Canadian family office Skidmore Development Group and Canadian private equity firm SouthPac Partners have partnered in the acquisition of Cinnaroll Bakeries Ltd, a bakery and maker of gourmet cinnamon rolls. Terms weren’t disclosed. Founded in 1987, Calgary’s Cinnaroll markets Cinnaroll by Baker Boys, a wholesale maker of branded baked products, and CinnZeo, a network of café-style cinnamon roll stores. Skidmore and SouthPac said they will focus on accelerating the growth of Cinnaroll’s wholesale business in North America. They will also support the continued growth of the CinnZeo brand in North America and globally.
Skidmore Development Group and SouthPac Partners acquire Cinnaroll Bakeries
Vancouver, September 5, 2017 – Skidmore Development Group and SouthPac Partners announce the acquisition of Cinnaroll Bakeries Ltd., a leading integrated bakery and makers of gourmet cinnamon rolls.
Cinnaroll Bakeries Ltd. markets two brands: Cinnaroll by Baker Boys, a wholesale manufacturer of branded baked product; and CinnZeo (cinnzeo.com), a network of corporate-owned and franchised café style cinnamon roll stores. CinnZeo specializes in producing scratch-baked, in-house-oven hot cinnamon rolls in leading malls and other high-traffic retail locations.
Established in 1987, Cinnaroll Bakeries Ltd. (cinnaroll.com), has grown to become a Canadian market leader in the gourmet baked, Cinnamon Rolls and Treats category, providing fabulous baked goods of uncompromising taste, quality and convenience. Headquartered in Calgary, Alberta, Cinnaroll Bakeries Ltd. owns and operates a 35,000 sq. ft. wholesale bakery facility, servicing grocery and food service customers across North America and has 72 CinnZeo corporate retail and franchised locations in Canada, Mexico and the Gulf countries.
Skidmore Development Group and SouthPac Partners are committed to accelerate the growth of Cinnaroll’s wholesale business in North America and leveraging their expertise in retail and franchising will continue the expansion of the CinnZeo brand throughout North America and internationally.
About Skidmore Development Group Skidmore Development Group is a private investment company focused on delivering long-term growth and value creation in retail, distribution, and real estate sectors. We invest in profitable small and mid-market companies with growth or consolidation opportunities and strong unique value proposition. We partner with owners/founders and passionate entrepreneurial management to build shareholder value, profitable growth, and consistent dividends. Skidmore Development Group is a member of Thomas Skidmore group of companies.
About SouthPac Partners SouthPac Partners is a private investment group based in Vancouver, BC, focused on private operating businesses and real estate assets. Its investment approach is to build value over the long term, leveraging the experience of the principals and their investor network. It focuses on helping business owners with ownership transition, M&A financing, growth capital, land/building purchase, and selective restructuring opportunities.
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Skidmore Development Group Ltd.
Jas Boparai, Managing Director
Jeremy South, Managing Partner
Photo courtesy of Cinnaroll Bakeries Ltd