Tilia Holdings Recapitalizes Ever Fresh Fruit Company

Tilia Holdings Acquires Ellison Bakery

August 19, 2020

Food & Beverage

Chicago-based private investment firm Tilia Holdings completed the acquisition of Fort Wayne, Indiana-headquartered Ellison Bakery from the Ellis family and a group of private equity investors including Blackford Capital and Promus Equity Partners. Ellison is a manufacturer of cookies, crunches, inclusions and bars serving retail, foodservice and private label customers; management will remain in place and debt financing was provided by Comerica and others.

Tilia Holdings Acquires NutriScience Innovations

May 4, 2021

Food & Beverage

Chicago-based private equity firm Tilia Holdings completed the acquisition of NutriScience Innovations, a Milford, Connecticut developer and supplier of branded nutritional and specialty ingredients. The sellers on the transaction included Akoya Capital, Lakeview Equity Partners and Greyrock Capital Group; NutriScience's CEO Alan Yengoyan will remain in his role to support the company's next phase of growth.

Tilia Holdings Acquires Proven Partners Group

February 22, 2019

Food & Beverage

Chicago-based private investment firm Tilia Holdings completed its investment in Proven Partners Group (PPG), an Elgin, Illinois-based contract manufacturer and packager of dried and powdered foods, on February 22, 2019. Tilia has installed leadership and board members (Dave Nelson as interim CEO; Suley Muratoglu as President; Ron Markle as CFO) and secured debt financing from LBC Credit Partners to support PPG's growth.

Universal Pure Acquires Stay Fresh Foods

July 1, 2019

Food & Beverage

Universal Pure Holdings LLC (a Tilia Holdings company) acquired Stay Fresh Foods LLC effective July 1, 2019. The deal expands Universal Pure’s high-pressure processing (HPP) capacity and Northeast footprint—adding Stay Fresh’s two SQF Level 3-certified facilities in Meriden, Connecticut and Pennsauken, New Jersey—and brings beverage co-packing and additional value‑added services into the platform.

Tilia Holdings Acquires Wheat Montana

April 30, 2021

Food & Beverage

Chicago-based private investment firm Tilia Holdings completed its acquisition of Wheat Parent, Inc. (doing business as Wheat Montana) from River Associates on April 30, 2021. Wheat Montana, headquartered in Three Forks, Montana, will continue to be led by CEO Laura Carden and the existing management team as Tilia provides capital and board support to expand the company's premium bakery and milled products business.

Vestar Capital and Windhover Capital Recapitalize Titan Frozen Fruit

January 5, 2023

Food & Beverage

Vestar Capital Partners and Windhover Capital provided a recapitalization to Titan Frozen Fruit, a Santa Maria, California-based frozen berry processor and value-added ingredient provider, with management and existing shareholders retaining a significant stake. The investment will provide financial backing to support Titan’s growth, internal expansion projects, product diversification and potential add-on acquisitions.