Butterfly Equity to Acquire Sabert Holding Corp.

Butterfly Equity Acquires ePac Flexible Packaging

January 16, 2026

Manufacturing

Butterfly Equity has completed its acquisition of ePac Holdings, the San Diego–headquartered digitally printed flexible packaging provider, from an investor consortium that included Amcor and Indevco North America; financial terms were not disclosed. The deal establishes ePac as Butterfly’s first platform investment in packaging and keeps incumbent management (including CEO and co‑founder Virag Patel) in place with a significant retained ownership stake as Butterfly backs ePac’s growth across its 14 North American facilities and its proprietary ePacONE technology.

Butterfly Equity Acquires The Duckhorn Portfolio for $1.95 Billion

October 7, 2024

Food & Beverage

The Duckhorn Portfolio, North America’s luxury wine company, entered into a definitive agreement to be acquired by private equity firm Butterfly Equity in an all-cash transaction valuing the company at approximately $1.95 billion. Duckhorn shareholders will receive $11.10 per share, and Duckhorn is expected to become privately held after closing (expected this winter, subject to approvals).

Equilibrium and Butterfly-Led Consortium Invest in Pacifico Aquaculture to Fund Nursery Build-Out

November 1, 2023

Food & Beverage

Pacifico Aquaculture received project financing from Equilibrium Capital and a significant equity investment from a consortium led by Butterfly Equity alongside a leading U.S. public pension fund. The financing will fully fund a state-of-the-art nursery in Baja California and provide runway to scale Pacifico's ocean-raised striped bass production toward an additional 20,000 metric tons of annual capacity.

Butterfly Equity Acquires Milk Specialties Global from American Securities

December 23, 2022

Food & Beverage

Butterfly, a Los Angeles-based private equity firm focused on the food sector, has entered into a definitive agreement to acquire Milk Specialties Global, a vertically integrated manufacturer of dairy-based human and animal nutrition ingredients, from affiliates of American Securities. The transaction, terms undisclosed, is expected to close in Q1 2023 and the Milk Specialties leadership team, led by CEO David Lenzmeier, will remain in place.

Butterfly Equity Acquires Majority Stake in Chosen Foods

September 7, 2021

Food & Beverage

Los Angeles-based private equity firm Butterfly Equity has agreed to acquire a majority stake in San Diego-based avocado-focused food brand Chosen Foods. The investment will support Chosen Foods' global growth and expansion of its avocado-based product portfolio; transaction terms were not disclosed.

Butterfly Equity Acquires Bolthouse Farms from Campbell Soup Company for $510 million

June 17, 2019

Food & Beverage

Butterfly Equity, a Los Angeles-based private equity firm focused on the food sector, agreed to acquire Bolthouse Farms from Campbell Soup Company for $510 million in cash. Bolthouse Farms, founded in 1915 and headquartered in Bakersfield and Santa Monica, California, is a vertically integrated producer of fresh carrots, refrigerated premium beverages and refrigerated salad dressings with approximately 2,200 employees; Butterfly named Jeff Dunn as CEO following the transaction.