Tracked deals
16
16 tracked deals across 2019-2026.
Private Equity Firm
Other
Butterfly Equity
Beverly Hills, California, United States
Los Angeles–based private equity firm specializing in the food sector, spanning the “seed to fork” value chain from upstream & processing through industry enablers, multi-site operators, and branded goods, with a disciplined and data-driven, hands-on approach to portfolio transformation.
- Focus Areas
- Food value chain, Seed-to-fork, Upstream & processing
- Website
- bfly.com
Recent pace
2
2 tracked deals announced in the last 12 months.
Deal mix
Buyout
8 buyout · 4 addon · 3 growth capital
Butterfly Equity Acquisition Volume by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
Showing the 12 most recent of 16 tracked deals for Butterfly Equity.
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- Buyer
- Butterfly Equity, Graham Partners LP
- Target
- Custom Flavors
- Industry
- Food & Beverage
- Location
- California, United States
- Type
- Growth capital
Butterfly Equity and Graham Partners LP invested in flavor maker Custom Flavors. The company, based in San Clemente, California, said it will retain CEO Alex Wendling and continue expanding capacity, facilities, and team with support from the new investors.
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January 16, 2026
- Buyer
- Butterfly Equity
- Target
- ePac Holdings
- Seller
- Amcor, Indevco North America, Investor consortium
- Industry
- Manufacturing
- Location
- California, United States
- Type
- Buyout
Butterfly Equity has completed its acquisition of ePac Holdings, the San Diego–headquartered digitally printed flexible packaging provider, from an investor consortium that included Amcor and Indevco North America; financial terms were not disclosed. The deal establishes ePac as Butterfly’s first platform investment in packaging and keeps incumbent management (including CEO and co‑founder Virag Patel) in place with a significant retained ownership stake as Butterfly backs ePac’s growth across its 14 North American facilities and its proprietary ePacONE technology.
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- Buyer
- Generous Brands, Butterfly
- Target
- Health-Ade
- Seller
- First Bev, Manna Tree Partners
- Industry
- Food & Beverage
- Location
- California, United States
- Type
- Addon
Generous Brands, a premium refrigerated beverage platform backed by Butterfly, signed a definitive agreement to acquire Health-Ade, a fast-growing kombucha brand. The deal was completed in 2024 by acquiring the business from private equity firms First Bev and Manna Tree Partners, which continue as minority shareholders in Generous Brands.
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- Buyer
- Pete & Gerry's Organics, LLC, Butterfly Equity
- Target
- Pasture Brands Holdings, Farmers Hen House, Pillars Yogurt
- Seller
- Benford Capital Partners
- Industry
- Food & Beverage
- Location
- Iowa, United States
- Type
- Addon
Pete & Gerry's Organics (the Butterfly Equity-backed egg platform) has acquired Pasture Brands Holdings — the holding company for Farmers Hen House and Pillars Yogurt — from Benford Capital Partners. The transaction (closed January 9, 2025) expands Pete & Gerry's branded specialty egg and dairy portfolio and continues consolidation in natural/conventional grocery and club channels.
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- Buyer
- Butterfly Equity
- Target
- The Duckhorn Portfolio (Duckhorn)
- Industry
- Food & Beverage
- Location
- California, United States
- Type
- Buyout
The Duckhorn Portfolio, North America’s luxury wine company, entered into a definitive agreement to be acquired by private equity firm Butterfly Equity in an all-cash transaction valuing the company at approximately $1.95 billion. Duckhorn shareholders will receive $11.10 per share, and Duckhorn is expected to become privately held after closing (expected this winter, subject to approvals).
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September 18, 2024
- Buyer
- Platinum Equity, Butterfly
- Target
- Rise Baking Company
- Seller
- Olympus Partners
- Industry
- Food & Beverage
- Location
- Minnesota, United States
- Type
- Buyout
Platinum Equity and Butterfly have announced the acquisition of Rise Baking Company, a Minneapolis-based North American bakery manufacturer. The firms will be equal partners and Rise will continue operating under its current management team led by CEO Brian Zellmer. The deal is expected to close in Q4 2024, and financial terms were not disclosed.
