Saval Foods Acquires Pastore's Italian Wholesale Distributor

Johnsonville Acquires Salm Partners from Entrepreneurial Equity Partners

January 3, 2024

Food & Beverage

Johnsonville, a family-owned manufacturer of premium sausages, has purchased Salm Partners from Entrepreneurial Equity Partners. Salm Partners, a Denmark, Wisconsin-based contract manufacturer specializing in co-extruded, cook-in-package sausages and hot dogs, will join Johnsonville to expand manufacturing capabilities and product offerings.

Savory Fund Acquires Majority Stake in The Sicilian Butcher

October 12, 2022

Restaurants & Hospitality

Savory Fund has acquired a majority interest in chef Joey Maggiore’s The Sicilian Butcher and its sister concept The Sicilian Baker, committing up to $30 million to support expansion. The Maggiores will remain involved while Savory Fund joins the board and aims to rapidly scale the Arizona-based three-unit brand into new markets (Texas and Las Vegas) with a goal of 20 units over four years.

Worldwide Produce Acquires Valley Food Services

June 15, 2022

Food & Beverage

Worldwide Produce, a portfolio company of Sole Source Capital, has acquired Valley Food Services, a fresh produce and dairy distributor serving the Coachella Valley. The add-on expands Worldwide Produce's presence in the Coachella Valley and complements its West Coast distribution network; terms were not disclosed.

Solina Acquires Saratoga Food Specialties

October 4, 2022

Food & Beverage

Solina, a France-based producer of savoury ingredient solutions, has signed an agreement to acquire Saratoga Food Specialties to accelerate its North American expansion. The deal (subject to regulatory approval) will add Saratoga's liquid-sauce capabilities, three U.S. manufacturing sites and approximately 500 employees to Solina's North American footprint.

Gemini Investors Invests in Saval Foods and Catalina Finer Foods

April 19, 2022

Food & Beverage

Gemini Investors completed platform investments in two food companies: Saval Foods (a regional broadline foodservice distributor and deli meats processor) and Catalina Finer Foods (a Tampa-based manufacturer of Cuban and Hispanic frozen foods). The transactions create platform positions for Gemini to expand capabilities across foodservice distribution, deli meat processing, and ethnic frozen retail products in key U.S. markets.

Kelso & Company Acquires Ferraro Foods from Kainos Capital

April 6, 2021

Food & Beverage

Funds managed by Kelso & Company acquired Ferraro Foods, a Piscataway, New Jersey-based specialty foodservice distributor focused on Italian restaurants and pizzerias, from Kainos Capital in April 2021. Ferraro operates seven distribution centers, sources roughly 7,000 SKUs, and serves thousands of independent restaurant customers across the U.S. East Coast; Kelso intends to support continued platform growth and consolidation in the specialty distribution space.