PNC Riverarch Capital Acquires Backerhaus Veit from Swander Pace Capital

PNC Riverarch Capital Acquires The Perfect Purée of Napa Valley from SBJ Capital

January 9, 2024

Food & Beverage

PNC Riverarch Capital has acquired The Perfect Purée of Napa Valley from SBJ Capital, with co-investors The Hillman Company and PPM America. Riverarch will partner with co-presidents Michele Lex and Medhane Kidane to support accelerated growth; senior debt was provided by Apogem and NXT Capital and Harris Williams advised the seller.

PNC Riverarch Capital Acquires Empire Group from Kian Capital Partners

February 7, 2020

Manufacturing

PNC Riverarch Capital has acquired Empire Group, a Raleigh, North Carolina–headquartered wholesale distributor of commercial foodservice equipment and OEM parts, from Kian Capital Partners. Terms were not disclosed; under Kian's ownership Empire expanded to seven locations, served 5,500+ customers and materially grew revenue and EBITDA.

PNC Riverarch Capital Acquires Fresh Direct Produce from HKW

August 11, 2021

Food & Beverage

PNC Riverarch Capital has acquired Fresh Direct Produce, Ltd., a Vancouver-based distributor of fresh, ethnic, tropical, organic and specialty produce, from HKW. HKW had partnered with Fresh Direct Produce in December 2018 and during the investment period the company completed three add-on acquisitions and strengthened its operations; Truist Securities and Taft Stettinius & Hollister served as advisors on the sale.

Swander Pace Capital Acquires Café Valley

September 10, 2019

Food & Beverage

Swander Pace Capital acquired Café Valley, a leading wholesale bakery with production facilities in Phoenix, AZ and Marion, IN, to expand its consumer food portfolio. Stellus Capital Management provided senior debt financing and an equity co-investment to support the transaction; Café Valley's existing CEO Brian Owens will remain in place.

PNC Riverarch Capital Acquires Barr GeoSpatial Solutions

February 26, 2024

Environmental Services

PNC Riverarch Capital has acquired Barr GeoSpatial Solutions from 24/6 Capital Partners and other minority investors. Barr GeoSpatial, a North American provider of aerial LiDAR, remote sensing, methane leak detection and AI-enabled geospatial services headquartered in Texas, will partner with Riverarch and reinvesting management to support an accelerated growth plan including organic initiatives and acquisitions.

Swander Pace Capital Partners with Inovata Foods

June 27, 2024

Food & Beverage

Swander Pace Capital has made a platform investment in Inovata Foods, a Canadian private-label manufacturer of frozen entrées, partnering with founders Steve and Lisa Parsons to accelerate capacity expansion. The deal positions Inovata to grow its retail, club store and foodservice business across Canada and the U.S., with Ernst & Young Orenda advising Inovata on the transaction.