Solina Acquires Advanced Food Systems (AFS)

Solina Acquires Asenzya Inc.

November 9, 2021

Food & Beverage

Solina, a European savoury ingredients leader backed by private equity firm Astorg, has completed the acquisition of Asenzya Inc., a custom dry seasoning and flavour solutions provider headquartered in Oak Creek, Wisconsin. The deal gives Solina its first direct presence in the United States and expands its North American capabilities and customer reach; Asenzya has about 145 employees and annual sales of roughly $50 million.

Solina Acquires Food Compounds B.V.

October 6, 2021

Food & Beverage

French savoury-ingredients group Solina (majority-owned by PE firm Astorg) has completed the acquisition of Food Compounds B.V., a Netherlands-based specialist in powder-based premixes and coating systems for potato processors. The deal strengthens Solina's coating expertise and R&D capabilities as part of its ongoing expansion strategy; financial terms were not disclosed.

OceanSound Partners Acquires Automated Financial Systems

February 19, 2026

Software

OceanSound Partners, a New York-based private equity firm, has acquired Automated Financial Systems (AFS), a provider of commercial loan servicing and loan lifecycle management software. The deal will support accelerated product innovation, increased investment in sales and customer support, and AFS appointed Edward Jenkins as CEO to lead the company’s growth and modernization efforts.

Solina Acquires Sokol Custom Food Ingredients

February 6, 2025

Food & Beverage

Solina, a France-based global food-ingredients partner, has acquired U.S.-based Sokol Custom Food Ingredients, a Countryside, Illinois manufacturer of custom sweet and savoury sauces. The deal strengthens Solina USA's sweet-sauce capabilities, increases capacity and scale in the Midwest, and continues Solina's expansion in North America; Sokol was owned by Burlington Capital Partners prior to the sale.

Solina Acquires Saratoga Food Specialties

October 4, 2022

Food & Beverage

Solina, a France-based producer of savoury ingredient solutions, has signed an agreement to acquire Saratoga Food Specialties to accelerate its North American expansion. The deal (subject to regulatory approval) will add Saratoga's liquid-sauce capabilities, three U.S. manufacturing sites and approximately 500 employees to Solina's North American footprint.

Persona-Triangle Acquires Advanced Facility Solutions

January 2, 2025

Industrial Services

Persona-Triangle, a portfolio company of Exeter Street Capital Partners (Exeter Image Holdings, LLC), has acquired Advanced Facility Solutions (AFS), a Saddle Brook, New Jersey-based provider of facilities maintenance and construction services. The add-on acquisition expands Persona-Triangle's turnkey facility services capabilities and will leverage Persona-Triangle's scale to accelerate AFS's growth; the transaction was financed with senior debt from Enterprise Bank and Trust.