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JGB Distributing, Inc.

JGB Distributing, Inc.

November 2010 – JGB Distributing, Inc. (“JGB” or the “Company”) the industry leading distributor of the Invisible Fence pet security product has announced that it has been acquired by Radio Systems Corporation of Knoxville, Tennessee. JGB is based in Chesterland, OH. BellMark Partners, LLC acted as the Company’s financial advisor in connection with the transaction. Radio Systems Corporation, d/b/a PetSafe, engages in the design an d manufacture of pet training, containment, safety, and lifestyle product solutions in the United States. Its products include agility products, kennels and electronic underground fences, bark control systems, remote training products, pet doors, pet identification collars, pet proofing and locating systems, waste removal and wellness products, and pet feeders. Radio Systems, based in Knoxville, Tennessee, is a portfolio company of TSG Consumer Partners of San Francisco, CA. BellMark Partners, LLC is a boutique investment banking firm focused on providing advisory services to middle market and lower middle market companies in the consumer products, industrial, healthcare, and business services industries. BellMark Partners, LLC provides advice to family businesses, entrepreneurial or closely-held companies, private equity-owned companies, and small-cap public companies. Services include: mergers and acquisitions, strategic alternatives review s, restructurings, and valuation & fairness opinions. Download as...

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BellMark Partners LLC 3rd Quarter M&A Update

M&A Market Update The U.S. M&A market continues to show signs of improvement for the nine month period ending 2010 versus the same period in 2009: Total deal volume increased approximately 36% from 6,279 deals in 2009 to 8,550 deals in 2010 Total dollar value of M&A deals increased approximately 39% from $348 billion in 2009 to $483 billion in 2010 Total leveraged buyout deal volume increased approximately 69% from 679 deals in 2009 to 1,147 deals in 2010 Total leveraged buyout deal value increased approximately 172% from $44 billion in 2009 to $120 billion in 2010 While significantly below the peak M&A activity levels seen in 2007 and the first half of 2008, the uptick has been largely attributable to slow, but improving economic conditions, recovering credit markets, and increasing capital availability from corporations and private equity firms. These factors should continue to drive market improvement. U.S. Economic Recovery The U.S. economic recovery from the “Great Recession” can be characterized as slow and volatile. Strong corporate earnings coupled with extraordinary governmental stimulus measures have been offset by high unemployment rates, lackluster consumer spending patterns, and declining housing markets. While fears of a second recession have largely subsided, the economic outlook remains uncertain: 1.) GDP growth remains below historical norms at approximately 2%; 2.) inventory restocking which drove recent corporate earnings is not expected to continue beyond 2010 according to a November 2010 publication by the National Bureau of Business Economists; 3.) commodity prices are expected to increase compressing future profit margins according to an October 2010 release by the USDA. As such, the Federal Reserve has announced another round of economic stimulus measures, including a $600 billion quantitative easing program, designed to lower long-term interest rates and increase spending. Unprecedented Cash Availability Corporations and private equity firms have record amounts of capital available for acquisitions. According to a Wall Street Journal article on October 4, 2010, the 500 largest U.S. corporations (excluding financial firms) currently hold approximately $1 trillion in cash and short-term investments, equal to approximately 10% of total assets representing the largest such percentage of cash over the past 40 years. Additionally, private equity firms have...

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JGB Distributing, Inc. Deal Announcement

November 2010 – JGB Distributing, Inc. (“JGB” or the “Company”) the industry leading distributor of the Invisible Fence pet security product has announced that it has been acquired by Radio Systems Corporation of Knoxville, Tennessee. JGB is based in Chesterland, OH. BellMark Partners, LLC acted as the Company’s financial advisor in connection with the transaction. Radio Systems Corporation, d/b/a PetSafe, engages in the design an d manufacture of pet training, containment, safety, and lifestyle product solutions in the United States. Its products include agility products, kennels and electronic underground fences, bark control systems, remote training products, pet doors, pet identification collars, pet proofing and locating systems, waste removal and wellness products, and pet feeders. Radio Systems, based in Knoxville, Tennessee, is a portfolio company of TSG Consumer Partners of San Francisco, CA. BellMark Partners, LLC is a boutique investment banking firm focused on providing advisory services to middle market and lower middle market companies in the consumer products, industrial, healthcare, and business services industries. BellMark Partners, LLC provides advice to family businesses, entrepreneurial or closely-held companies, private equity-owned companies, and small-cap public companies. Services include: mergers and acquisitions, strategic alternatives review s, restructurings, and valuation & fairness opinions. Download as...

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