Brothers International Acquires Food Partners

Brothers International Food (Benford Capital) Acquires Dennick FruitSource

December 2, 2021

Food & Beverage

Benford Capital-backed Brothers International Food, LLC completed the acquisition of Dennick FruitSource, LLC, a Tampa-based supplier of tropical fruit juices, concentrates, and purees. The add-on expands Brothers' B2B fruit ingredients portfolio, broadens its customer base and supplier network, and will leave both businesses operating under their existing names in Rochester, NY and Tampa, FL.

Benford Capital Recapitalizes Brothers International Food Corporation

December 31, 2020

Food & Beverage

Chicago-based private equity firm Benford Capital Partners completed a recapitalization of Brothers International Food Corporation, partnering with founder and CEO Travis Betters who will remain in place. The capital will be used to invest in sales, marketing, R&D and new product development across Brothers' ingredients and Brothers All-Natural divisions, and to pursue add-on acquisitions in the healthy snacks and food ingredients space.

Brothers International Acquires Hosh International

April 18, 2023

Food & Beverage

Benford Capital Partners' portfolio company Brothers International has acquired Hosh International, adding a B2B fruit and vegetable juice concentrate and puree supplier to its ingredients platform. Emad Hosh will remain as a minority owner and both businesses will continue operating under their respective names while Benford/Brothers pursue further add-on consolidation and invest in growth initiatives.

GrubMarket Acquires Brothers Produce

July 8, 2024

Food & Beverage

GrubMarket has completed the acquisition of Houston-based Brothers Produce, a major foodservice distributor operating three distribution centers across Texas and serving more than 6,000 customers across the Southwestern U.S. Brothers Produce's temperature-controlled warehousing and fleet of refrigerated vehicles will be integrated with GrubMarket's AI-powered WholesaleWare ERP and logistics platform to expand GrubMarket's footprint and capabilities in Texas and the surrounding region.

Heartwood Partners Invests in Bush Brothers Provision Co.

December 14, 2023

Food & Beverage

Heartwood Partners (Heartwood Partners IV, LP) completed an investment in Bush Brothers Provision Co., a fifth-generation, family-owned meat packing and distribution business headquartered in West Palm Beach, Florida. The transaction (completed July 7, 2023) will support capacity expansion and growth as the Bush family retains a meaningful equity stake while partnering with Heartwood to scale production and broaden customer reach.

Performance Food Group Acquires Cheney Bros. for $2.1B

September 3, 2024

Food & Beverage

Performance Food Group (PFG) has acquired Cheney Bros., Inc., a leading independent broadline foodservice distributor based in Riviera Beach, Florida, for $2.1 billion in cash. The deal adds approximately $3.2 billion of annual revenue, ~3,600 employees and five distribution centers in the U.S. Southeast, and PFG expects about $50 million of annual run-rate synergies primarily from procurement, operations and logistics.