Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, Atlanta Cheesecake Company (ACC), by Dessert Holdings, a holding company formed by private equity firm Gryphon Investors.
Atlanta Cheesecake Company began as a family business in 1988 on the Van der Blom family farm in Anniston, Alabama. Now based in Kennesaw, Georgia, ACC offers over 140 dessert varieties and delivers products to well-known grocery retailers in North America. Atlanta Cheesecake Company is committed to the highest standards in food quality and safety and uses the finest all-natural ingredients.
Dessert Holdings, based in St. Paul, Minnesota, is an umbrella company that consists of several premium dessert companies and brands: The Original Cakerie, Lawler’s Desserts and Atlanta Cheesecake Company. The Original Cakerie, founded in 1979, is a leading manufacturer of high-quality frozen desserts for retail and foodservice customers across Canada and the U.S. Lawler’s Desserts, a manufacturer of gourmet cheesecakes, layer cakes, pies and other premium desserts, is based in Humble, Texas.
Based in San Francisco, Gryphon Investors is a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management.
In the announcement of the transaction by Gryphon Investors, Meg Sapp, President of ACC, said, “We are confident that the team at Dessert Holdings shares our values and our commitment to delivering innovative desserts of the highest quality, and we look forward to a partnership that will bring Atlanta Cheesecake Company products to even more people.”
Woodbridge International, an innovative middle-market mergers and acquisitions firm, is pleased to announce the sale of its client, Ontario, Canada-based Skilcor Food Products to Premium Brands Holding Corporation, a leading producer, marketer and distributor of branded specialty food products.
Skilcor is one of Canada’s leading manufacturers of cooked back ribs and other unique protein products. Founded more than 50 years ago, Skilcor is a recognized leader in the North American food industry. Excellent customer service, innovative portioned controlled meat products, state-of-the-art facility, together with an award-winning food safety program, are the foundations of Skilcor’s success.
Premium Brands Holding Corporation is a publicly-held company headquartered in Vancouver, British Columbia. The company owns a broad range of leading specialty food manufacturing and differentiated food distribution businesses.
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, iTech US, Inc. and its wholly owned subsidiary SmartWorks, LLC (“the Company”) by SharedLabs, Inc.
Founded in 2001, iTech is headquartered in South Burlington, Vermont and provides IT consulting services with technological expertise across the full IT life cycle. Its wholly owned subsidiary, SmartWorks, is a software consulting and services company that specializes in hiring and mentoring IT professionals in emerging technologies. The Company’s founder and CEO, Kishore Khandavalli, will assume a board-level role with SharedLabs.
SharedLabs is rapidly growing IT company that supports, manages, repairs, or improves software, applications and ecommerce systems, which drive today’s digital world. SharedLabs is headquartered in Jacksonville, Florida with additional offices in Santa Clara, California, Dallas Texas, NY Metro, Montreal Canada, and Reston, Virginia.
Woodbridge International, a leading middle-market global mergers and acquisitions firm, is pleased to announce the sale of its client, Mary’s Bridal to Rachel Allan.
Houston, Texas-based Mary’s Group, Ltd, dba Mary’s Bridal, is a designer and wholesale supplier of bridal gowns, Quinceañera dresses, prom, bridesmaid, special occasion dresses and flower girl dresses. Mary’s Bridal products are known for hand-sewn beading, romantic floral patterns, impeccable workmanship and couture-like construction. Founded in 1983, the Company sells its products to thousands of specialty retailers/bridal boutiques across the U.S with product also sold to over 30 countries worldwide.
Founded in 1985, Rachel Allan is a Burr Ridge, Illinois-based fashion designer for prom, homecoming, cocktail, social occasion, couture and pageant dresses.
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the sale of its client, NetSource Communications, Inc. to Venture Technologies backed by FlatWorld Capital.
Based in Naperville, Illinois, NetSource Communications provides a range of Internet hosting services to over 600 small and medium-sized businesses from its state-of-the-art data center. Types of hosting services NetSource provides include colocation, dedicated servers, cloud, security, and disaster recovery. In addition, NetSource offers complete managed services for companies seeking an outsourced solution for their IT infrastructure needs.
Headquartered in Ridgefield, Mississippi, Venture Technologies is an IT solutions provider. Founded in 1986, the company operates locations in Alabama, Colorado, Illinois, Louisiana, Mississippi, Tennessee, Wisconsin and Wyoming.
FlatWorld Capital is a New York-based private equity group that specializes in funding and advising middle-market companies.
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the sale of its client, Carriage House Door, Inc. (“the Company”) to a leading supplier of building products.
Sacramento, California-based Carriage House Door manufactures high-end, custom garage doors for the residential market. The Company serves a national customer base of dealers, builders and architects and feature the latest automation technology.
All doors are produced at the Company’s two manufacturing facilities – one in northern California and the other in North Carolina, which combined house 124,000 square feet.
Over the past 10 months, Woodbridge International, a global mergers and acquisitions firm, closed 20 middle-market deals. All but one were sell-side and many were cross-border transactions.
Woodbridge’s clients included medical device manufacturers, software developers, chemical distributors, and various service providers operating in the U.S., China, Germany, Poland, Canada and Australia. More than half of the businesses sold were acquired as add-ons or platforms by strategic private equity firms based in the U.S. and abroad.
“Woodbridge is building on our 2016 momentum and is already off to a strong start in 2017, having just closed four deals in four different industries in January,” said Founder and CEO Robert Koenig. “The demand for middle-market companies is robust – and our global capabilities and unique underwriting process are attracting higher numbers of U.S. and foreign sellers. We expect 2017 will be a record year of deal closings for Woodbridge.”
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the sale of its client, TMC Materials, Inc. (“TMC”), a premier East Coast specialty chemical distributor, to Ravago Chemical Distribution, a subsidiary of Ravago Holdings America.
Beginning in the New England region, TMC grew in to the Mid-Atlantic and then finally down into the southern United States establishing the company territory all along the East Coast, covering 20 states in total.
Ravago is the market leader and global distributor, reseller, and compounder of plastic resins and rubber. Founded in 1961, Ravago is a privately held family owned company headquartered in the city of Luxembourg, Luxembourg, Ravago Americas is based in Orlando, FL.
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the sale of its client, Rad Source Technologies, Inc. to Weihai Weigao Equity Investment Management Company Limited.
Rad Source Technologies is a Suwanee, Georgia-based designer and manufacturer of X-ray irradiation systems used in a broad range of applications such as blood irradiation, small animal research and insect control. Customers include the world’s leading healthcare institutions, research university laboratories and major biotech and pharmaceutical companies.
Rad Source was acquired through a merger with a USA entity set up by China-based investment fund Weihai Weigao Equity Investment Management Company Limited. DRP Capital Limited of Hong Kong acted as financial advisor to the buyer.
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the sale of its client, Mid-West Spring Manufacturing Company in a Management Buyout transaction.
Mid-West Spring Manufacturing Company is a Romeoville, Illinois-based manufacturer of custom springs, wire forms and stampings for a wide variety of industrial customers nationwide. The Company focuses on manufacturing smaller-run volume, custom-designed products for niche applications, most of which are value-engineered to customer specs.