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Satellite Logistics Group Acquired by JF Hillebrand

Tuesday, November 26, 2013

William Blair & Company acted as the exclusive financial advisor to Satellite Logistics Group (SLG), a portfolio company of Morgenthaler Private Equity, in connection with its sale to JF Hillebrand. The cross-border transaction closed on November 15, 2013, and represents the seventh route-based services and 17th supply chain services transaction in the last two years for William Blair’s services group.

Transaction Highlights

  • Global Reach:  William Blair marketed SLG to strategic and financial buyers worldwide.  As a result of the extensive William Blair marketing process, JF Hillebrand emerged as the ideal strategic acquirer for SLG, providing both compelling commercial logic for the transaction and an aligned business culture.
  • Execution Excellence:  After identifying a broad set of highly interested potential acquirers, William Blair’s transaction team coordinated a robust due diligence process, and successfully led a negotiation of key transaction terms. Throughout the process, the transaction team was able to maintain confidentiality and minimize competitive disruption to SLGs business.
  • Deep Sector Knowledge:  Morgenthaler and SLG were attracted to William Blair’s extensive knowledge and experience in the technology-enabled, route-based services and logistics and supply chain services industries, as well as key relationships with likely strategic and financial acquirers to facilitate a highly competitive process and maximize value.
  • Trusted Guidance:  William Blair’s senior deal team was integrally involved in each step of the transaction process and facilitated an exceptional outcome for Morgenthaler and SLG.

About the Companies

SLG is a category-creating provider of non-asset-based logistics and supply chain management services to the North American beer and beverage market.  Through its comprehensive service offerings, the Company has built a highly impressive client base of more than 140 beer brands.  The Company is a category pioneer, having created a transformational business model that drives substantial, quantifiable economic and operational efficiencies for its clients and the distributors of its clients’ products.

Morgenthaler Private Equity has two primary target investment areas: high-value manufacturing and proprietary business services. Morgenthaler is a leading private equity and venture capital firm, with approximately $3 billion under management and investments in more than 300 companies.

JF Hillebrand combines expert staff, specialist knowledge and market-leading technologies to offer a complete beverage logistics management solution to customers across the globe.  JF Hillebrand’s global network assures customers of a single set of world-class service standards, while its innovative systems and solutions add tangible value to its customers.