Tecum Capital Invests in DelGrosso Foods to Fund Manufacturing Expansion

Rudolph Capital Acquires DeIorio Foods from LaSalle Capital

July 24, 2019

Food & Beverage

Rudolph Capital has acquired DeIorio Foods, Inc., a Utica, New York-based manufacturer of premium frozen dough products, from LaSalle Capital. DeIorio, which employs over 200 people, expanded nationally under LaSalle's ownership—growing sales in foodservice and retail and adding capabilities such as gluten-free and plant-based products—while Rudolph Capital intends to pursue further growth opportunities.

TowerBrook Capital Partners Makes Majority Investment in Demakes Enterprises

December 14, 2023

Food & Beverage

TowerBrook Capital Partners has made a majority equity investment in Demakes Enterprises, a Lynn, Massachusetts-based manufacturer of specialty protein and deli products. The Demakes family will retain a significant minority stake and the transaction was financed by funds managed by the Credit Group of Ares Management alongside other credit partners; TowerBrook intends to scale the business organically and via targeted acquisitions to expand distribution and product reach.

Encore Consumer Capital Acquires DeIorio (DeIorio Foods)

October 28, 2024

Consumer Products

Encore Consumer Capital has acquired DeIorio (DeIorio Foods/DeIorio, LLC), a Utica, New York-based manufacturer of specialty frozen pizza dough products, from Rudolph Capital. DeIorio employs over 300 people and Encore plans to invest in capacity and capabilities while pursuing add-on acquisitions to build out a frozen-dough platform serving foodservice, convenience and retail customers across North America.

Borgman Capital and Tecum Capital Recapitalize Gilman Cheese Corporation

March 8, 2019

Food & Beverage

Borgman Capital completed a majority recapitalization of Gilman Cheese Corporation with subordinated debt and equity provided by Tecum Capital Partners; Johnson Bank provided senior debt and Midwest Growth Partners provided equity. Terms were not disclosed; Tom and Char Hand reinvested a significant amount of equity and Tom Hand remains CEO as the new investor group executes a collective growth strategy for the Gilman, Wisconsin–based processed cheese manufacturer.

Tilia Holdings Acquires Caputo Cheese from Promus Equity Partners

July 17, 2025

Food & Beverage

Chicago-based private investment firm Tilia Holdings has acquired Caputo Cheese, a Melrose Park, Illinois value-added processor of high-quality Italian cheeses, from Promus Equity Partners (transaction closed June 30, 2025). Monroe Capital provided the senior credit facility and an equity co-investment to support the acquisition; Natale Caputo will continue to lead the company as Tilia looks to scale Caputo's manufacturing and national distribution capabilities.

Tecum Capital Makes Growth Investment in JD Palatine

October 6, 2021

Staffing & HR

Tecum Capital Partners has made a growth investment in JD Palatine LLC, a U.S.-based, technology-enabled business process outsourcing provider focused on background and employment screening. First Commonwealth Bank provided senior debt financing alongside Tecum; JD Palatine’s founder and CEO Chad Killian will remain in place as the company pursues expansion with new capital and strategic support.