Saco Foods has been acquired by Fengate Private Equity
Benford Capital Partners has sold Saco Foods to Fengate Private Equity, a division of Fengate Asset Management. Fengate is partnering with Weathervane Investment Corp. to further support the continued growth of the company.
Headquartered in Middleton, Wisconsin, Saco Foods is a well-scaled, diversified and rapidly expanding shelf-stable food platform with multiple brands that hold the #1 position in categories spanning baking, pantry, produce and confectionery. The company’s brands are sold throughout the retail and online channel spectrum, balancing in-store placement across more than 30,000 grocery, mass, club, convenience and dollar store doors with a top-100 digitally native F&B brand on Amazon Seller Central. Saco’s brands include California Sun Dry, Dolci Frutta, Saco Pantry, Solo Foods and Hoosier Hill Farm.
Fengate is a leading alternative investment manager, with more than US$8 billion of capital commitments under management, focused on private equity, infrastructure and real estate strategies. Fengate leverages 50 years of entrepreneurial experience to deliver excellent investment results on behalf of its clients. Fengate Private Equity is a division of Fengate Asset Management.
Benford Capital Partners is a Chicago, Illinois-based private equity firm focused on investments in lower middle-market companies in the industrial technology, consumer and food, agriculture products and services, and B2B e-commerce sectors.
Oaklins TM Capital in the US served as the exclusive financial advisor to Saco Foods, a portfolio company of Benford Capital Partners, in connection with its sale to Fengate Private Equity, a division of Fengate Asset Management.
Ben Riefe
Managing Director, Benford Capital Partners
Talk to the deal team
Craig M. Gibson
Oaklins TM Capital
David M. Felts
Oaklins TM Capital
Related deals
Lumiforte partners with Kartesia to propel global growth and innovation
Lumiforte, a global leader in innovative smart coatings for greenhouse horticulture, sports line-marking and other functional coatings for agriculture and industry, is excited to announce an investment from Kartesia, a European specialist in capital solutions for small and medium-sized companies. Horticoop, a longstanding shareholder of Lumiforte and a key player in the horticultural industry through its investment cooperative, continues to remain a shareholder.
Learn moreYxion has been acquired by Normec
Normec has acquired Dutch consultancy Yxion from Antea. Through this acquisition, Normec continues its acquisition strategy in Europe, while also looking for expansion opportunities in the United States.
Learn moreLuxid Group has sold a minority stake to Voland Partners
Finnish marketing technology pioneer Luxid Group has sold its minority stake to the private equity company Voland Partners to boost its international growth.
Learn more