Crispy Filled Inc. Raises Growth Capital as Management and New Investors Buy Out L2M Brands

General Mills Acquires TNT Crust from Peak Rock Capital

May 11, 2022

Food & Beverage

General Mills has acquired TNT Crust, a manufacturer of frozen pizza crusts that serves pizza chains, foodservice distributors and retail outlets. The acquisition (from Peak Rock Capital) adds TNT Crust's manufacturing footprint — including two Green Bay, Wisconsin facilities and one in St. Charles, Missouri — to General Mills' frozen baked goods platform to expand its away‑from‑home foodservice presence.

Rhône Acquires Freddy's Frozen Custard & Steakburgers from Thompson Street Capital Partners

September 4, 2025

Restaurants & Hospitality

Investment funds affiliated with Rhône have acquired Freddy's Frozen Custard & Steakburgers from Thompson Street Capital Partners. Freddy's— a fast-casual franchise with more than 550 locations and over $1 billion in system-wide sales—will keep its existing leadership as Rhône supports continued market expansion and guest-experience improvements.

BroadPeak Capital / Edible Brands Acquires Rōti Modern Mediterranean

March 1, 2025

Restaurants & Hospitality

Private-equity firm BroadPeak Capital (launched by Tariq Farid) acquired Rōti Modern Mediterranean out of bankruptcy in February and is transitioning the roughly 17-unit chain into a newly created platform, Edible Brands. The buyer plans to franchise Rōti aggressively, leverage cross-brand synergies with Edible Arrangements and Edible.com, and scale the concept nationally.

LaSalle Capital and Lightspring Complete Acquisition of Great Lakes Potato Chips

December 22, 2022

Food & Beverage

LaSalle Capital, in partnership with Lightspring Capital I, LP, has completed the acquisition of Great Lakes Potato Chips, a Traverse City, Michigan-based kettle-cooked potato chip manufacturer founded by Ed and Chris Girrbach. The founders remain involved (Chris Girrbach will stay on as CEO) and the buyers intend to accelerate growth into new states and accounts across retail, foodservice distributors and direct-to-consumer channels.

Paine Schwartz Launches BetterCo Holdings and Invests in Crisp and Lucky Energy

November 17, 2025

Food & Beverage

Paine Schwartz Partners formed BetterCo Holdings, a new platform for downstream food and beverage investments, and announced BetterCo’s first two holdings: Crisp Inc., an AI-driven commerce intelligence platform, and Lucky Energy, a better-for-you energy drink brand. The investments will fund Crisp’s AI commercialization and go-to-market expansion and support Lucky Energy’s distribution, brand building, and sales growth.

MPearlRock Acquires The Good Crisp Company

January 15, 2026

Food & Beverage

MPearlRock has acquired The Good Crisp Company, a clean-label salty snack brand founded by Matt Parry, to expand its better-for-you salty snacks platform. The Good Crisp's products are sold in over 20,000 retail doors across the U.S., Canada, Australia and the U.K.; financial terms were not disclosed.