Tenex Capital Management Acquires JTM Foods (JJ's Bakery)
May 26, 2021
Tenex Capital Management announced an investment to acquire JTM Foods (dba JJ's Bakery), the largest manufacturer of handheld snack pies in North America. The transaction (supported by debt financing from lenders including Audax Private Debt and Varagon Capital Partners) will partner Tenex's operational expertise with JTM's co-manufacturing, private-label and branded snack-pie business to expand capabilities and growth.
- Buyers
- Tenex Capital Management
- Targets
- JTM Foods (dba JJ's Bakery)
- Sellers
- Kainos Capital
- Industry
- Food & Beverage
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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