Algood Food Company has been recapitalized by Andros

Algood Food Company has been recapitalized by Andros

/0 Comments/in /by

ABOUT THE DEAL:

Algood Food Company (also referred to as the “Company” and “AFC”) has been recapitalized by Andros (the “Buyer”).

Established in 1985 and headquartered in Louisville, Kentucky, Algood Food Company is recognized throughout the United States as one of the premier packers of private label peanut butter, jellies, and preserves.

Andros is a family owned and privately run company, headquartered in the southwest countryside of France, known as a global leader in fruit processing, frozen desserts, dairy, and confectionery. Andros currently owns and operates more than 30 factories worldwide including a US fruit processing factory in Mt. Jackson, Virginia. Andros’ Mt. Jackson, VA manufacturing facility, Bowman Andros Products, produces branded, private label, and co-packing of high quality, unique, fruit-based foods. Old Virginia® and Buddy Fruits® are made domestically in Virginia. Andros’ imported brands are Bonne Maman®, Andros® Chef, Solo Italia® frozen dessert, and Pierrot Gourmand candy.

Allston Advisory Group served as the exclusive financial advisor to Algood Food Company, and conducted a confidential, competitive sales process on behalf of the Company.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies to lower middle market companies. Headquartered in Louisville, Kentucky, the firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

AHA Insurance Network has been acquired by SIAA

AHA Insurance Network has been acquired by Strategic Independent Agency Alliance

/0 Comments/in /by

ABOUT THE DEAL:

AHA Insurance Network (also referred to as the “Company” and “AHA”) has been acquired by Strategic Independent Agency Alliance (“SIAA” or the “Buyers”).

Established in 1997 and headquartered in Louisville, Kentucky, AHA Insurance Network is a Master Agency in the SIAA network. AHA has over 150 members across three states (KY, IN, and TN). AHA’s vision is to see every independent agency thrive and reach its highest potential so that together, they become the most sought-after partnership of next-generation insurance leaders.

Headquartered in Hampton, New Hampshire and founded in 1995, SIAA, a portfolio company of Odyssey Partners, has evolved into the largest alliance of independent insurance agencies in the country. The concept of the SIAA alliance began in 1983 with the creation of the first Master Agency – Satellite Agency Network Group (SAN Group). Smaller independent agencies kept running into roadblocks because of their size, specifically, low commissions, and access to competitive companies. The idea was to create a Master Agency to provide company access and other services to help grow these agencies – profitably.

By the mid-90’s, SAN Group had grown successfully in membership and written premium, giving smaller member agencies an opportunity to get company appointments and to grow. Insurance executives and consultants encouraged SAN Group to repeat this success on a national basis. In 1995, the national alliance – SIAA was born. The multi-level partnering model of SAN was recreated in geographic markets across the nation. Today, SIAA has a well-established alliance of 48 master agencies covering all 50 United States.

In April of 2021, Odyssey Partners, a middle-market private equity firm, acquired SIAA for an undisclosed sum. Odyssey Partners has raised over $8.2 billion in private equity capital since its inception and targets middle-market companies across the nation with annual EBITDA between $20 – $100 million. Odyssey has invested in more than 50 platform companies and has successfully completed an additional 200 add-on acquisitions.

Allston Advisory Group served as the exclusive financial advisor to AHA Insurance Network. Allston assisted AHA throughout the transaction process, including preparing the valuation of the Company and assisting with deal term negotiations.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies to lower middle market companies. Headquartered in Louisville, Kentucky, the firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

Gatterdam Industrial Services has been acquired by Air Hydro Power, Inc.

Gatterdam Industrial Services has been acquired by Air Hydro Power, Inc.

/0 Comments/in /by

ABOUT THE DEAL:

Gatterdam Industrial Services (also referred to as the “Company” and “GIS”) has been acquired by Air Hydro Power, Inc. (“AHP” or the “Buyers”).

Established in 1954 and headquartered in Louisville, Kentucky, Gatterdam Industrial Services is a privately-owned electric motor repair facility, specializing in the electrical motor, monitoring, and fluidic pump markets.

