Mann Lake Ltd.
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Mann Lake Ltd. - overview
Established
1983
Location
Hackensack, MN, US
Primary Industry
Agribusiness
About
Mann Lake Ltd. is a manufacturer and supplier specializing in a wide variety of beekeeping supplies, catering to both hobbyists and commercial beekeepers through high-quality products and innovative solutions. Founded in 1983 in Hackensack, US, Mann Lake Ltd. specializes in beekeeping supplies, serving both hobbyists and commercial beekeepers.
The company was acquired in November 2018 by Grey Mountain Partners and the management team, with financial terms undisclosed. Mann Lake is a prominent manufacturer and supplier of a comprehensive range of beekeeping supplies that cater to both hobbyist and commercial beekeepers. The company’s core product offerings include live honey bees, queen bees, hive kits, hive components, and various beekeeping tools and accessories, as well as feeding and medication solutions. Their products serve to enhance the efficiency of beekeeping practices, support bee health, and facilitate honey extraction and processing.
Mann Lake's offerings are produced primarily in the United States, emphasizing quality and innovation. Their customer base spans across various geographic markets, notably reaching beekeepers in North America, including states like California, Florida, and Minnesota, where they also provide localized pickup options for live bees. Mann Lake generates revenue through direct sales of its extensive product line, which includes flagship items like the Traditional Complete Hive Kit and various queen bee varieties. The company operates primarily through a direct-to-consumer model, allowing beekeepers to purchase equipment and live bees directly from their website or through retail locations.
Transactions typically involve single product purchases, with prices set for individual items such as the Southern Bred Italian Queen Bee and various hive kits. Customers benefit from promotional offers, including free shipping on orders over a specified amount. This transaction structure supports a diverse clientele, including both first-time beekeepers and established apiaries looking to replenish supplies or expand their operations. Mann Lake Ltd.
is focused on developing new products that enhance beekeeping efficiency, with specific launches planned in the coming years, although no exact dates are provided. The company aims to expand into additional markets beyond North America, targeting regions with growing interest in beekeeping by 2025. The acquisition in November 2018 will support these initiatives, allowing for investments in product development and market expansion.
Current Investors
Grey Mountain Partners
Primary Industry
Agribusiness
Sub Industries
Beauty & Hygiene, Other Animal Husbandry
Website
www.mannlakeltd.com
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Mann Lake Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Stromberg's Unlimited, Inc. | - | ||||||||
| Buyout | Completed | Mann Lake Ltd. | - | ||||||||
| Add-on | Completed | Kelley Beekeeping Company | - |
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