MTY Franchising USA Acquires Wetzel's Pretzels from CenterOak Partners

The Hershey Company Acquires Dot's Pretzels and Pretzels Inc.

November 10, 2021

Food & Beverage

The Hershey Company entered into definitive agreements to acquire Dot's Pretzels LLC and Pretzels Inc., expanding its salty-snacking portfolio and pretzel manufacturing capabilities. The combined transaction is valued at approximately $1.2 billion (about $1.0 billion net of expected tax benefits) and is expected to close by the end of 2021, subject to customary regulatory approvals.

MTY Food Group Acquires South Street Burger

March 21, 2019

Restaurants & Hospitality

MTY Food Group Inc. announced that a wholly-owned subsidiary acquired substantially all of the assets of South Street Burger for approximately $5.1 million. The acquisition (24 franchised and 13 corporate restaurants, including one in Dubai) strengthens MTY's position in the fast-casual/gourmet burger segment and will move South Street Burger operations into MTY's Ontario offices.

Palmex and Benestar Brands Merge; Wind Point Majority, Highlander Retains Minority; Pretzilla Spun Out

December 11, 2023

Food & Beverage

Wind Point Partners’ portfolio company Palmex has merged with Highlander Partners’ portfolio company Benestar Brands to form a combined North American salty-snack platform, with Wind Point as the majority shareholder and Highlander retaining a significant minority stake. Pretzilla, Benestar’s pretzel bread business, was spun out as a standalone entity owned by Highlander and Pretzilla management; the combined business will be led by Jose Luis Prado and will operate eight facilities with more than 1,400 employees.

CenterGate Capital Acquires Teeny Foods with Support from Patriot Capital

September 8, 2021

Food & Beverage

Austin-based private equity firm CenterGate Capital has acquired Teeny Foods, a Portland, Oregon-based developer and contract manufacturer of frozen filled baked snacks and handheld meals. Patriot Capital provided subordinated debt and an equity co-investment to support the transaction; Teeny’s management and founder family will remain involved as CenterGate partners with the business to pursue growth.

Beach Point Capital Management Acquires Controlling Stake in Wet Noses

February 16, 2023

Food & Beverage

Beach Point Capital Management’s Tactical Fund has acquired a controlling stake in Wet Noses, a Seattle-area manufacturer of human‑grade, natural and organic pet food and treats. The transaction, done in partnership with founder Jasmine Galligan (who will return as CEO), will finance expansion of Wet Noses’ manufacturing capacity to meet rising demand and support growth in branded and private‑label contract manufacturing.

Songtradr Acquires Pretzel (live-stream music licensing platform)

April 20, 2021

Media & Entertainment

Songtradr, the B2B music-licensing marketplace, acquired Pretzel, a platform that provides stream-safe, DMCA-resistant music for livestreamers on platforms like Twitch and YouTube. The acquisition expands Songtradr’s tech-enabled solutions and gives Pretzel access to Songtradr’s broader rights management and monetization capabilities.