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New Deal


Announced

Completed

H.I.G. Capital completed the acquisition of Patriot Pickle from Swander Pace Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Friendly

Single Bidder

Food Products

Acquisition

Private

Majority

Private Equity

Completed

United States

refrigerated pickles

Synopsis

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H.I.G. Capital, a global alternative investment firm, completed the acquisition of Patriot Pickle, a manufacturer and distributor of refrigerated pickles, from Swander Pace Capital, a private equity firm. Financial terms were not disclosed. “Managing the complexity and intensity of rapidly growing businesses is hard work but partnering with Swander Pace Capital made this process easier, and we had fun along the way. SPC’s strategic perspective, network, and broader insights were key enablers of the team’s success,” Bill McEntee, Patriot Pickle CEO.

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