Butterfly Equity Acquires Majority Stake in Chosen Foods

Butterfly Equity Acquires Milk Specialties Global from American Securities

December 23, 2022

Food & Beverage

Butterfly, a Los Angeles-based private equity firm focused on the food sector, has entered into a definitive agreement to acquire Milk Specialties Global, a vertically integrated manufacturer of dairy-based human and animal nutrition ingredients, from affiliates of American Securities. The transaction, terms undisclosed, is expected to close in Q1 2023 and the Milk Specialties leadership team, led by CEO David Lenzmeier, will remain in place.

Butterfly Equity Acquires Bolthouse Farms from Campbell Soup Company for $510 million

June 17, 2019

Food & Beverage

Butterfly Equity, a Los Angeles-based private equity firm focused on the food sector, agreed to acquire Bolthouse Farms from Campbell Soup Company for $510 million in cash. Bolthouse Farms, founded in 1915 and headquartered in Bakersfield and Santa Monica, California, is a vertically integrated producer of fresh carrots, refrigerated premium beverages and refrigerated salad dressings with approximately 2,200 employees; Butterfly named Jeff Dunn as CEO following the transaction.

Butterfly Equity Acquires Majority Stake in Orgain

November 8, 2019

Food & Beverage

Butterfly Equity has signed a definitive agreement to acquire a majority stake in Orgain, a Los Angeles-area private equity firm said in a press release. Ontario Teachers' Pension Plan will join as a minority investor, and Orgain founder Dr. Andrew Abraham will retain a significant minority stake and remain CEO; the partnership is intended to scale the brand, accelerate product innovation and expand global distribution.

Butterfly Acquires Majority Stake in Pete and Gerry's Organics

May 4, 2021

Food & Beverage

Los Angeles-based private equity firm Butterfly has acquired a majority stake in Pete and Gerry's Organics, the leading U.S. producer of organic, free-range and pasture-raised eggs. British Columbia Investment Management Corporation (BCI) joins as a new minority investor and Pete and Gerry's CEO Jesse Laflamme will retain an ownership stake and continue to lead the company.

Equilibrium and Butterfly-Led Consortium Invest in Pacifico Aquaculture to Fund Nursery Build-Out

November 1, 2023

Food & Beverage

Pacifico Aquaculture received project financing from Equilibrium Capital and a significant equity investment from a consortium led by Butterfly Equity alongside a leading U.S. public pension fund. The financing will fully fund a state-of-the-art nursery in Baja California and provide runway to scale Pacifico's ocean-raised striped bass production toward an additional 20,000 metric tons of annual capacity.

Butterfly Equity Acquires ePac Flexible Packaging

January 16, 2026

Manufacturing

Butterfly Equity has completed its acquisition of ePac Holdings, the San Diego–headquartered digitally printed flexible packaging provider, from an investor consortium that included Amcor and Indevco North America; financial terms were not disclosed. The deal establishes ePac as Butterfly’s first platform investment in packaging and keeps incumbent management (including CEO and co‑founder Virag Patel) in place with a significant retained ownership stake as Butterfly backs ePac’s growth across its 14 North American facilities and its proprietary ePacONE technology.