Also headquartered in Louisville, Kentucky and founded in 1961, Air Hydro Power, Inc. is an industrial distributor serving the Kentucky, southern Indiana, Alabama, Mississippi, West Virginia, and southeastern Ohio specializing in hydraulics, pneumatics, electrical automation, and hose and fittings. Owned by Tom McGuire, Matt Ott, and Dick Beaven since 1998, AHP has nineteen locations and over 270 employees including customer service, product specialists and a technical engineering staff.

“With the business landscape changing rapidly, it was important for me to find a partner like AHP with the resources and expertise to give us every possible competitive advantage. Combining with AHP positions us for success, both with our customer base and our loyal team members for many years to come,” said Schuyler John, president of Gatterdam Industrial Services, who will remain as general manager of the Gatterdam Division of AHP.

Matt Ott, Co-Owner of AHP, stated, “Gatterdam has the experience and reputation for customer service, which customers need today more than ever. This broadens the range of products and services AHP has to offer.”

Allston Advisory Group served as the exclusive financial advisor to Gatterdam Industrial Services. Allston assisted GIS throughout the transaction process, including preparing the company for sale.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies to lower middle market companies. Headquartered in Louisville, Kentucky, the firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

NEWS SOURCES:

https://www.pr.com/press-release/849436

https://industrialsupplymagazine.com/pages/News-112221-Air-Hydro-Power-acquires-Gatterdam-Industrial-Services.php

https://www.bizjournals.com/louisville/news/2021/11/22/louisville-based-air-hydro-power-acquires-local-co.html

KIVA Sports

KIVA Sports has been acquired by 3STEP Sports

/0 Comments/in /by

ABOUT THE DEAL:

Ohio Valley Volleyball Center, Inc. doing business as KIVA Sports (also referred to as the “Company” and “KIVA”) has been acquired by 3STEP Sports (“3STEP” or the “Buyer”).

Established in April of 1993 and headquartered in Louisville, Kentucky, KIVA Sports is a training and competition center dedicated primarily to youth development and education in the sport of volleyball, growing the sport of volleyball, and providing unparalleled facilities for playing the sport of volleyball.

Over the last 20-plus years, KIVA has been one of the premier junior volleyball clubs in the nation with 45 championships and 119 medal finishes in national tournament competition. KIVA has also developed more than 125 athletes who have earned college scholarships.

Headquartered in Andover, Massachusetts, 3STEP Sports is the nation’s largest and most impactful youth sports club and event operator. The 3STEP reach spans 43 states and serves more than 3.2 million athletes across nine sports through industry-leading events, nationally spanning club programs, premier media content and more. The mission of 3STEP is to be the standard of the youth sports experience and create consistency in the industry.

“We are thrilled to be joining 3STEP Sports,” said legendary girls’ volleyball coach, Ron Kordes. “Over the last several years, 3STEP has established itself as one of the premier players in youth sports. We look forward to partnering with them to assist and enhance the growth of the wonderful sport of volleyball.”

“KIVA has established a standard of excellence in club volleyball that is second to none,” said 3STEP Sports founder and CEO David Geaslen. “Ron Kordes has built an empire with KIVA and his mission aligns perfectly with ours. Adding KIVA is a giant step for our growing volleyball division.”

Allston Advisory Group served as the exclusive financial advisor to KIVA Sports. Allston and KIVA mutually defined and executed a strategy to achieve an excellent outcome that fulfilled the owners’ unique personal, professional, and financial goals.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies to lower middle market companies. Headquartered in Louisville, Kentucky, the firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

NEWS SOURCES:

https://threestep.com/3step-sports-adds-kiva/

Hibbs & Associates, PLLC has been acquired by CPA Innovations, LLC

/0 Comments/in /by

ABOUT THE DEAL:

Hibbs & Associates, PLLC (also referred to as the “Company” and “Sellers”) has been acquired by CPA Innovations, LLC (the “Buyers”).

