M&A Deal Summary |
|
|---|---|
| Date | 2025-06-19 |
| Target | Specialty Bakers |
| Sector | Food |
| Buyer(s) |
HC Private Investments
Ironwood Capital |
| Sellers(s) | Stonebridge Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Brown Gibbons Lang (BGL) (Financial) |
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HC Private Investments is a private investment firm and family office that provides flexible capital and hands-on strategic support to lower middle-market businesses across the US. The Firm looks to make control-oriented investments ranging from $10 to $40 million—partnering with business owners and management teams. Specific areas of interest include food and ingredients, automation equipment, pet related products, household products, aerospace/defense, and specialty chemicals. HC Private Investments was founded in 2016 and is headquartered in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 8 |
| Sector: Food M&A | 3 of 3 |
| Type: Secondary Buyout M&A Deals | 1 of 1 |
| State: Pennsylvania M&A | 1 of 1 |
| Country: United States M&A | 8 of 8 |
| Year: 2025 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-06-01 |
Artisan Bakery
Louisiana, United States Artisan Bakery brings together innovative bakery and dessert brands under one roof. Artisan Bakery is based in New Orleans, Louisiana. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 1.0B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 97 of 97 |
| Sector: Food M&A | 3 of 3 |
| Type: Secondary Buyout M&A Deals | 10 of 10 |
| State: Pennsylvania M&A | 7 of 7 |
| Country: United States M&A | 97 of 97 |
| Year: 2025 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-02-27 |
H3
Champaign, Illinois, United States H3 is a manufacturer specializing in complex, custom weldments and sheet metal fabrication serving the medical, power, and transportation industries. H3 is comprised of Hi-Grade Welding and Manufacturing and HL Precision Manufacturing. H3 was founded in 2019 and is based in Champaign, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-09-09 |
Groome Industrial Service Group
Denville, New Jersey, United States Groome Industrial Service Group is a provider of industrial cleaning and maintenance services to customers in the natural gas-fired power generation, refinery, manufacturing, construction, marine, and aviation industries. Groome Industrial Service Group was founded in 1969 and is based in Denville, New Jersey. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 900M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Stonebridge Partners is a private equity firm that targets investments in mid-sized privately-owned companies or divisions of public companies primarily serving the industrial or commercial marketplaces. The Firm 'particularly seeks companies where manufacturing equipment, processes, technology, patents, brand identity and/or reputation provide sustainable barriers to entry for potential competitors'. Target sectors include specialty manufacturing, value-added distributors, specialty packaging, building materials, and infrastructure. Stonebridge prefers businesses located in the US and Canada. Stonebridge Partners was formed in 1986 and is based in White Plains, New York.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 23 |
| Sector: Food M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 8 of 8 |
| State: Pennsylvania M&A | 1 of 1 |
| Country: United States M&A | 21 of 22 |
| Year: 2025 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-04 |
Architectural Polymers
Palmerton, Pennsylvania, United States Architectural Polymers is a manufacturer and designer of urethane (rubber) and plastic molds, or form liners, that are used in pre-cast, tilt-up, and pour-in-place concrete construction applications to create textures, patterns, graphic designs and embedded thin brick surfaces on concrete walls. Architectural Polymers was founded in 1992 and is based in Palmerton, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-09-25 |
ADI American Distributors
Randolph, New Jersey, United States ADI American Distributors is a distributor and value-added assembler of electrical components and systems primarily for the global aerospace industry. ADI American Distributors was founded in 1983 and is based in Randolph, New Jersey. |
Sell | $146M |
