Combined Caterers Acquired by CCMP Growth Advisors
Deal News | Dec 03, 2024 | Falfurrias Capital
CCMP Growth Advisors, a middle-market private equity firm, has acquired Combined Caterers, a leading premium event management and catering services provider in the Southeast. The acquisition sees CCMP Growth collaborating with the existing management team, led by CEO Justin King and CFO/COO Melissa Sutherland, who will remain as significant shareholders. The purchase marks the exit of Falfurrias Capital Partners from its investment in Combined Caterers. The company, with its diversified portfolio of local catering brands across multiple cities, has exhibited a sound growth trajectory through strategic acquisitions and exclusive venue offerings. CCMP Growth plans to leverage its industry expertise to further accelerate Combined Caterers’ market growth across the Southeast, positioning it as a premier independent event management platform.
Sectors
- Private Equity
- Event Management and Catering
- Food Services
Geography
- United States – The acquisition involves companies headquartered in Charlotte, NC, and New York, NY, thereby focusing on the U.S. market.
- Southeast United States – Combined Caterers operates primarily in the Southeast U.S., with brands located in North Carolina and South Carolina.
Industry
- Private Equity – This industry involves investments made in private companies by PE firms like CCMP Growth Advisors, focusing on growth-oriented middle-market companies.
- Event Management and Catering – Combined Caterers operates in this industry by providing upscale catering services for weddings, corporate events, and galas, serving as the target company in this acquisition.
- Food Services – As a premium caterer, Combined Caterers is involved in the food services industry, providing high-quality service and food for various events.
Financials
- Not disclosed – Financial terms of the acquisition were not revealed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CCMP Growth Advisors, LP | Acquirer | Company | A private equity firm focusing on middle-market companies in North America. |
| Combined Caterers | Target | Company | A premium event management and catering services company operating in the Southeast. |
| Falfurrias Capital Partners | Seller | Company | The previous investor in Combined Caterers that exited as part of this transaction. |
| Justin King | Chief Executive Officer | Person | CEO of Combined Caterers, continuing leadership post-acquisition. |
| Melissa Sutherland | Chief Financial Officer and Chief Operating Officer | Person | CFO/COO of Combined Caterers, continuing leadership post-acquisition. |
| Patrick McGrath | Managing Director | Person | A Managing Director at CCMP Growth Advisors involved in the acquisition. |
| Ropes & Gray | Legal Advisor | Company | Provided legal advisory services to CCMP Growth Advisors. |
| Stifel | Financial Advisor | Company | Served as the exclusive financial advisor to CCMP Growth Advisors. |
| Piper Sandler Companies | Debt Advisor | Company | Served as the exclusive debt advisor to CCMP Growth Advisors. |
| William Blair & Company, LLC | Financial Advisor | Company | Acted as a financial advisor to Combined Caterers. |
| McGuireWoods LLP | Legal Advisor | Company | Provided legal advisory services to Combined Caterers. |