PNC Riverarch Capital Acquires Fresh Direct Produce from HKW

FreshEdge Acquires Frontier Produce

July 25, 2024

Food & Beverage

FreshEdge, a Wind Point Partners-backed super-regional fresh food distributor, acquired Frontier Produce, a three-facility fresh produce distributor based in Oklahoma. The add-on expands FreshEdge's geographic footprint westward (complementing its KT Produce acquisition) and adds capacity to better serve restaurants, hotels, school systems and other foodservice customers across Oklahoma and southwest Missouri.

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.

FreshEdge Acquires Panama Banana

May 23, 2023

Food & Beverage

FreshEdge, a Wind Point Partners-backed super-regional fresh food distributor, has acquired Panama Banana, a long-standing wholesaler and distributor of fine produce based in the Chicago International Produce Market. The deal expands FreshEdge's Midwest footprint—particularly in Chicago—and adds warehousing capacity and value‑added ripening and cold‑chain capabilities to better serve combined retail and foodservice customers.

PNC Riverarch Capital Acquires Backerhaus Veit from Swander Pace Capital

January 9, 2023

Food & Beverage

PNC Riverarch Capital has completed the acquisition of Backerhaus Veit, Ltd. from Swander Pace Capital. Backerhaus Veit is a North American producer of artisan European-style breads, rolls and soft pretzels; the transaction transfers ownership from Swander Pace as the company enters its next growth phase under PNC Riverarch.

Fresh Direct Produce Acquires Mike and Mike's Organics

July 7, 2020

Food & Beverage

HKW portfolio company Fresh Direct Produce, Ltd. has acquired Mike and Mike's Inc., a Woodbridge, Ontario-based distributor of certified organic fruits and vegetables. The transaction is an add-on to the Fresh Direct Produce platform to expand its Canadian distribution footprint into Ontario; financial terms were not disclosed.

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.