Established in 1984 and headquartered in Bardstown, Kentucky, Hibbs & Associates, PLLC is a full-service accounting firm that specializes in a diverse range of services, including individual and business tax preparations, estates and trusts, bookkeeping and payroll services, small business consulting, retirement and estate planning as well as non-profit organization consulting. Additionally, the Company has several members of its staff that are certified Notary Publics for those occasional instances when it may be required. The Company has proven expertise in providing unsurpassed accounting services that improve efficiencies, control costs, and maximize profits for their growth-minded clients. The Company strives to be a strategic partner in the long-term success of their clients.

CPA Innovations, LLC was founded to help accounting and finance firms compete and maximize margins in this challenging environment. Teaming up with Chartered Accountants in India with a pedigree of tax and advisory experience with the top firms, CPA Innovations provides a customized service to accounting firms and help ensure a significant margin improvement on the finance and accounting services they offer their clients.

Allston Advisory Group served as the exclusive financial advisors to the Sellers, Hibbs & Associates, PLLC. Allston established a valuation assessment of the Company, prepared a thorough confidential memorandum, assisted with the Buyer’s due diligence, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity and provided the employees with a pioneering new owner.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

River City Glass & Mirror, Inc. has been acquired by the Management Team

/0 Comments/in /by

ABOUT THE DEAL:

River City Glass & Mirror, Inc. (also referred to as the “Company” and “Sellers”) has been acquired by the Management Team (the “Buyers”).

Established in April 1993 and headquartered in Louisville, Kentucky, River City Glass & Mirror, Inc. is an independent, family-owned and operated glass company specializing in a diverse range of custom products and services, including windows, mirrors, and frameless shower doors. In addition, the Company has several skilled technicians with the expertise to ensure proper installation for any residential or commercial project. The Company’s strong reputation is garnered through emphasizing superior customer service, understanding clients’ unique glass and mirror needs, and performing cost-effective services with the highest quality thereby enhancing the value of their client’s homes and businesses.

Allston Advisory Group served as the exclusive financial advisors to the Sellers, River City Glass & Mirror, Inc. Allston established a valuation assessment of the Company, prepared a thorough confidential memorandum, assisted with the Buyer’s due diligence, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity and provided the Management Team with an opportunity for ownership.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

Louisville Sign Company, Inc. has been acquired by B Sign Group

/0 Comments/in /by

ABOUT THE DEAL:

Louisville Sign Company, Inc. (also referred to as the “Company” and “Sellers”) has been acquired by B Sign Group (the “Buyers”).

Established in 1996 and headquartered in Mt. Washington, Kentucky, Louisville Sign Company, Inc. is an independent, family-owned and operated sign company offering a huge array of products and services including monument signs, channel letters, sign cabinets, sign face, neon signs, vinyl signs and custom signs. Additionally, the Company has several skilled technicians with 20+ years of experience in the sign industry, and all are licensed electricians.

The Bottom Sign Company name has been around since 1955. Brothers Bob and Joe Bottom originally opened the doors in New Albany, Indiana in April of 1955. They quickly gained a reputation for their dedication to customer service and quality in the signs they created. In 2005, Joey Bates, a friend of the family, acquired Bottom Sign Company from the second generation of the Bottom family. With the acquisition of Eagle Sign & Design in 2017, the B Sign Group was formed, and Joey, along with his talented team of professionals, has turned B Sign Group into the area leader for custom signs, vehicle wraps, and sign services.

Allston Advisory Group served as the exclusive financial advisors to the Sellers, Louisville Sign Company, Inc. Allston established a valuation assessment of the Company, prepared a thorough confidential information memorandum, assisted with the Buyer’s due diligence, helped the Buyers obtain financing for the transaction, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity as well as provide employees with a reputable and customer-focused new owner.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

Delta Services, LLC has been acquired by The State Group, Inc.

/0 Comments/in /by

ABOUT THE DEAL:

Delta Services, LLC has been acquired by The State Group Inc.

Established in 2004 and headquartered  in Louisville, Kentucky, Delta Services is a privately-owned, bonded and fully-insured electrical contractor specializing in various types of electrical construction, communications systems, fire and security systems, safety services, utility distribution services, and PLC controls. With operations in Kentucky, Southern Indiana and surrounding states, Delta Services has over 230 union electricians and 35 employees.

