McCain Foods Acquires Majority Stake in Strong Roots

McCain Foods Takes Minority Stake in Strong Roots

December 8, 2021

Food & Beverage

McCain Foods invested $55 million to take a minority stake in Strong Roots, a Dublin-based plant-based frozen food producer. The strategic partnership will support Strong Roots' international expansion—particularly into the U.S.—and explore growth through retail and foodservice channels; Goode Partners LLC exited its holding in the company.

FreshEdge Acquires McCartney Produce

November 19, 2020

Food & Beverage

FreshEdge, the family of produce and specialty food distribution companies backed by Rotunda Capital Partners, has acquired McCartney Produce, a Paris, Tennessee-based distributor of fresh produce and specialty food products. The deal, which closed on November 18, 2020 (terms not disclosed), expands FreshEdge's presence in Tennessee, the Southeast and the Midwest; McCartney will continue to operate from its Paris facility with Raymon Randolph remaining as president.

Bansk Group Acquires Majority Interest in Red's All Natural

February 14, 2023

Food & Beverage

Bansk Group has acquired a majority interest in Red's All Natural, a fast-growing clean-label frozen burrito and breakfast sandwich brand; terms were not disclosed. Stellus Capital Management provided senior debt financing and an equity co-investment to support the transaction, and founder/CEO Mike Adair will remain in leadership and retain a significant minority stake.

Frontenac Acquires Majority Stake in Crofter's Organic

February 3, 2021

Food & Beverage

Frontenac, a Chicago-based private equity firm, has acquired a majority interest in Crofter's Organic, a Parry Sound, Ontario-based manufacturer of branded and private-label organic fruit spreads. The Latka family will retain a significant financial stake and Apu Mody will join as Executive Chairman as the company looks to expand market penetration and accelerate growth across North America.

Blue Road Capital Acquires NatureSweet from Silver Ventures

September 20, 2023

Agriculture

Blue Road Capital, an investment firm focused on vertically integrated food and agriculture businesses, has acquired NatureSweet (NS Brands, Ltd.), the largest vertically integrated greenhouse-grown produce company in North America, from Silver Ventures for an undisclosed sum. NatureSweet grows, harvests, and packages tomatoes, peppers, and cucumbers across more than 1,400 acres and employs over 6,000 people, with products sold through major supermarkets across the United States, Mexico, and Canada.

Ardian Acquires Majority Stake in Florida Food Products

September 21, 2021

Food & Beverage

Ardian's U.S. Buyout team acquired a majority stake in Florida Food Products (FFP) from MidOcean Partners, with MidOcean retaining a significant equity stake. The transaction (enterprise value in excess of $1 billion) positions Ardian to support FFP's product innovation, capability expansion and international growth in clean-label, plant-based food ingredients.