New Heritage Capital Invests in Welcome Dairy

Welcome Dairy Holdings Acquires North Star Processing

July 9, 2021

Food & Beverage

Welcome Dairy Holdings, a New Heritage Capital portfolio company, has acquired North Star Processing, a spray-drying specialist for the food ingredient industry. The add-on brings in-house spray drying capabilities to Welcome, expanding its ingredient manufacturing services from flavor formulation through full-scale production.

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.

Prairie Capital VII Recapitalizes Forever Cheese

November 1, 2021

Food & Beverage

Prairie Capital VII, LP partnered with industry executives Tyler Hawes and Eric Vorchheimer and Forever Cheese co-founders Michele Buster and Pierluigi Sini in a recapitalization of Forever Cheese in November 2021. Forever Cheese, headquartered in New York, is an importer and distributor of specialty cheeses and gourmet foods; the recapitalization will support company-building investments in sales & marketing, technology, human capital and add-on acquisitions.

New Heritage Capital Invests in DeWinter Group

March 9, 2020

Staffing & HR

New Heritage Capital, a Boston-based private equity firm, made a platform investment in Northern California-based DeWinter Group, a provider of temporary and permanent staffing solutions focused on finance, accounting and information technology. The deal was structured using Heritage's Private IPO solution, providing liquidity and growth capital while leaving operating control with the reinvesting owners to accelerate the company's future growth.

Riverarch Equity Partners Invests in Hill Country Dairies

July 31, 2024

Food & Beverage

Riverarch Equity Partners has made a majority investment in Hill Country Dairies (HCD), a Texas-based full-service dairy distributor serving foodservice customers through a high-touch DSD model. Riverarch will take board seats and partner with HCD’s management to accelerate growth through product, geographic, and service-line expansion, supported by senior debt from Principal Asset Management and Manulife Investment Management.

New Heritage Capital Invests in Icelandirect

August 11, 2021

Food & Beverage

Boston-based private equity firm New Heritage Capital made a platform investment in Icelandirect, a Clifton, New Jersey-based importer, manufacturer and packager of marine oils and nutraceutical products. The transaction was completed through Heritage's Private IPO structure, allowing Icelandirect's co-founders to reinvest and retain operating control while providing liquidity and capital to expand the company's ingredient offering and in-house capabilities.