Deal Details
Sale to Novacap Investments, Inc.
Summary
Baird served as co-advisor to Otter Tail Corporation
About
Idaho Pacific Holdings, Inc. (“IPH” or the “Company”), a subsidiary of Otter Tail Corporation (“Otter Tail”) (NASDAQ: OTTR), recently completed its sale to Novacap Investments, Inc. (“Novacap”) for approximately $87.0 million.Founded in 1987, IPH is a leading manufacturer of dehydrated potato products serving the ingredient, foodservice and export end markets. IPH is headquartered in Ririe, ID and has additional operations in Center, CO and Souris, Prince Edward Island.
Otter Tail Corporation has interests in a diversified set of operations that include an electric utility and energy services company, wind energy and transportation, health services and infrastructure businesses, which include manufacturing, construction and plastics.
Novacap, with $790 million of assets under management, is a Canadian private equity firm. Operating through two functional groups, Novacap Industries and Novacap Technologies, the firm invests in middle market manufacturing, services, information and communications companies.
For additional information about this transaction, please contact:
- Date
- May 2011
- Company
- Idaho Pacific Holdings, Inc.
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
- Acquiror Geography
- North America
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