M&A Deal Summary

One Equity Partners Acquires CraftMark Bakery

On March 25, 2025, private equity firm One Equity Partners acquired food company CraftMark Bakery from CIC Partners

Acquisition Highlights
  • This is One Equity Partners’ 4th transaction in the Food sector.
  • This is One Equity Partners’ 80th transaction in the United States.
  • This is One Equity Partners’ 2nd transaction in Indiana.

M&A Deal Summary

Date 2025-03-25
Target CraftMark Bakery
Sector Food
Buyer(s) One Equity Partners
Sellers(s) CIC Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)

Target

CraftMark Bakery

Indianapolis, Indiana, United States
CraftMark Bakery is a supplier of frozen bakery products to food service and in-store bakery (ISB) customers. The company's state-of-the-art facility has the ability to supply a wide array of frozen bakery products, including bread dough, cookies, and flatbread. CraftMark Bakery was formed in 2013 and is based in Indianapolis, Indiana.

Search 205,615 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $150 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York, New York.


DEAL STATS #
Overall 134 of 134
Sector (Food) 4 of 4
Type (Secondary Buyout) 22 of 22
State (Indiana) 2 of 2
Country (United States) 80 of 80
Year (2025) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-18 Wheeler Fleet Solutions

Somerset, Pennsylvania, United States

Wheeler Fleet Solutions is an online wholesale distributor of truck parts. The Company supply heavy, medium, and light-duty parts online. Wheeler Fleet Solutions was formed in 1960 and is headquartered in Somerset, Pennsylvania.

Buy $230M

Seller(S) 1

SELLER

CIC Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.


DEAL STATS #
Overall 32 of 32
Sector (Food) 6 of 6
Type (Secondary Buyout) 9 of 9
State (Indiana) 1 of 1
Country (United States) 31 of 31
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-10 McClancy

Fort Mill, South Carolina, United States

McClancy is a custom manufacturer of breading, batters, seasonings, spices, and dry-mixes serving the food service, retail, and contract manufacturing industries. The company utilizes its research and development center to create distinctive and customizable products to meet the changing needs of its national customer base. McClancy was formed in 1947 and is based in Fort Mill, South Carolina.

Sell -