Consumer & Retail | Mergers & Acquisitions

Central Garden & Pet Acquires Gulfstream

  • Central Garden & Pet Company (NASDAQ: CENT) is a leading marketer and producer of branded products for the pet and lawn and garden supplies markets with a market value of $900 million
  • Central Garden retained TM Capital as advisor regarding the proposed acquisition of Gulfstream Home & Garden, Inc. including its 20% interest in Tech Pac, L.L.C.
  • Gulfstream is the exclusive marketer of leading garden product brands Sevin®, Over’n Out!®, and RooTone®, which are supplied by Tech Pac
  • TM Capital assisted Central Garden in negotiating and completing the acquisition of Gulfstream for $22 million plus certain additional payments based on performance

Client Testimonial

“Central Garden & Pet is very active, with over 50 acquisitions. I have both worked with and observed the work of many investment banks, among them some of Wall Street’s most recognized names. The work that TM Capital did on our behalf on a very complex recent transaction was, in all respects, extraordinary. Our TM Capital team was both proactive and highly creative. Their attention to us throughout what proved to be a very time consuming and lengthy engagement was remarkable. In addition, their professionalism and skill earned them the trust of the individuals on the other side of the transaction. As a result of their work, TM Capital has earned a place at the top of our most trusted advisors.””
 William E. Brown, Chairman, Central Garden & Pet