Harwood Private Equity Acquires Crest Foods

Pritzker Private Capital Acquires Sugar Foods Corporation

October 3, 2023

Food & Beverage

Pritzker Private Capital has acquired Sugar Foods Corporation, a Westlake Village, California-based food manufacturer known for crunchy toppings, croutons, pizza toppings and beverage ingredients. PPC will partner with Sugar Foods' existing management to support product innovation, customer expansion and strategic add-on acquisitions while providing capital and industry expertise to accelerate growth.

Benson Hill Acquires ZFS Creston

January 4, 2022

Food & Beverage

Benson Hill, Inc. acquired ZFS Creston, LLC, a food‑grade soy white flake and soy flour manufacturing operation in Creston, Iowa, for approximately $102 million, primarily financed by a $100 million committed debt facility led by Avenue Capital Group. The acquisition gives Benson Hill immediate processing capacity to commercialize its high‑protein soybean varieties and expand its portfolio of non‑GMO, traceable soy protein ingredients for human and pet food markets.

Sugar Foods Acquires Concord Foods

March 7, 2024

Food & Beverage

Sugar Foods, a Pritzker Private Capital–backed food company, has acquired Concord Foods, adding Concord’s brands and a 255,000 sq. ft. Brockton, Massachusetts facility to Sugar Foods’ North American footprint. Terms were not disclosed; Concord was previously owned by Arbor Investments, its founders and management. The deal is intended to expand Sugar Foods’ capabilities, capacity and product offerings across retail and foodservice channels.

Graham Partners Becomes Majority Investor in Woodland Foods

December 7, 2021

Food & Beverage

Graham Partners has become a majority investor in Woodland Foods, a Waukegan, Illinois-based supplier and manufacturer of specialty culinary ingredients and plant-based products. Woodland Foods' management will remain in place as Graham Partners plans to leverage its industry resources and operational experience to accelerate the company's growth across foodservice, retail, industrial and e-commerce channels.

Assisi Pet Care (Harwood PE) Acquires Maced — Crescent Provides Financing

February 14, 2022

Food & Beverage

Assisi Pet Care, the Harwood Private Equity-backed pet food platform, has acquired Poland-based Maced, a leading European manufacturer of natural dog treats. Crescent Capital Group’s European Specialty Lending strategy provided financing to support Harwood’s refinancing of Assisi and fund the acquisition, enabling Assisi to gain manufacturing control and expand its geographic coverage across major European pet-food markets.

Bain Capital Acquires Dessert Holdings from Gryphon Investors

April 26, 2021

Food & Beverage

Bain Capital Private Equity has entered into a definitive agreement to acquire Dessert Holdings, a St. Paul–based premium dessert platform that includes The Original Cakerie, Lawler’s Desserts, and Atlanta Cheesecake Company. The acquisition from Gryphon Investors will support Dessert Holdings’ next stage of growth—pursuing product innovation, organic expansion and add-on opportunities—and is expected to close in Q2 2021 (debt financing led by Antares Capital).