Champlain-Led Investor Group Acquires Majority Stake in Wong Wing Foods, Forms MLW Foods with McCain

Frontenac Partners with Prime Food Processing & Chan & Chan (CCI Prime)

October 19, 2023

Food & Beverage

Chicago-based private equity firm Frontenac has made a growth investment in Prime Food Processing and Chan & Chan, Inc. (together, CCI Prime), a 30+ year-old manufacturer and importer of Asian-style frozen foods. Founder Albert Chan will retain a significant ownership stake and remain CEO as Frontenac supports expansion of CCI Prime’s Asian cuisine offerings into mainstream retail while continuing to serve the ethnic grocery channel.

Westcap Invests in Fit Foods LP

February 4, 2026

Food & Beverage

Westcap Mgt. Ltd., through its Westcap MBO III fund, completed an investment in Fit Foods LP, a Canadian manufacturer and distributor of sports nutrition and healthy-living supplement brands including MUTANT, Pure Vita Labs, Whey Gourmet and North Coast Naturals. The deal positions Fit Foods as a platform for Westcap to support growth and expansion while founder Jim McMahon remains an ongoing shareholder and the company continues operating from its Port Coquitlam, British Columbia manufacturing and warehousing facilities.

Champlain Financial Corporation and GefCo Acquire Naya Waters from L Catterton Partners

March 22, 2021

Food & Beverage

Champlain Financial Corporation and GefCo have acquired Naya Waters from L Catterton, returning the 35-year Quebec spring-water business to 100% Quebec ownership. The Mirabel-based company, which employs more than 80 people at its facility, will be positioned to accelerate product and packaging development and expand distribution across Canada.

Flynn Restaurant Group and Wendy's Complete Purchase of NPC International's Pizza Hut and Wendy's Assets

March 24, 2021

Restaurants & Hospitality

NPC International has closed the sale of substantially all of its assets to Flynn Restaurant Group and Wendy's (together with five current Wendy's franchisees) as part of its Chapter 11 restructuring. The transactions transfer ownership of NPC's Pizza Hut and Wendy's restaurant locations (over 1,300 restaurants) to the buyers while restaurants remain open under new ownership.

Blue Point Capital Acquires Water Lilies Food

August 31, 2022

Food & Beverage

Blue Point Capital Partners has acquired Water Lilies Food, LLC, a Bay Shore, New York-based manufacturer and distributor of premium frozen Asian-inspired cuisine, in a transaction with sellers including AUA Private Equity Partners; Water Lilies CEO Peter Lee is retaining a significant ownership stake. Blue Point will partner with the Water Lilies management team and deploy its food-and-beverage operating resources (including appointed operating executives) to support growth, capability expansion and add-on acquisition efforts.

Champlain Financial Corporation Acquires La Canadienne

July 31, 2019

Consumer Products

Champlain Financial Corporation led an investor group to acquire La Canadienne, a Montreal-based designer, manufacturer and retailer of women's winter footwear. Champlain plans to leverage La Canadienne's Canadian-made heritage and retail, wholesale and e-commerce channels to expand the brand into new markets and drive growth under new leadership.