MaryRuth Ghiyam and King Street Capital Acquire Majority Stake from Butterfly in MaryRuth Organics

Madison Dearborn Partners Agrees to Acquire The Marygold Companies

September 25, 2026

Financial Services

Madison Dearborn Partners agreed to acquire The Marygold Companies for $2.00 per share in cash, taking the holding company private. The transaction is expected to close in the first half of 2027, and Madison Dearborn said it plans to provide growth capital to Marygold’s USCF ETF business and refocus the company around that platform.

Madison Dearborn Partners to Acquire The Marygold Companies

September 25, 2026

Financial Services

Funds managed by Madison Dearborn Partners agreed to acquire all outstanding shares of The Marygold Companies for $2.00 per share in cash, taking the San Clemente-based holding company private. The transaction is intended to refocus the business on USCF, its commodity-focused ETF and asset-management platform, and support its growth through investment in product development, distribution and marketing; closing remains subject to customary approvals and is expected in the first half of 2027 or earlier.

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 Invests in MaryRuth Organics

August 5, 2021

Food & Beverage

Los Angeles-based private equity firm Butterfly Equity has made a growth investment in MaryRuth Organics, a digitally native premium vitamins, minerals, and supplements brand headquartered in Los Angeles. Terms were not disclosed; founder and CEO MaryRuth Ghiyam will retain a significant ownership stake as Butterfly partners to help scale the business and expand retail and distribution channels.

Butterfly Acquires Majority Stake in Pete and Gerry's Organics

May 4, 2021

Food & Beverage

Los Angeles-based private equity firm Butterfly has acquired a majority stake in Pete and Gerry's Organics, the leading U.S. producer of organic, free-range and pasture-raised eggs. British Columbia Investment Management Corporation (BCI) joins as a new minority investor and Pete and Gerry's CEO Jesse Laflamme will retain an ownership stake and continue to lead the company.

Butterfly Equity Acquires Majority Stake in Orgain

November 8, 2019

Food & Beverage

Butterfly Equity has signed a definitive agreement to acquire a majority stake in Orgain, a Los Angeles-area private equity firm said in a press release. Ontario Teachers' Pension Plan will join as a minority investor, and Orgain founder Dr. Andrew Abraham will retain a significant minority stake and remain CEO; the partnership is intended to scale the brand, accelerate product innovation and expand global distribution.