M&A Deal Summary

Lakeview Farms Acquires Raymundos Food Group

On October 23, 2024, Lakeview Farms acquired food company Raymundos Food Group from AUA Private Equity Partners

Acquisition Highlights
  • This is Lakeview Farms’ 4th transaction in the Food sector.
  • This is Lakeview Farms’ 4th transaction in the United States.
  • This is Lakeview Farms’ 1st transaction in Illinois.

M&A Deal Summary

Date 2024-10-23
Target Raymundos Food Group
Sector Food
Buyer(s) Lakeview Farms
Sellers(s) AUA Private Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Intrepid Investment Bankers (Financial)

Target

Raymundos Food Group

Bedford Park, Illinois, United States
Raymundos Food Group is a manufacturer and marketer of predominantly branded refrigerated snacks and desserts. The Company’s portfolio of gelatins, flans, puddings and other ready-to-eat products has strong connectivity to the growing Hispanic demographic in the United States, and provides a unique value-proposition to food retailers. Raymundos Food Group is based in Bedford Park, Illinois.

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Buyer(S) 1

Buyer

Lakeview Farms

Delphos, Ohio, United States

Category Company
Founded 1988
Sector Food
DESCRIPTION

Lakeview Farms is a manufacturer of sour cream, dips, and refrigerated desserts and markets its products under store brands as well as its own brands. Lakeview Farms was founded in 1988 and is based in Delphos, Ohio.


DEAL STATS #
Overall 4 of 5
Sector (Food) 4 of 5
Type (Add-on Acquisition) 4 of 4
State (Illinois) 1 of 1
Country (United States) 4 of 5
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 Simply Fresh Foods

Buena Park, California, United States

Simply Fresh Foods produces fresh, all-natural foods for fast-growing segments of the refrigerated products market across a wide range of channels. The company markets its products under several brands. The Rojo’s brand encompasses innovative salsas and dips and is a top label of fresh salsa and layered dips. The company’s San Francisco brand covers a line of seafood salads and has been on the market since 1987.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 noosa

Bellvue, Colorado, United States

noosa is a manufacturer and marketer of premium whole-milk, Australian-style yogurt products, known for its rich, creamy texture and unique flavors. noosa was founded in 2009 and is based in Bellvue, Colorado.

Buy -

Seller(S) 1

SELLER

AUA Private Equity Partners

West Palm Beach, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

AUA Private Equity Partners is an operationally-focused, private equity firm that makes control and significant minority equity investments in companies operating in the consumer, media, and business services sectors. The Firm also targets Hispanic-oriented companies and family-owned businesses located in the US. AUA seeks businesses with at least $5 million in EBITDA and valued up to $250 million. Prospective companies typically have recurring revenue, strong growth prospects, sustainable competitive advantages, and in a position to benefit from 'demographic trends'. AUA Private Equity Partners was formed in 2012 and is based in New York City.


DEAL STATS #
Overall 6 of 6
Sector (Food) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (Illinois) 1 of 1
Country (United States) 6 of 6
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 bistroMD

Naples, Florida, United States

bistroMD is a national, direct-to-consumer doctor-designed and chef-prepared meal delivery subscription service that provides ready-to-eat, gourmet meals, specifically designed for weight loss and long-term weight management. bistroMD was founded in 2005 and is based in Naples, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-16 Tropical Cheese

Perth Amboy, New Jersey, United States

Tropical Cheese offers an assortment of Hispanic cheese, meat, and other food products on the East Coast. Tropical Cheese was formed in 1982 and is based in Perth Amboy, New Jersey.

Buy -