Saco Foods Acquires Hoosier Hill Farm (Add-on to Benford Capital Portfolio)

Saco Foods Acquires Solo Foods from Sokol & Company

January 24, 2024

Food & Beverage

Saco Foods Holdings, a branded food company and platform backed by private equity, has acquired Solo Foods LLC from Chicago-based Sokol & Company. The tuck-in add-on expands Saco's center-store baking portfolio (cake and pastry fillings, marzipan and almond paste) and will leverage Saco's shared services, retail placement and e-commerce channels to grow the Solo brand.

Fengate Private Equity and Weathervane Investments Acquire Saco Foods

January 22, 2024

Food & Beverage

Fengate Private Equity, partnering with Weathervane Investments and managing the investment on behalf of the LiUNA Pension Fund of Central and Eastern Canada, has acquired Saco Foods Holdings, LLC from Benford Capital Partners. The Middleton, Wisconsin-based branded shelf-stable food company will continue to be led by CEO Tom Walzer, who retains a significant equity stake; the buyers plan to support growth through new product innovation, channel expansion and further platform-building acquisitions.

Benford Capital Partners Acquires Legacy Bakehouse

April 11, 2023

Food & Beverage

Chicago-based private equity firm Benford Capital Partners has acquired Legacy Bakehouse, a Waukesha, Wisconsin-based developer and manufacturer of baked snack ingredients and the owner of the Pinahs brand. Benford will partner with Legacy President Peter Sardina, invest in operational capacity and sales capabilities, and pursue add-on acquisitions to grow the platform.

Saco Foods (Fengate / Weathervane Portfolio) Acquires Quinoa Corporation (Ancient Harvest & Pamela's)

August 22, 2024

Food & Beverage

Saco Foods, a portfolio company of Fengate Private Equity and Weathervane Investment Corp., has acquired Quinoa Corporation and its brands Ancient Harvest and Pamela's from Encore Consumer Capital. The deal adds leading gluten-free and plant-based brands to Saco's shelf-stable food portfolio to drive distribution expansion and organic growth; terms were not disclosed.

Legacy Bakehouse (Benford Capital) Acquires Angelic Bakehouse Operating Assets

July 16, 2024

Food & Beverage

Legacy Bakehouse, a Benford Capital Partners portfolio company, acquired the operating assets of Angelic Bakehouse from Lancaster Colony Corporation, including a 42,000-square-foot Cudahy, Wisconsin facility and production equipment. The acquisition roughly doubles Legacy's production capacity, provides redundant capabilities and supports expansion into tortillas and other adjacent snack products.

Benford Capital Forms Pasture Brands to Recapitalize Farmers Hen House

December 15, 2021

Food & Beverage

Chicago-based private equity firm Benford Capital Partners has formed Pasture Brands Holdings, LLC to recapitalize Farmers Hen House, a Kalona, Iowa–based specialty egg producer. CEO Ryan Miller will remain in place and Benford plans to invest in sales, operations, product development and marketing while pursuing add-on acquisitions to grow the platform.