Case Study: Phillips Feed & Pet Supply
See how M&T Bank helped the largest distributor of pet foods and supplies in the East Coast through a complex recapitalization.
Seller’s Company Description
Largest distributor of pet foods and supplies on the East Coast
Recapitalization
AEA and Supply Chain Equity Partners
M&T’s Role
Sell-side advisor
Deal Highlights
- Stepped into a situation with a private equity sponsor bid on the table
- Ultimately increased valuation substantially over the initial bid
- Wrote marketing materials that positioned the company’s history, strategy and financial performance as the premier platform in the space
- Led a marketing process that received intense interest from private equity funds and resulted in a significant number of attractive options
- Orchestrated comprehensive responses to due diligence requests to preserve significant shareholder value