3 Rivers Capital Acquires Majority Stake in Blue Chip Group

Pittsburgh-based private equity firm 3 Rivers Capital has acquired a majority stake in Salt Lake City–headquartered Blue Chip Group, parent of the Augason Farms emergency preparedness food brand. The investment is intended to provide capital and operational support to expand Blue Chip's dry food and beverage contract manufacturing capacity and scale Augason Farms' retail and e-commerce distribution.