Private Equity
Arbor Investments said April 16 that it sold Fieldbrook Foods to Wells Enterprises Inc. Financial terms weren’t announced. Fieldbrook, of Dunkirk, New York, makes ice cream and frozen novelty products including ice cream sandwiches, cups, cones and stick novelties.
3 min read · 16 April 2019
Encore Consumer Capital has made an investment in Warwick, Rhode Island-based Tourtellot, a provider of fresh produce to retail grocery customers. No financial terms were disclosed.
2 min read · 15 April 2019
L Catterton has made an investment in Cholula, a provider of hot sauce. No financial terms were disclosed.
2 min read · 15 April 2019
Butterfly Equity agreed to buy Bolthouse Farms, which focuses on making healthy products, from Campbell Soup Co. for $510 million in cash. Bolthouse is Butterfly's fourth investment in food across agriculture, aquaculture, food and beverage products, food distribution and food service. Butterfly operating partner Jeff Dunn will take on the role of Bolthouse's chief executive officer, where he previously worked as president and CEO from 2008 to 2012, when it was acquired by Campbell Soup.
3 min read · 12 April 2019
Ridgemont Equity Partners has acquired New Lenox, Illinois-based Munch's Supply, a wholesale distributor of heating, ventilation and air conditioning equipment, parts and supplies. No financial terms were disclosed. Lincoln International served as financial adviser to Munch’s Supply on the deal while Baird and Livingstone did likewise for Ridgemont.
3 min read · 12 April 2019
MTY Food Group said April 11 that it agreed to buy Papa Murphy's Holdings Inc for $6.45 a share or about $190 million. Papa Murphy's is a franchisor and operator of the Take 'n' Bake pizza brand and one of the largest pizza chains in the United States, that sells fresh, hand-crafted pizzas ready for customers to bake at home. Lee Equity Partners LLC took Papa Murphy’s public in 2014.
10 min read · 11 April 2019
Silas Capital has made an investment in Bellroy, an accessories brand. No financial terms were disclosed.
4 min read · 10 April 2019
Lyons Magnus, a portfolio company of Paine Schwartz Partners, has acquired Beloit, Wisconsin-based TRU Aseptics, a maker of aseptic products. No financial terms were disclosed.
3 min read · 10 April 2019
Sunshine Fitness, which is backed by TSG Consumer Partners, has acquired Anchor Fitness, a Planet Fitness franchisee. No financial terms were disclosed. The MFA Companies was financial adviser to Anchor on the transaction.
2 min read · 09 April 2019
Encore Consumer Capital has made an investment in 4505 Meats, a national pork rind brand. No financial terms were disclosed.
3 min read · 08 April 2019
