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.