Private Equity Firm Manufacturing

Ronin Equity Partners

New York, New York, United States

Private equity firm with an immersive operational approach to value creation. Makes control equity investments in the Industrial, Industrial Services and Consumer sectors, leveraging proprietary playbooks, tailored IT systems and building world-class organizations.

Focus Areas
Industrial companies, Industrial services, Consumer sectors

Tracked deals

8

8 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

4 buyout · 3 addon · 1 growth capital

Ronin Equity Partners Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Ronin Equity Partners. 2 2021 2 2022 2 2023 1 2024 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Ronin Equity Partners Completes GP-Led Secondary Minority Stake in AeriTek Global
    March 17, 2026
    Buyer
    Ronin Equity Partners, Partners Capital
    Target
    AeriTek Global, Due North, Federal Industries, LLC
    Seller
    Ronin Equity Partners (seller of Due North to AeriTek)
    Industry
    Manufacturing
    Location
    Georgia, United States
    Type
    Growth capital

    Ronin Equity Partners completed a GP-led secondary acquisition of a minority stake in AeriTek Global at $3.11 per share. The transaction follows Ronin’s prior sale of Due North to AeriTek and continues support for AeriTek’s refrigerated display case consolidation strategy, immediately followed by AeriTek’s add-on acquisition of Federal Industries.

  • Ronin-backed Engenuity Acquires Woodmaxx
    March 20, 2024
    Buyer
    Engenuity Outdoor Equipment, Ronin Equity Partners
    Target
    Woodmaxx
    Seller
    Kurt Schie and other Woodmaxx owners
    Industry
    Manufacturing
    Location
    New York, United States
    Type
    Addon

    Ronin Equity Partners financed the acquisition of Akron, New York-based Woodmaxx by Engenuity Outdoor Equipment (formerly DK2) with a $25 million term-loan facility. The deal adds roughly $20 million of annual revenue and approximately $5 million in synergies, brings domestic manufacturing and power take-off product capability into Engenuity, and Woodmaxx owners (including founder Kurt Schie) are reinvesting a substantial portion of proceeds into a double-digit minority stake.

  • Heartisan Foods Acquires North Country Packaging
    September 8, 2023
    Buyer
    Heartisan Foods, Ronin Equity Partners
    Target
    North Country Packaging
    Seller
    Kendall Goossen, Maria Goossen
    Industry
    Food & Beverage
    Location
    Wisconsin, United States
    Type
    Addon

    Heartisan Foods, a Ronin Equity Partners-backed specialty cheese platform, has acquired North Country Packaging, a Barron County maker of cheese spreads and curds. The deal will triple Heartisan's manufacturing capacity, expand fulfillment for its Cheese Brothers e-commerce brand, and support new product launches; North Country co-founders Kendall and Maria Goossen will retain a meaningful stake in the combined business.

  • Ronin Equity Partners Creates Lotus Beverage Alliance by Merging Six Craft Beverage Equipment Suppliers
    April 20, 2023
    Buyer
    Ronin Equity Partners
    Target
    Alpha Brewing Operations, GW Kent, Twin Monkeys, Stout Tanks and Kettles, Brewmation, Automated Extractions
    Industry
    Manufacturing
    Location
    United States
    Type
    Buyout

    Ronin Equity Partners formed Lotus Beverage Alliance through the simultaneous merger of six U.S. craft beverage equipment suppliers — Alpha Brewing Operations, GW Kent, Twin Monkeys, Stout Tanks and Kettles, Brewmation, and Automated Extractions — in a transaction valuing the combined group at about $100 million. Ronin owns the majority of the new platform (Lotus Beverage Alliance), which will operate as an end-to-end supplier for craft beer, wine, RTD, coffee, kombucha and other beverage producers and is positioned for further add-on acquisitions with pre-arranged financing available.

  • Due North Acquires MTL COOL
    September 19, 2022
    Buyer
    Due North, Ronin Equity Partners
    Target
    MTL COOL
    Industry
    Manufacturing
    Location
    Quebec, Canada
    Type
    Addon

    Due North, the operating platform backed by Ronin Equity Partners, has acquired Canadian refrigerated merchandiser manufacturer MTL COOL. The acquisition expands Due North's product portfolio and consolidates refrigerated retail display capabilities across grocery, convenience and food & beverage customers; MTL COOL reported C$30 million in fiscal 2022 revenue.

  • Ronin Equity Partners Creates DK2 Platform with Acquisitions of DK2, SnowBear and Currahee Trailers
    June 14, 2022
    Buyer
    Ronin Equity Partners, Harvey & Company, Stephens Capital Partners, Northwood Ventures, Knott Partners, Cardinal Equity
    Target
    DK2, SnowBear, Currahee Trailers
    Seller
    Owners and senior management of DK2, SnowBear and Currahee Trailers (retained significant stakes), Currahee Trailers' owners (represented by Woodbridge International)
    Industry
    Manufacturing
    Location
    Ontario, Canada
    Type
    Buyout

    Ronin Equity Partners acquired and merged three manufacturers — DK2, SnowBear and Currahee Trailers — to create a North American platform operating under the DK2 name focused on outdoor power equipment and utility trailers. The combined group, backed by co-investors and LPs (including Harvey & Company, Stephens Capital Partners, Northwood Ventures and Knott Partners), will pursue a buy-and-build strategy to scale manufacturing, expand distribution (including major home-improvement channels) and fund further add-on acquisitions.

  • Ronin Equity Partners Acquires QBD and Minus Forty to Create Refrigerated Display Platform
    September 7, 2021
    Buyer
    Ronin Equity Partners, Northleaf Capital Partners, Cherng Family Trust, Stephens Capital Partners, Nicola Wealth, Northwood Ventures, Knott Partners, Sope Creek Capital
    Target
    QBD, Minus Forty
    Industry
    Manufacturing
    Location
    Ontario, Canada
    Type
    Buyout

    Ronin Equity Partners has acquired two Greater Toronto–area manufacturers of commercial refrigeration equipment, QBD and Minus Forty, in a $230 million transaction. Ronin will merge the businesses as a platform for buy-and-build consolidation in the fragmented refrigerated display market, with several institutional and family-office co-investors participating.

  • Ronin Equity Partners Acquires Red Apple Cheese, Barron County Cheese and Cheese Brothers to Build Specialty Cheese Platform
    June 7, 2021
    Buyer
    Ronin Equity Partners
    Target
    Red Apple Cheese, Barron County Cheese, Cheese Brothers
    Industry
    Food & Beverage
    Location
    United States
    Type
    Buyout

    Ronin Equity Partners acquired Red Apple Cheese, Barron County Cheese and Cheese Brothers and combined them into a newly created, vertically integrated platform to consolidate the U.S. specialty cheese and charcuterie market. The group will operate as an omni-channel platform—combining manufacturing, co-packing and e-commerce—while existing management and founders retain significant stakes and Ronin provides operational and roll‑up expertise.

Related Acquisition Pages

Manufacturing Buyers & Acquisitions 6 tracked deals by Ronin Equity Partners. Food & Beverage Buyers & Acquisitions 2 tracked deals by Ronin Equity Partners. Acquisitions in Georgia 1 tracked deal by Ronin Equity Partners. Acquisitions in New York 1 tracked deal by Ronin Equity Partners. Acquisitions in Wisconsin 1 tracked deal by Ronin Equity Partners.

Related articles

Selling a company? Get in front of buyers like Ronin Equity Partners

Turn tracked acquisition activity into an outreach-ready buyer list.

Find buyers like these →