Solum Partners Acquires Majority Stake in Monte Vista Farming Company

Highlander Partners Acquires Majority Stake in SanoVita

February 19, 2020

Food & Beverage

Highlander Partners, a Dallas-based middle-market private equity firm, has acquired a majority stake in SanoVita, a Romanian plant-based food brand headquartered in Râmnicu Vâlcea. Highlander plans to accelerate SanoVita's growth through new product innovation, enhanced production capabilities and strategic M&A while the founders will remain partners in the business.

Sequoia Financial Group Acquires AltruVista

April 2, 2024

Financial Services

Sequoia Financial Group, an Akron-based SEC-registered wealth manager with more than $18 billion AUM, has acquired Houston-based AltruVista, an SEC-registered investment adviser with roughly $310 million in AUM. The deal, which closed March 31, 2024, adds a Houston office to Sequoia's footprint and brings AltruVista founder Ali Nasser in as a Sequoia shareholder to continue supporting clients and share his Wealth Integration System for entrepreneurs.

Grove Mountain Partners Acquires Majority Stake in Plimpton & Hills

January 10, 2024

Building Products

Grove Mountain Partners has acquired a majority stake in Plimpton & Hills, a 125-year-old wholesale distributor of plumbing and HVAC equipment serving the Northeast. The Stephens Group made a minority investment to support the transaction; the Hills family retains equity and board representation while longtime executive Susan Montgomery is promoted to President.

Devil Mountain Wholesale Nursery Acquires BrightView Tree Company

October 21, 2020

Agriculture

Devil Mountain Wholesale Nursery, a San Ramon, California-based wholesale nursery, has acquired BrightView Tree Company of Fillmore, California. The acquisition (terms undisclosed) expands Devil Mountain's footprint into Southern California, adds approximately 800 acres of growing grounds and new product lines (including Swan Hill Olives), and supports its goal of becoming a larger, more comprehensive landscape plant provider in the Western U.S.

Sycamore Partners Acquires Ste. Michelle Wine Estates from Altria Group

October 1, 2021

Food & Beverage

Sycamore Partners, a New York-based private equity firm, has completed its acquisition of Ste. Michelle Wine Estates from Altria Group. Ste. Michelle, the largest wine company in the Pacific Northwest with brands including Chateau Ste. Michelle, 14 Hands and Columbia Crest, will operate as an independent, privately held company under Sycamore to pursue growth and expand its premium wine portfolio.

Fresh Del Monte Acquires Majority Stake in Avolio

March 26, 2025

Food & Beverage

Fresh Del Monte Produce Inc. has acquired a majority stake in Avolio, a Uganda-based producer and supplier of bulk crude and edible avocado oil, to expand its specialty ingredients and biomass business. The deal will allow Fresh Del Monte to scale Avolio's extraction technology (planned to process 140 metric tons of avocados per day), advance sustainability and circular-economy initiatives, and drive growth into higher-margin specialty ingredient markets.