SouthPac, Skidmore family office make Cinnaroll Bakeries their debut deal

Skidmore Development Group and SouthPac Partners have joined forces in the inaugural deal of both firms, investing in a maker of gourmet cinnamon rolls. Skidmore and SouthPac last week announced their acquisition of Calgary's Cinnaroll Bakeries for an undisclosed sum. The plan is to build on the company's 30 years of growth, Skidmore Managing Director and CFO Jas Boparai and SouthPac Managing Partner Jeremy South told PE Hub Canada. The Cinnaroll deal officially introduces Skidmore, the family office of British Columbia's Thomas Skidmore, and SouthPac, a Vancouver private equity firm, to the market.

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