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Insignia Capital Group has made an investment in Vancouver, Washington-based Netrush, an Amazon retailer. No financial terms were disclosed. Deloitte Corporate Finance provided financial advice to Netrush on the deal.
Lindora, a provider of medically supervised weight loss and weight management programs, has acquired a new fleet of Zerona Z6 body contouring machines. No financial terms were disclosed. Lindora is backed by Solis Capital Partners and Innovate Partners.
Stonewall Kitchen, a portfolio company of Audax Private Equity, has acquired Vermont Village, a maker of organic apple sauce and apple cider vinegar products. No financial terms were disclosed. Audax acquired Stonewall Kitchen in July 2019.
TorQuest Partners has made an investment in Scarborough, Ontario-based Joriki Inc, a contract manufacturer of beverages and select food products. No financial terms were disclosed. Established in 1990, Joriki has over 200 employees across three Canadian manufacturing facilities located in Scarborough, Ontario, Pickering, Ontario and, Delta, British Columbia.
Highview Capital has acquired Gold Star Foods Inc, a food distributor to K-12 child nutrition programs. No financial terms were disclosed. As part of the agreement, Gold Star will merge with Highview portfolio company Good Source Solutions. The newly combined company will be called GS Foods Group and Sean Leer will serve as CEO.
NexPhase Capital has made an investment in Vernon, California-based Popcornopolis LLC, a maker of ready-to-eat popcorn. No financial terms were disclosed.
Jazwares, which is backed by Alleghany Capital, has acquired Bristol, Pennsylvania-based Wicked Cool Toys Holdings, a toy company. No financial terms were disclosed. Ballard Spahr LLP acted as legal counsel to Jazwares. Baird advised WCT on the transaction with Eckert Seamans Cherin & Mellott LLC providing legal counsel.
As legacy businesses are becoming more and more desperate to attract younger employees, customers and audiences, they are shelling out boatloads of cash to develop incubators and venture arms and are even buying “cool” companies outright. Just recently, for example, AB InBev’s “innovation, incubation and investment” unit ZX Ventures took a stake in a soda […]
ASGARD Partners & Co and Merit Capital Partners have acquired the eyewear business of Revision Military Limited. No financial terms were disclosed. Based in Vermont, Revision is a provider of eye protection for military and tactical use.
Four years after selling Gold Standard Baking, Arbor Investments is again reuniting with the Caparos brothers to buy another baker. Arbor said Tuesday, Oct. 1 that it recapitalized the Bakery Cos, taking a majority stake. Financial terms weren’t announced. Founders Cordia and Tom Harrington are retaining a stake, while the Caparos brothers are also investing. […]
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