Headquartered in Toronto, Canada and founded in 1961, The State Group provides comprehensive electrical and mechanical trade services to Fortune 100 companies in the power generation, automotive, oil and gas, communications, metals and transportation industries. Backed by New York-based private equity firm, Blue Wolf Capital Partners LLC, and Vancouver-based private equity firm, Yellow Point Equity Partners, The State Group operates 18 offices throughout the United States and Canada and employs over 800 professionals and skilled trades-persons from over 150 locales across eleven crafts who perform nearly 2,000 jobs each year repairing, maintaining and constructing enterprise-vital infrastructure with a relentless focus on safety and quality execution.

“Our successful sale to State Group is a testament to our team’s collective effort to be the best in providing high quality, value added electrical solutions for our customers and to our commitment to the local communities we serve,” said Kevin Waldron, President of Delta Services. “We’re excited to join State Group as we begin the next chapter of Delta Services’ growth and success.”

“The addition of Delta Services provides an exciting opportunity to partner with a company aligned with our own values in prioritizing quality of service, not price,” said Thomas Santoni, President and CEO of The State Group. “Delta Services has a strong brand built on a foundation of nearly 40 years of high quality service. We are proud to welcome Kevin and the entire Delta team into the State Group family as we grow our existing business in Louisville and expand our footprint into greater Kentucky and Southern Indiana.

Allston Advisory Group served as the exclusive financial advisor to Delta Services, LLC, and conducted a confidential, competitive sale process that included both strategic and financial buyers.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

NEWS SOURCES: 

Business Wire

EC&M

Crunchbase

Bloomberg

Comstock Brothers Electric Company, LLC has been acquired by The State Group, Inc.

/0 Comments/in /by

ABOUT THE DEAL:

Comstock Brothers Electric Company, LLC has been acquired by The State Group Inc.

Established in 1999 and headquartered  in Louisville, Kentucky, Comstock is a privately-owned, bonded and fully-licensed electrical contractor specializing in various types of power distribution, electrical construction, process controls, conveyors, package handling, automotive, design-build and electrical testing. Comstock Brothers Electric Company creates value, with service, diagnostic capabilities, and deadline critical promptness to “Exceeding Energy Expectations.”

Headquartered in Toronto, Canada and founded in 1961, The State Group provides comprehensive electrical and mechanical trade services to Fortune 100 companies in the power generation, automotive, oil and gas, communications, metals and transportation industries. Backed by New York-based private equity firm, Blue Wolf Capital Partners LLC, and Vancouver-based private equity firm, Yellow Point Equity Partners, The State Group operates 18 offices throughout the United States and Canada and employs over 800 professionals and skilled trades-persons from over 150 locales across eleven crafts who perform nearly 2,000 jobs each year repairing, maintaining and constructing enterprise-vital infrastructure with a relentless focus on safety and quality execution.

Allston Advisory Group served as the exclusive financial advisor to the Comstock Brothers Electric Company, LLC, and conducted a confidential, competitive sale process that included both strategic and private equity buyers.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

EXPRESS WASTE REMOVAL HAS BEEN ACQUIRED BY A PRIVATE INVESTMENT GROUP

/0 Comments/in /by

ABOUT THE DEAL:

Express Waste Removal and Recycling (also referred to as the “Company” and/or “Sellers”) has been acquired by a Private Investment Group (the “Buyers”).

Headquartered in Ellettsville, Indiana, the Company has provided cost-effective, reliable waste collection for over a decade to individuals and businesses throughout Bloomington, Ellettsville, and various other parts of Monroe County. The Company has grown its portfolio of customers through its strategic focus on customer density and superior customer service.

Allston Advisory Group served as the exclusive financial advisor to the Sellers, Express Waste Removal. Allston established a valuation assessment of the Company, assisted with the Buyer’s due diligence, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

Allston Advisory Group is an experienced boutique M&A advisory firm providing a variety of services to lower middle market companies. See our footer for contact information.

(502) 742-2933
[email protected]
P.O. Box 21266, Louisville, KY 40221

Our Newsletter

Follow us: