Akoya Capital Invests in Devansoy, Inc.

Trinity Investors Recapitalizes Devansoy Inc.

September 14, 2022

Food & Beverage

Trinity Investors, a private equity firm based in Southlake, Texas, invested $27.0 million in Devansoy to recapitalize and fund the company's growth. Devansoy, based in Rock City, Illinois, is a third-party manufacturer of oat, soy, and pea protein bases for dairy-alternative products and will use the capital to expand capacity and capture rising demand for plant-based ingredients.

Akoya Capital Partners Acquires Star Plastics

February 2, 2022

Manufacturing

Akoya Capital Partners acquired Star Plastics, a Ravenswood, West Virginia-based custom plastics compounder, as the anchor investment for a new compounds buy-and-build platform. The transaction was supported with mezzanine subordinated debt and common equity from NewSpring Mezzanine and involved Trinity Investors as a partnering investor; Star Plastics (≈140 employees) will pursue organic growth and M&A to expand its capabilities and geographic reach.

Akoya Capital and Trinity Investors Establish Beacon Manufacturing Group to Acquire Donnelly Custom Manufacturing

July 12, 2020

Manufacturing

Akoya Capital and Trinity Investors formed Beacon Manufacturing Group as a platform to acquire Donnelly Custom Manufacturing Company, a custom short-run plastics injection molder based in Alexandria, Minnesota. The acquisition is the inaugural investment for the Beacon platform and is intended to support a buy-and-build strategy to expand manufacturing capabilities and pursue additional acquisitions across North America.

TowerBrook Capital Partners Makes Majority Investment in Demakes Enterprises

December 14, 2023

Food & Beverage

TowerBrook Capital Partners has made a majority equity investment in Demakes Enterprises, a Lynn, Massachusetts-based manufacturer of specialty protein and deli products. The Demakes family will retain a significant minority stake and the transaction was financed by funds managed by the Credit Group of Ares Management alongside other credit partners; TowerBrook intends to scale the business organically and via targeted acquisitions to expand distribution and product reach.

Solina Acquires Asenzya Inc.

November 9, 2021

Food & Beverage

Solina, a European savoury ingredients leader backed by private equity firm Astorg, has completed the acquisition of Asenzya Inc., a custom dry seasoning and flavour solutions provider headquartered in Oak Creek, Wisconsin. The deal gives Solina its first direct presence in the United States and expands its North American capabilities and customer reach; Asenzya has about 145 employees and annual sales of roughly $50 million.

Star Plastics Merges with Trivalence Technologies; Akoya-Backed Platform Expands Capabilities

July 9, 2025

Manufacturing

Star Plastics, the Akoya Capital Partners-backed engineered thermoplastics compounder, has merged with Trivalence Technologies, LLC, a custom thermoplastic compounder based in Evansville, Indiana. The merger is an add-on to the Star Plastics platform intended to expand technical capabilities, product offerings, geographic reach, and tolling services for OEM and molder customers.