Sale to Insight Equity III LP

Consumer
Sale to Insight Equity III LP

Summary

Baird served as the exclusive financial advisor to Eddy Foods, Inc. and Mason Wells Buyout Fund III on this transaction

About

Eddy Foods, Inc. (“Eddy Packing” or the “Company”), a portfolio company of Mason Wells Buyout Fund III (“Mason Wells”), has been acquired by Insight Equity III LP (“Insight Equity”). Terms of the transaction were not disclosed.

Eddy Packing is a leading, value-added processor of smoked, cooked and fresh pork, beef and poultry products that are available in refrigerated and frozen formats. The Company’s diverse product assortment spans barbeque meats (beef, pork, chicken and turkey), marinated meats (smoked & fresh), beef brisket (whole, sliced, chopped), beef ribs and cutlets, pulled pork and chicken, smoked and fresh sausages, fajitas, kolaches and more. Eddy Packing serves a balanced mix of multi-unit foodservice, contract packing and retail customers with its branded and private label offerings. Eddy Packing is headquartered in Yoakum, Texas.

Mason Wells is a leading Midwest-based private equity firm with approximately $1.0 billion in assets under management across its current private equity funds. Mason Wells is currently investing out of Mason Wells Buyout Fund IV, a $615 million fund. Since Mason Wells was formed in 1998, its buyout funds have invested in four specific industry sectors: Consumer Packaged Goods, Outsourced Business Services, Engineered Products & Services, and Packaging Materials & Converting. Mason Wells is headquartered in Milwaukee, Wisconsin.

Insight Equity makes control investments in middle market, asset-intensive companies across a wide range of industries. Insight Equity’s experienced principals have acquired and managed businesses with over $4 billion in aggregate revenue since 2000. The firm leverages a proven collaborative value creation model to facilitate operational improvements leading to significant cash generation and growth. Insight Equity’s approach is to partner with management teams to drive transformational improvements in businesses. Insight Equity is headquartered in Southlake, Texas.
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Consumer
Sale to Insight Equity III LP
Date
February 2019
Company
Eddy Foods, Inc.
Transaction
M&A
Sectors
Consumer
Target Location
North America
Acquiror Location
North America

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