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Private Equity | Consumer & Retail | Food & Beverage

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.

Parties
“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 seven years of growth and success. Oaklins 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. Oaklins 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

Talk to the deal team

 Craig M. Gibson

Craig M. Gibson

Managing Director
Boston, United States
Oaklins TM Capital
 Kevin  Atchue

Kevin Atchue

Principal
Boston, United States
Oaklins TM Capital
 David M. Felts

David M. Felts

Managing Director
Atlanta, United States
Oaklins TM Capital
 Greg  Berube

Greg Berube

Associate
Boston, United States
Oaklins TM Capital
 Thomas  Portelance

Thomas Portelance

Analyst
Boston, United States
Oaklins TM Capital
 Michael  Sanseverino

Michael Sanseverino

Analyst
New York, United States
Oaklins TM Capital

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