CREO Capital Partners Acquires Bova Fresh

Ferraro Foods Acquires Cremosa Food Company (and New Cremflora Foods)

January 28, 2021

Food & Beverage

Ferraro Foods has acquired Cremosa Food Company and New Cremflora Foods, bringing the two family-owned pizza- and restaurant-focused distributors into the Ferraro Foods platform. The deal expands Ferraro's footprint and product offering along the East Coast, combining legacy family brands and refrigerated distribution capabilities based in Melville, New York and Ocala, Florida.

Flagship Food Group (CREO) Acquires Majority Stake in La Tortilla Factory

January 28, 2021

Food & Beverage

Flagship Food Group, a CREO Capital Partners-backed food platform, has invested in La Tortilla Factory and become the company's majority stakeholder while members of the Tamayo family remain partners. The transaction, which closed January 27, 2021, will support La Tortilla Factory's growth strategy as the brand expands its premium, better-for-you tortilla and Mexican foods offerings; terms were not disclosed.

Grant Avenue Capital Recapitalizes CREO, Inc.

September 6, 2023

Healthcare Services

Grant Avenue Capital has completed a recapitalization investment in CREO, Inc., a Durham, North Carolina-based life sciences and healthcare consulting firm. The founders, Susan Acker-Walsh and Mike Townley, remain significant owners as the investment will accelerate growth and expand CREO's consulting and advisory service offerings.

Flagship Food Group (with CREO Capital) Acquires Yucatan Foods

February 8, 2023

Food & Beverage

Flagship Food Group, with co-investor CREO Capital Partners, has acquired Yucatan Foods, adding the Yucatan and Cabo Fresh guacamole and dips brands and a 97,000 sq. ft. manufacturing facility in Silao, Mexico to its portfolio. The deal expands Flagship's refrigerated/deli/produce offerings, strengthens its Hispanic and Southwestern product set, and supports vertical integration and cross-promotional opportunities with its existing brands.

FreshEdge (backed by Rotunda Capital) Acquires Leonardo's Produce

January 5, 2021

Food & Beverage

FreshEdge, the Rotunda Capital Partners-backed fresh food distribution platform, has acquired Leonardo's Produce, a Detroit-based distributor of fresh produce and specialty products. The add-on deal (closed December 31, 2020) expands FreshEdge's presence and service offerings in Michigan and northern Ohio and strengthens its value-added fresh-cut and specialty capabilities.

Cerealto Makes Majority Investment in Fresca Foods

November 4, 2025

Food & Beverage

Spanish food manufacturer Cerealto has made a majority investment in Fresca Foods, a Colorado-based co-manufacturer of natural and organic snacks. Cerealto will hold a controlling stake while Fresca’s U.S. leadership team remains significant shareholders and continues to run day-to-day operations; the partnership establishes a substantive U.S. manufacturing presence to accelerate growth in the natural and organic snacking market.