retail Products of Empire Packing Company, L.P.
  • JBS USA Food Company, LLC
  • $238.00
  • 8 Additional facilities, 2 distribution branches, and certain other assets
  • Prairie Farms Dairy, Inc.
  • $75.00
  • 5 New York City stores and Distribution Center of Fairway Group Holdings Corp.
  • Village Super Market, Inc.
  • $73.20
  • Three Dispensaries of Arrow Alternative Care in Connecticut
  • Curaleaf Holdings, Inc.
  • $38.00
  • McArthur Dairy Assets in Florida of Dean Foods Company
  • Moishe Mana
  • $16.50
  • Business of Provide Commerce, Inc.
  • Farids & Co.LLC
  • $12.50

 

Source S&P Capital IQ as of 7/6/2020 and PCE Proprietary Data

Additional Resources

eBook- Keys to Selling Your Packaged Food & Beverage Company

Contacts

eBook- Keys to Selling Your Agriculture Business

 

Michael Poole

Orlando Office

407-621-2112

David Jasmund

Orlando Office

407-621-2111

David Jasmund

 

David Jasmund

Investment Banking | ESOP

Orlando Office

407-621-2111 (direct)

djasmund@pcecompanies.com

Connect
407-621-2111 (direct)

407-621-2199 (fax)

Eric Zaleski

 

Eric Zaleski

Investment Banking | ESOP

Chicago Office

847-239-2466 (direct)

ezaleski@pcecompanies.com

Connect
847-239-2466 (direct)

407-621-2199 (fax)

Melissa Ritter

 

Melissa Ritter

Investment Banking

Orlando Office

407-621-2128 (direct)

mritter@pcecompanies.com

Connect
407-621-2128 (direct)

407-621-2199 (fax)

Michael Rosendahl

 

Michael Rosendahl

Investment Banking

New York Office

201-444-6280 Ext 1 (direct)

mrosendahl@pcecompanies.com

Connect
201-444-6280 Ext 1 (direct)

407-621-2199 (fax)

Will Stewart

 

Will Stewart

Investment Banking | ESOP

Orlando Office

407-621-2124 (direct)

wstewart@pcecompanies.com

Connect
407-621-2124 (direct)

407-621-2199 (fax)

whitcomb-woody

 

Woody Whitcomb

Investment Banking

Orlando Office

407-621-2113 (direct)

wwhitcomb@pcecompanies.com

Connect
407-621-2113 (direct)

407-621-2199 (fax)

poole_michael

 

Michael Poole

Investment Banking

Orlando Office

407-621-2112 (direct)

mpoole@pcecompanies.com

Connect
407-621-2112 (direct)

407-621-2199 (fax)

vogt-paul

 

Paul Vogt

Valuation

Atlanta Office

678-641-4760 (direct)

pvogt@pcecompanies.com

Connect
678-641-4760 (direct)

407-621-2199 (fax)

Mackenzie Moran

 

Mackenzie Moran

Investment Banking

New York Office

201-444-6280 Ext 3 (direct)

mmoran@pcecompanies.com

Connect
201-444-6280 Ext 3 (direct)

407-621-2199 (fax)

Isabel Carta

 

Isabel Carta

Investment Banking

Orlando Office

407-621-2149 (direct)

icarta@pcecompanies.com

Connect
407-621-2149 (direct)

407-621-2199 (fax)

Philipp Seubert

 

Philipp Seubert

Investment Banking

New York Office

201-444-6280 Ext 4 (direct)

pseubert@pcecompanies.com

Connect
201-444-6280 Ext 4 (direct)

407-621-2199 (fax)

Data Assumptions

This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

Glossary

EBIT - Earnings Before Interest and Taxes
EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
LTM - Last Twelve Months
TEV - Total Enterprise Value

Sources:

  1. Bunge, Jacob. “Food Exporters Resist China’s New Coronavirus Restrictions.” The Wall Street Journal. June 25, 2020.
  2. Eideberg, Callie. “Congress just took two actions to boost climate resilience in agriculture.” Environmental Defense Fund. June 8, 2020.
  3. Bustillo, Ximena.” Small Meat get little aid as demand grows.” Politico. June 15, 2020.
  4. Gasparro, Annie. “Why the American Consumer Has Fewer Choices—Maybe for Good.” The Wall Street Journal. June 27, 2020.
  5. Bunge, Jacob. “Meatpackers Slammed by Covid Get Serious About Automation.” The Wall Street Journal. July 9, 2020.
  6. McGinnis, Mike. “More 2020 U.S. Soybean and a lot less corn acres, USDA estimates.” Successful Farming. June 30, 2020.
  7. Graybill, Sarah. “Automated palletizer systems optimize manufacturing, save time.” Beverage Industry. June 26, 2020.

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