OMERS Private Equity sells Give & Go to Thomas H. Lee Partners
The sale, which was first announced back in April 2016, was reportedly going to see Give & Go acquired for approximately US$800 million. The terms of the sale, however, were not disclosed.
Founded in 1989 and based in Toronto, Give & Go is a manufacturer of baked goods. Give & Go’s well-known offerings include two-bite, Kimberley’s Bakeshoppe brands, Mason St. Bakehouse, and The Worthy Crumb Pastry Co. brands.
OMERS Private Equity acquired Give & Go in December 2007 from private equity investor Kilmer Capital Partners. Both OPE and Kilmer Capital are members of the Canadian Venture Capital and Private Equity Association.
Under OPE ownership, Give & Go more than doubled U.S. sales by executing on an aggressive expansion plan including the development of important partnerships with many leading supermarket retailers, and gained market share by providing these customers with innovative, on-trend products.
OPE says Give & Go returned approximately three times its original investment.
Additionally, Give & Go made two strategic acquisitions as well as significant capital investments to support its growth.
When OPE announced its plans to sell Give & Co, Managing Director Phillip Mauchel said the transaction would represent the next step in Give & Go’s continued progress. At the time, Mauchel said, “We are proud of our affiliation with the company and its CEO, Joel Flatt and COO, Todd Parsons. We have partnered with Joel and Todd since 2007, helping nearly double operational capacity, add exciting new product lines and expand sales channels in the US.”
OPE says it wishes continued success upon Give & Go’s entire team.
Flatt says the OPE team were great long-term partners and played a vital role in Give & Go’s success over the past decade.