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

The Perfect Purée of Napa Valley Acquires Strongwater

May 20, 2026

Food & Beverage

The Perfect Purée of Napa Valley has announced its acquisition of Strongwater, a Colorado maker of bitters, mixers, and functional whole-plant beverages with global flavors. Strongwater will continue manufacturing in Colorado, and The Perfect Purée plans to leverage its foodservice and hospitality distribution network to grow Strongwater’s presence across U.S. bars, restaurants, hotels, and specialty retail.

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.

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.

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.

Spanos Barber Jesse & Co. Invests in The Perfect Purée of Napa Valley

October 22, 2020

Food & Beverage

Spanos Barber Jesse & Co. (SBJ) completed a minority investment in The Perfect Purée of Napa Valley, with founder Tracy Hayward and key senior executives retaining significant ownership and remaining in their roles. The partnership will provide capital and strategic support to accelerate the company's growth in the foodservice and specialty ingredients markets.

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.