Food & Beverage, Consumer | Mergers & Acquisitions, Sponsor Related

Saco Foods has been Acquired by Fengate Private Equity

  • TM Capital served as exclusive financial advisor to Saco Foods Holdings, LLC (“Saco Foods”), a portfolio company of Benford Capital Partners, in connection with its sale to Fengate Private Equity (“Fengate”), 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 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 $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
  • Benford Capital Partners is a Chicago, Illinois-based private equity firm focused on investments in lower middle market companies in the industrial technology, consumer & food, agriculture products & services and B2B e-commerce sectors

Client Testimonial

“Founded over 50 years ago, Saco is a well-recognized, leading shelf-stable food business with a strong reputation for high quality products.  It was Benford Capital’s privilege to work alongside CEO Tom Walzer, the founding Sanna family and Saco’s management team over the last 7 years of growth and success. TM Capital was an important partner in articulating the Saco investment thesis to the market and in building the case for the Company’s continued momentum with its category leading brands.  TM Capital’s long-standing expertise in the food sector paired with their relationships in the investor community and process dedication helped to create a great outcome for the company and our investors”
– Ben Riefe, Managing Director, Benford Capital Partners