

S18E23: Intro to Casing (8 of 10): Bain M&A Case – Sam’s Peanuts Buy Almond Co?
Jun 23, 2025
29:05
In the eighth episode of our 10-part Intro to Casing series, we explore a Bain-style mergers & acquisitions (M&A) case focused on Sam’s Peanuts, a market leader in snacking peanuts.
With slow growth in their core segment, Sam’s is eyeing an acquisition of Almond Co. to diversify into faster-growing markets.
Follow along as Ed assesses market sizing, break-even timelines, and operational synergies to determine whether this $2B investment is a smart move or a strategic misstep.
Key Takeaways:
- How to structure and lead an M&A case in the Bain interview style
- Approaches for calculating market size and investment payback period
- How to assess strategic fit, operational synergies, and risk factors
Additional Resources
- Consulting prep programs: Black Belt (8+ hours of structured interview coaching, optional resume edit); SuperPrep (20+ hours of end-to-end strategy + coaching, optional resume edit)
- Free consulting application deadlines tracker
- Download a step-by-step Case Prep Plan (free)
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