M&A Deal Summary

Turri’s Acquires Joseph s Gourmet Pasta

On July 28, 2025, Turri’s acquired food company Joseph s Gourmet Pasta from LaSalle Capital and NewSpring Capital

Acquisition Highlights
  • This is Turri’s’ 1st transaction in the Food sector.
  • This is Turri’s’ 1st transaction in the United States.
  • This is Turri’s’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2025-07-28
Target Joseph s Gourmet Pasta
Sector Food
Buyer(s) Turri’s
Sellers(s) LaSalle Capital
NewSpring Capital
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Barclay Damon (Legal)

Target

Joseph s Gourmet Pasta

Haverhill, Massachusetts, United States
Joseph's Gourmet Pasta is a manufacturer and marketer of premium frozen stuffed pasta for independent restaurants and national chains and the foodservice, retail and industrial channels. Joseph's Gourmet Pasta was founded in 1991 and is based in Haverhill, Massachusetts.

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Buyer(S) 1

Buyer

Turri’s

Roseville, Michigan, United States

Category Company
Founded 1949
Sector Food
DESCRIPTION

Turri’s provides IQF (“individually quick frozen”) pasta and rice to a diverse customer base, including food manufacturing companies, large CPGs, restaurant chains, national retailers, and distributors. Turri’s was founded in 1949 and is based in Roseville, Michigan.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 2

SELLER

LaSalle Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 345M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LaSalle Capital Group is a private investment firm licensed as a SBIC. LaSalle looks to invest in lower middle-market Midwest-based businesses. LaSalle's areas of interest include consumer and industrial products, food processing, for-profit education, business services, packaging and healthcare. LaSalle will not invest in real estate, commodities, oil and gas, and businesses based on rapidly changing technology. Prospective companies typically have revenue between $20 and $100 million and EBITDA greater than $3 million. The Firm's investment horizon is five to seven years. LaSalle Capital Group was formed in 1984 and is based in Chicago, Illinois.


DEAL STATS #
Overall 33 of 33
Sector: Food M&A 6 of 6
Type: Add-on Acquisition M&A Deals 9 of 9
State: Massachusetts M&A 2 of 2
Country: United States M&A 31 of 31
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-04 BOF

Aurora, Illinois, United States

BOF is a manufacturer of customized gravity-flow merchandising solutions serving the retail industry. BOF was founded in 1953 and is based in Aurora, Illinois.

Sell -
SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 91 of 92
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 51 of 52
State: Massachusetts M&A 10 of 11
Country: United States M&A 90 of 91
Year: 2025 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-30 SiteSpect

Auburndale, Massachusetts, United States

SiteSpect provides a comprehensive digital optimization platform, enabling successful online businesses to significantly improve conversion rates and revenue. SiteSpect is based in Auburndale, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-09 Interactions

Franklin, Massachusetts, United States

Interactions provides a revolutionary offering for the customer service market that enables companies to dramatically improve the customer experience and substantially lower costs. Solving the problems inherent to speech recognition and outsourcing, Interactions' Intent Recognition(tm) is a generation leaping approach that enables significantly higher automation rates that address a much broader and more complex range of customer interactions. Interactions was founded in 2004 and is based in Franklin, Massachusetts.

Sell -