AUA Private Equity and Avance Invest in Tropical Cheese Industries
December 16, 2024
AUA Private Equity Partners and Avance Investment Management jointly made a significant minority investment in Tropical Cheese Industries, a family-run Hispanic cheese and food brand founded in 1982. The founding Mendez family and Tropical Cheese management will retain a significant minority interest; the investors plan to support national expansion, deepen distribution (direct-store-delivery), and pursue complementary M&A opportunities. Terms were not disclosed.
- Buyers
- AUA Private Equity Partners, LLC, Avance Investment Management
- Targets
- Tropical Cheese Industries, LLC
- Sellers
- Mendez family, Tropical Cheese management team
- Industry
- Food & Beverage
- Location
- New Jersey, United States
- Transaction Type
- Growth capital
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