Food & Beverage Acquisitions in South Dakota

Performance Food Group, Inc. (through an affiliate) has acquired Orion Food Systems Holdings, LLC (OLM), a manufacturer and distributor of pizza, sandwiches, breakfast and snack solutions for the convenience-store foodservice channel. One Rock Capital Partners sold its portfolio company OLM to PFG; financial terms were not disclosed. The acquisition expands PFG's foodservice capabilities and presence in the convenience-store channel.

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.