Flagship Food Group (CREO) Acquires Majority Stake in La Tortilla Factory

Flagship Food Group (CREO) Acquires Majority Stake in Tortilla King

July 15, 2021

Food & Beverage

Denver-based Flagship Food Group, majority owned by CREO Capital Partners, has acquired a majority stake in Tortilla King, a Moundridge, Kansas-based maker of tortillas and tortilla chips. Management remains in place with co-founder Juan Guardiola staying on as President and a shareholder; terms were not disclosed and the deal closed in mid-July 2021.

Flagship Food Group (with CREO Capital) Acquires Yucatan Foods

February 8, 2023

Food & Beverage

Flagship Food Group, with co-investor CREO Capital Partners, has acquired Yucatan Foods, adding the Yucatan and Cabo Fresh guacamole and dips brands and a 97,000 sq. ft. manufacturing facility in Silao, Mexico to its portfolio. The deal expands Flagship's refrigerated/deli/produce offerings, strengthens its Hispanic and Southwestern product set, and supports vertical integration and cross-promotional opportunities with its existing brands.

C.H. Guenther & Son Acquires Fresca Mexican Foods

June 23, 2025

Food & Beverage

San Antonio-headquartered C.H. Guenther & Son (CHG), a Pritzker Private Capital-backed food manufacturer, has acquired Fresca Mexican Foods, a Caldwell, Idaho-based producer of flour and corn tortillas and tortilla chips. The acquisition expands CHG's tortilla manufacturing capacity, adds Fresca's 190,000 sq. ft. facility and ~375 employees, and deepens CHG's relationships with QSR, foodservice and private-label customers.

Cerealto Makes Majority Investment in Fresca Foods

November 4, 2025

Food & Beverage

Spanish food manufacturer Cerealto has made a majority investment in Fresca Foods, a Colorado-based co-manufacturer of natural and organic snacks. Cerealto will hold a controlling stake while Fresca’s U.S. leadership team remains significant shareholders and continues to run day-to-day operations; the partnership establishes a substantive U.S. manufacturing presence to accelerate growth in the natural and organic snacking market.

CREO Capital Partners Acquires Bova Fresh

August 6, 2025

Food & Beverage

Miami-based private equity firm CREO Capital Partners has acquired Bova Fresh, a Boca Raton-based food procurement and distribution company that serves retail and foodservice customers across the U.S. Founders Bob Wilhelm and Steve San Filippo retain a minority stake and will continue to run the business; CREO plans to integrate Bova Fresh with other portfolio assets to expand sourcing, distribution and Latin America-focused procurement capabilities.

Grant Avenue Capital Recapitalizes CREO, Inc.

September 6, 2023

Healthcare Services

Grant Avenue Capital has completed a recapitalization investment in CREO, Inc., a Durham, North Carolina-based life sciences and healthcare consulting firm. The founders, Susan Acker-Walsh and Mike Townley, remain significant owners as the investment will accelerate growth and expand CREO's consulting and advisory service offerings.