TreeHouse Foods Acquires Harris Tea for $205M

Investindustrial Acquires TreeHouse Foods

February 13, 2026

Food & Beverage

Investindustrial has completed a $2.9 billion all-cash take-private acquisition of TreeHouse Foods, with Industrial F&B Investments III, Inc. merged into TreeHouse Foods. TreeHouse shareholders received $22.50 per share plus a contingent value right tied to ongoing litigation proceeds; the deal takes TreeHouse Foods private to support operational improvements and international expansion under Investindustrial.

SBJ Capital Acquires Rishi Tea & Botanicals

February 17, 2023

Food & Beverage

SBJ Capital completed an acquisition investment in Rishi Tea & Botanicals to accelerate the specialty tea brand’s growth and expand its channels and product capabilities. Graycliff Partners provided a unitranche debt facility and made a minority equity investment in support of the transaction; Rishi’s existing management team, including founder and CEO Josh Kaiser, remains in place.

Trive Capital and Crux Capital Take Minority Stake in HTeaO

January 10, 2023

Restaurants & Hospitality

Dallas-based private equity firms Trive Capital and Crux Capital acquired a minority stake in HTeaO, the Fort Worth–headquartered drive-thru iced tea franchisor. The investment will support geographic expansion, speed unit growth (HTeaO has 68 operating locations and 426+ franchise licenses awarded), and add board representation for Trive and Crux to accelerate franchising and technology initiatives.

Treehouse Wealth Advisors Acquires The Humphreys Group

January 2, 2025

Financial Services

Treehouse Wealth Advisors, a women-led wealth management firm based in Walnut Creek, CA, has acquired The Humphreys Group, a San Francisco-based B-Corp RIA focused on women-centered wealth management and ESG investing. The transaction — executed as part of a long-term succession plan for The Humphreys Group's president Diane Bourdo — expands Treehouse's Bay Area footprint and preserves The Humphreys Group's client offerings and team under the Treehouse banner.

Hydrofarm Acquires House & Garden

May 24, 2021

Agriculture

Hydrofarm Holdings Group, Inc. agreed to acquire House & Garden, Inc. and affiliated entities for approximately $125 million, funded with existing cash, with the acquired businesses becoming wholly owned indirect subsidiaries. The acquisition expands Hydrofarm's branded nutrients portfolio (including the House & Garden and Mad Farmer brands), with House & Garden expected to generate about $55 million in 2021 net sales and the deal valuing the business at under 7x estimated 2021 adjusted EBITDA.

VIG Partners Acquires 85% Stake in Teazen Inc

April 26, 2022

Food & Beverage

South Korean buyout firm VIG Partners has agreed to acquire an 85% stake in Teazen Inc, a tea-based health drinks maker best known for its Tae-ri Kim Kombucha. VIG will purchase 70% from IBK-TS Private Equity Fund and 15% from CEO Jong-tae Kim and related parties for about $70 million, with closing expected in May; VIG plans to install professional management and expand Teazen's customer reach.