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November 1, 2023
- Buyer
- Equilibrium Capital, Butterfly Equity, Leading U.S. public pension fund
- Target
- Pacifico Aquaculture
- Industry
- Food & Beverage
- Location
- Baja California, Mexico
- Type
- Growth capital
Pacifico Aquaculture received project financing from Equilibrium Capital and a significant equity investment from a consortium led by Butterfly Equity alongside a leading U.S. public pension fund. The financing will fully fund a state-of-the-art nursery in Baja California and provide runway to scale Pacifico's ocean-raised striped bass production toward an additional 20,000 metric tons of annual capacity.
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- Buyer
- Butterfly Equity
- Target
- Milk Specialties Global
- Seller
- American Securities LLC (affiliates)
- Industry
- Food & Beverage
- Location
- Minnesota, United States
- Type
- Buyout
Butterfly, a Los Angeles-based private equity firm focused on the food sector, has entered into a definitive agreement to acquire Milk Specialties Global, a vertically integrated manufacturer of dairy-based human and animal nutrition ingredients, from affiliates of American Securities. The transaction, terms undisclosed, is expected to close in Q1 2023 and the Milk Specialties leadership team, led by CEO David Lenzmeier, will remain in place.
-
- Buyer
- Butterfly Equity, King Street Capital Management
- Target
- QDOBA Mexican Eats
- Seller
- Apollo Global Management
- Industry
- Restaurants & Hospitality
- Location
- California, United States
- Type
- Addon
Butterfly Equity agreed to acquire QDOBA from funds managed by Apollo and merge the brand into Modern Restaurant Concepts (which includes Modern Market Eatery and Lemonade), creating a leading fast-casual restaurant platform of roughly 800 units. King Street Capital Management is investing alongside Butterfly; the transaction aims to accelerate franchising, system growth and catering expansion across the combined platform. Terms were not disclosed.
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August 1, 2022
- Buyer
- Bolthouse Farms, Butterfly Equity
- Target
- Evolution Fresh
- Seller
- Starbucks
- Industry
- Food & Beverage
- Location
- California, United States
- Type
- Addon
Bolthouse Farms, a portfolio company of Butterfly Equity, has acquired the Evolution Fresh brand, business, and supporting employees from Starbucks. The acquisition expands Bolthouse Farms' premium refrigerated beverage portfolio and will allow Evolution Fresh to accelerate growth while Starbucks focuses on its core business.
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September 7, 2021
- Buyer
- Butterfly Equity
- Target
- Chosen Foods
- Industry
- Food & Beverage
- Location
- California, United States
- Type
- Buyout
Los Angeles-based private equity firm Butterfly Equity has agreed to acquire a majority stake in San Diego-based avocado-focused food brand Chosen Foods. The investment will support Chosen Foods' global growth and expansion of its avocado-based product portfolio; transaction terms were not disclosed.
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August 5, 2021
- Buyer
- Butterfly Equity
- Target
- MaryRuth Organics, LLC (MaryRuth's)
- Industry
- Food & Beverage
- Location
- California, United States
- Type
- Growth capital
Los Angeles-based private equity firm Butterfly Equity has made a growth investment in MaryRuth Organics, a digitally native premium vitamins, minerals, and supplements brand headquartered in Los Angeles. Terms were not disclosed; founder and CEO MaryRuth Ghiyam will retain a significant ownership stake as Butterfly partners to help scale the business and expand retail and distribution channels.
Related Acquisition Pages
Food & Beverage Buyers & Acquisitions
13 tracked deals by Butterfly Equity.
Restaurants & Hospitality Buyers & Acquisitions
2 tracked deals by Butterfly Equity.
Manufacturing Buyers & Acquisitions
1 tracked deal by Butterfly Equity.
Acquisitions in California
10 tracked deals by Butterfly Equity.
Acquisitions in Minnesota
2 tracked deals by Butterfly Equity.
Acquisitions in Iowa
1 tracked deal by Butterfly Equity.
Acquisitions in New Hampshire
1 tracked deal by Butterfly Equity.
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