Kainos Capital Acquires Muenster Milling

Apheon Acquires Cain Food Industries and Merges It with Millbio

March 9, 2025

Food & Beverage

Luxembourg-based private equity firm Apheon has acquired Dallas-based Cain Food Industries and merged it with its portfolio company Millbio (Milan) to create a global clean-label bakery ingredients group. The combined business will operate in North America as Cain Food Industries Inc., with Cain's CEO Tom McCurry leading regional operations; financial terms were not disclosed.

Millstone Capital Advisors Acquires Native Foods

June 18, 2018

Restaurants & Hospitality

St. Louis-based private equity firm Millstone Capital Advisors has acquired Native Foods, a Chicago-based plant-focused fast-casual restaurant chain with 13 locations across California, Colorado, Oregon and Illinois. Millstone said the investment will provide resources to support Native Foods' expansion while maintaining the brand's plant-based mission and operations under existing management.

Kith Kitchens (Pfingsten Portfolio) Acquires Mouser Custom Cabinetry

January 12, 2021

Building Products

Kith Kitchens, a portfolio company of private equity firm Pfingsten, has acquired Mouser Custom Cabinetry, a manufacturer of semi-custom and custom kitchen and bath cabinets based in Elizabethtown, Kentucky. The add-on acquisition (closed December 31, 2020) expands Kith's product portfolio and manufacturing capabilities to better serve remodeling and new construction customers.

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.

May River Capital Forms Advanced Material Processing and Acquires Kason Corporation

August 1, 2019

Manufacturing

Chicago-based private equity firm May River Capital formed a new platform, Advanced Material Processing (AMP), and concurrently acquired Kason Corporation to be part of the platform alongside existing portfolio company Marion Process Solutions. Northstar Capital provided subordinated debt and an equity co-investment to finance the transaction. The deal aims to consolidate complementary material-processing equipment businesses to expand engineering capabilities and accelerate organic and acquisitive growth in hygienic process end markets.

Paine Schwartz Partners Invests in Kynetec

March 19, 2021

Data & Analytics

Paine Schwartz Partners has made a growth investment in Kynetec through Paine Schwartz Food Chain Fund V; financial terms were not disclosed. Kynetec, a provider of agricultural and animal health market research, data and insights based in Newbury, England (with operations in St. Louis, Missouri), will use the capital to accelerate growth, expand capabilities and pursue complementary bolt-on acquisitions.