M&A Deal Summary

Benford Capital Partners Acquires RP Foods

On October 16, 2023, private equity firm Benford Capital Partners acquired food company RP Foods

Acquisition Highlights
  • This is Benford Capital Partners’ 5th transaction in the Food sector.
  • This is Benford Capital Partners’ 21st transaction in the United States.
  • This is Benford Capital Partners’ 2nd transaction in Texas.

M&A Deal Summary
Date 2023-10-16
Target RP Foods
Sector Food
Buyer(s) Benford Capital Partners
Deal Type Recapitalization

Target

RP Foods

Dallas, Texas, United States
RP Foods is a private label, and B2B Hispanic food and beverage products company selling to retail and CPG food customers across the United States. RP Foods was founded in 1999 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Benford Capital Partners

Chicago, Illinois, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Benford Capital Partners is a private equity investment firm focused on leveraged buyouts and recapitalizations of smaller, lower middle-market companies in the US and Canada. Benford targets niche manufacturers, unique service companies and specialty distributors with minimum sales of $3 million, and at least $1 million in EBITDA. Avoided industries/transactions include retail, restaurants, software, start-ups, real estate, commodity products, and biotech. Benford Capital Partners was formed in 2004 and is based in Chicago, Illinois.

DEAL STATS #
Overall 22 of 24
Sector (Food) 5 of 6
Type (Recapitalization) 8 of 8
State (Texas) 2 of 2
Country (United States) 21 of 23
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 BSC Industries

Canton, Massachusetts, United States

BSC Industries is a value-added distributor and engineered solutions provider of bearings, power transmission components, motion control products, and electrical and automation products sold to OEM and MRO customers across diverse end markets. BSC Industries was formed in 1919 and is headquartered in Canton, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-22 Saco Foods

Middleton, Wisconsin, United States

Saco Foods is a packager and distributor of specialty consumer packaged goods food products. Saco’s primary products include Dolci Frutta, a chocolate hard-shell dessert dip for fruit, nuts, and other snacks, as well as powdered instant milk, powdered dry buttermilk, and baking cocoa sold under the Saco Pantry family of brands. Saco Foods was founded in 1973 and is based in Middleton, Wisconsin.

Sell -
Mergr

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