M&A Deal Summary

Dairy Farmers of America Acquires W&W Dairy

On August 1, 2025, Dairy Farmers of America acquired food company W&W Dairy from Main Street Capital Holdings

Acquisition Highlights
  • This is Dairy Farmers of America’s 8th transaction in the Food sector.
  • This is Dairy Farmers of America’s 8th transaction in the United States.
  • This is Dairy Farmers of America’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2025-08-01
Target W&W Dairy
Sector Food
Buyer(s) Dairy Farmers of America
Sellers(s) Main Street Capital Holdings
Deal Type Add-on Acquisition

Target

W&W Dairy

Monroe, Wisconsin, United States
W&W Dairy is a producer of Hispanic cheeses from its three founding partners. W&W Dairy produces Queso Fresco, Cotija, Quesadilla, Panela, and other cheese varieties within the high-growth Hispanic cheese market. W&W Dairy was founded in 2005 and is based in Monroe, Wisconsin.

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Buyer(S) 1

Buyer

Dairy Farmers of America

Kansas City, Missouri, United States

Category Company
Founded 1967
Sector Food
DESCRIPTION

DFA is a leading milk marketing cooperative and dairy food processor.


DEAL STATS #
Overall 8 of 8
Sector: Food M&A 8 of 8
Type: Add-on Acquisition M&A Deals 6 of 6
State: Wisconsin M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-03 Dean Foods

Dallas, Texas, United States

Dean Foods is a processor and distributor of dairy products. Dean Foods was formed in 1925 and is based in Dallas, Texas.

Buy $433M

Seller(S) 1

SELLER

Main Street Capital Holdings

Pittsburgh, Pennsylvania, United States

Investor Investor


Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a private equity firm that acquires profitable, growth-oriented companies located in the US. Areas of interest include electronic manufacturing services, food, homeland security, metallic alloy parts manufacturers, niche manufacturing, and value-added distribution. Prospective companies should have EBITDA of at least $2 million. Main Street looks to invest $3 to $25 million per transaction in businesses valued up to $125 million. The Firm prefers control situations and will not invest in start-ups, turnarounds, commodities, retail, or restaurants. Main Street Capital Holdings is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 13 of 13
Sector: Food M&A 5 of 5
Type: Add-on Acquisition M&A Deals 7 of 7
State: Wisconsin M&A 1 of 1
Country: United States M&A 12 of 12
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-31 I-Deal Optics

Troy, Michigan, United States

I-Deal Optics is a manufacturer and distributor of quality budget eyewear and sun wear. I-Deal Optics delivers a combination of innovation and quality at the best prices possible across a broad portfolio of products consisting of eight brands and over six hundred styles. I-Deal Optics was founded in 1996 and is based in Troy, Michigan.

Sell -