Gilman Cheese Merges with Dairyfood USA (PE add-on)

Borgman Capital Acquires Dairyfood USA as Add-on to Gilman Cheese

May 31, 2022

Food & Beverage

Milwaukee private equity firm Borgman Capital completed the add-on acquisition of Dairyfood USA, a specialty extended shelf-life cheese processor headquartered in Blue Mounds, Wisconsin. The acquisition will be integrated with Borgman’s platform company Gilman Cheese Corporation to expand product mix, increase production capacity and realize synergies across retail, foodservice and transportation customers.

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.

GlacierPoint Enterprises Partners with Gillette Creamery

June 21, 2022

Food & Beverage

GlacierPoint Enterprises, a portfolio company of Mill Point Capital, has partnered with Gillette Creamery, a family-owned direct-store-delivery distributor headquartered in Gardiner, New York. The transaction adds Gillette to the GlacierPoint platform to expand frozen food and ice cream distribution capacity across Eastern New York and neighboring states, while the Gillette family will remain involved in operations.

Schuman Cheese Acquires Trugman-Nash LLC

October 31, 2024

Food & Beverage

Schuman Cheese, a fourth-generation family-owned specialty cheese importer and maker, has acquired Trugman-Nash LLC from Allied Dairy, Inc., gaining ownership of the Old Croc Australian cheddar brand and exclusive U.S. distribution rights for Organic Herd British cheddar brands. The deal expands Schuman's premium cheese portfolio and strengthens its retail presence in the U.S. specialty cheese market.

Centre Partners Invests in Wisconsin Cheese Group

October 21, 2019

Food & Beverage

Centre Partners, a middle-market private equity firm, has made an investment in Wisconsin Cheese Group Holding, LLC (WCG), a manufacturer of branded and private-label Hispanic food products. Financial terms were not disclosed; Centre has installed Brian McInerney as CEO and Danette Bucsko as CFO to support expansion into new channels, categories and customers.

Heartisan Foods Acquires North Country Packaging

September 8, 2023

Food & Beverage

Heartisan Foods, a Ronin Equity Partners-backed specialty cheese platform, has acquired North Country Packaging, a Barron County maker of cheese spreads and curds. The deal will triple Heartisan's manufacturing capacity, expand fulfillment for its Cheese Brothers e-commerce brand, and support new product launches; North Country co-founders Kendall and Maria Goossen will retain a meaningful stake in the combined business.