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Potomac Family Dining Group

Potomac Family Dining Group

GLENDALE, Calif. (AP) — Restaurant operator DineEquity Inc. said Tuesday that it plans to sell 39 of its company-owned Applebee’s restaurants in Virginia to Potomac Family Dining Group for net proceeds of $25 million. DineEquity, which owns the Applebee’s Neighborhood Grill & Bar and IHOP Restaurants chains, expects the deal will close in the third quarter of 2012. DineEquity, based in Glendale, Calif., acquired Applebee’s International in 2007 and has tried to shift more of its restaurants into the hands of franchisees to lower its costs and increase its revenue from franchise fees and royalties. The company has sold a total of 342 company-owned Applebee’s since the acquisition. When this latest deal is done, 96 percent of its restaurants will be franchised, which frees up the company’s cash to pay down debt. Potomac Family Dining Group, which was created in 2010 to acquire Applebee’s restaurants, operates franchised restaurants in the Washington, D.C., and Virginia area. DineEquity said it will update its full-year financial guidance once the deal is complete. The company reported earlier in the day that it moved to a profit for its fiscal fourth quarter after paying down debt and making other moves that helped it avoid a repeat of a large quarterly loss a year earlier. The company’s shares rose $3.35, nearly 7 percent, to close at $51.93. 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. BellMark provides advisory services with respect to: mergers and acquisitions, strategic alternatives reviews, restructurings and valuations & fairness opinions. Download as...

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Potomac Family Dining Group Deal Announcement

GLENDALE, Calif. (AP) — Restaurant operator DineEquity Inc. said Tuesday that it plans to sell 39 of its company-owned Applebee’s restaurants in Virginia to Potomac Family Dining Group for net proceeds of $25 million. DineEquity, which owns the Applebee’s Neighborhood Grill & Bar and IHOP Restaurants chains, expects the deal will close in the third quarter of 2012. DineEquity, based in Glendale, Calif., acquired Applebee’s International in 2007 and has tried to shift more of its restaurants into the hands of franchisees to lower its costs and increase its revenue from franchise fees and royalties. The company has sold a total of 342 company-owned Applebee’s since the acquisition. When this latest deal is done, 96 percent of its restaurants will be franchised, which frees up the company’s cash to pay down debt. Potomac Family Dining Group, which was created in 2010 to acquire Applebee’s restaurants, operates franchised restaurants in the Washington, D.C., and Virginia area. DineEquity said it will update its full-year financial guidance once the deal is complete. The company reported earlier in the day that it moved to a profit for its fiscal fourth quarter after paying down debt and making other moves that helped it avoid a repeat of a large quarterly loss a year earlier. The company’s shares rose $3.35, nearly 7 percent, to close at $51.93. 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. BellMark provides advisory services with respect to: mergers and acquisitions, strategic alternatives reviews, restructurings and valuations & fairness opinions. Download as...

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NEHP, Inc.

NEHP, Inc.

Sequel Industrial Products, Inc., a holding company operating industrial infrastructure businesses, and serving manufacturing, research, chemical processing, and other industries globally, today announced on September 28th that it acquired FreshTracks II portfolio company NEHP. The partnership between NEHP and its new affiliates will allow the company to accelerate growth and profitability in key industries. NEHP’s headquarters and a significant amount of its workforce will continue to be based in Vermont, with satellite offices in AZ, OR, and NY. “This is a great step forward in our company’s history,” indicated Adam Tarr, President of NEHP, “as well as a significant and positive event for NEHP employees, shareholders, and for Vermont”. Tarr went on to say, “The partnership with Sequel and our new affiliates provides NEHP the infrastructure and capital it needs to continue along its aggressive growth trajectory. We have worked closely with some of these companies, I have long respected them and their good work, and I couldn’t be happier about how this partnership came together.” Cairn Cross, Board Member of NEHP and Managing Director of FreshTracks Capital, an NEHP investor, commented, “This transaction is a great testament to the hard work and remarkable results that Adam and his team have generated at NEHP since we invested in the company back in 2007. The revenue growth the company has recognized and its transition to profitability during some difficult economic times has been impressive.” The affiliated companies within Sequel share a high-profile client list which has included work with many of the top semiconductor, biomedical, chemical and research companies and institutions in the world. The combination of these fast-growing, strongly profitable companies in this industry creates an opportunity for NEHP to provide its clients with an even broader and more impressive product and customer experience in these markets. Cross commented, “FreshTracks is excited for more great things to come from NEHP and their new affiliates.” Bellmark Partners of Cleveland Ohio acted as an advisor to the sellers. 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...

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NEHP, Inc. Deal Announcment

Sequel Industrial Products, Inc., a holding company operating industrial infrastructure businesses, and serving manufacturing, research, chemical processing, and other industries globally, today announced on September 28th that it acquired FreshTracks II portfolio company NEHP. The partnership between NEHP and its new affiliates will allow the company to accelerate growth and profitability in key industries. NEHP’s headquarters and a significant amount of its workforce will continue to be based in Vermont, with satellite offices in AZ, OR, and NY. “This is a great step forward in our company’s history,” indicated Adam Tarr, President of NEHP, “as well as a significant and positive event for NEHP employees, shareholders, and for Vermont”. Tarr went on to say, “The partnership with Sequel and our new affiliates provides NEHP the infrastructure and capital it needs to continue along its aggressive growth trajectory. We have worked closely with some of these companies, I have long respected them and their good work, and I couldn’t be happier about how this partnership came together.” Cairn Cross, Board Member of NEHP and Managing Director of FreshTracks Capital, an NEHP investor, commented, “This transaction is a great testament to the hard work and remarkable results that Adam and his team have generated at NEHP since we invested in the company back in 2007. The revenue growth the company has recognized and its transition to profitability during some difficult economic times has been impressive.” The affiliated companies within Sequel share a high-profile client list which has included work with many of the top semiconductor, biomedical, chemical and research companies and institutions in the world. The combination of these fast-growing, strongly profitable companies in this industry creates an opportunity for NEHP to provide its clients with an even broader and more impressive product and customer experience in these markets. Cross commented, “FreshTracks is excited for more great things to come from NEHP and their new affiliates.” Bellmark Partners of Cleveland Ohio acted as an advisor to the sellers. 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...

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