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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