Capstone Partners 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.
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. [Capstone Partners] 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. [Capstone Partners]’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
