Cotton Creek Capital Acquires Ne-Mo's Bakery

Murry's (Encore Consumer Capital) Acquires Bake Crafters

October 10, 2022

Food & Beverage

Murry's Inc., a portfolio company of Encore Consumer Capital, has acquired Bake Crafters Food Company, a McDonald, Tennessee-based manufacturer and distributor of baked goods that sells primarily into K-12 foodservice and other institutional channels. The transaction closed on April 1, 2022; Encore said the deal is a strategic add-on to expand Murry's capabilities and presence in the K‑12 and institutional foodservice market, and Murry's also hired Jeff Ahlers as CEO to support integration and growth.

New Water Capital Acquires Klosterman Baking Company

July 27, 2022

Food & Beverage

An affiliate of New Water Capital Partners II L.P. has acquired Klosterman Baking Company, a long-standing producer of fresh and frozen baked goods serving grocers, restaurants and institutional customers. New Water said it will partner with management to expand Klosterman's product portfolio and geographic distribution footprint through organic and inorganic growth initiatives.

Tenex Capital Management Acquires JTM Foods (JJ's Bakery)

May 26, 2021

Food & Beverage

Tenex Capital Management announced an investment to acquire JTM Foods (dba JJ's Bakery), the largest manufacturer of handheld snack pies in North America. The transaction (supported by debt financing from lenders including Audax Private Debt and Varagon Capital Partners) will partner Tenex's operational expertise with JTM's co-manufacturing, private-label and branded snack-pie business to expand capabilities and growth.

Sweetmore Bakeries Acquires Sweet Eddie's Inc.

May 14, 2024

Food & Beverage

Sweetmore Bakeries, a Chicago-based family of specialty bakeries, has acquired Sweet Eddie's Inc., an SQF-certified wholesale manufacturer of cinnamon rolls and other yeast-raised baked goods based in Atlanta, Georgia. The add-on expands Sweetmore's product portfolio into cinnamon roll and yeast-raised categories and supports growth across retail and foodservice channels.

Café Valley Acquires Freed's Bakery

January 5, 2023

Food & Beverage

Café Valley Inc., an Swander Pace Capital portfolio company, acquired the assets of Freed's Bakery, a manufacturer of iced mini cupcakes that supplies national and regional retailers. The deal is an add-on acquisition intended to expand Café Valley's product offering in mini iced cupcakes, drive synergies and economies of scale across its bakery platform.

Roark Capital Acquires Nothing Bundt Cakes from Levine Leichtman Capital Partners

May 14, 2021

Food & Beverage

Roark Capital, via an affiliate, has acquired Nothing Bundt Cakes from Levine Leichtman Capital Partners. Nothing Bundt Cakes is a franchisor and operator of gourmet bundt cake bakeries with roughly 390 locations and about $470 million in system sales; Roark said it will support continued franchise growth and operational support for bakery owners.