M&A Deal Summary

Warburg Pincus Acquires FlavorSum

On July 28, 2025, private equity firm Warburg Pincus acquired food company FlavorSum from Riverside

Acquisition Highlights
  • This is Warburg Pincus’ 5th transaction in the Food sector.
  • This is Warburg Pincus’ 240th transaction in the United States.
  • This is Warburg Pincus’ 3rd transaction in Michigan.

M&A Deal Summary

Date 2025-07-28
Target FlavorSum
Sector Food
Buyer(s) Warburg Pincus
Sellers(s) Riverside
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey
Cascadia Capital (Financial)
Jones Day (Legal)

Target

FlavorSum

Kalamazoo, Michigan, United States
FlavorSum is a provider of natural flavor solutions for food & beverage companies. FlavorSum was founded in 1941 and is based in Kalamazoo, Michigan.

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Buyer(S) 1

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 489 of 492
Sector: Food M&A 5 of 5
Type: Secondary Buyout M&A Deals 68 of 70
State: Michigan M&A 3 of 3
Country: United States M&A 240 of 241
Year: 2025 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-28 NEOGOV

El Segundo, California, United States

NEOGOV is a talent management software platform focused on government, education and public sector clients. NEOGOV provides market major software-as-a-service (SaaS) talent management solutions to automate and streamline the recruitment, onboarding and performance evaluation processes for government and other public sector institutions. NEOGOV was founded in 2000 and is based in El Segundo, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-29 Eco Material Technologies

South Jordan, Utah, United States

Eco Material Technologies is a marketer and distributor of fly ash, with an approximately 50% volume share in the U.S. and a national footprint of logistics networks and distribution channels. Eco Material Technologies is based in South Jordan, Utah.

Sell $2.1B

Seller(S) 1

SELLER

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 204 of 207
Sector: Food M&A 7 of 7
Type: Secondary Buyout M&A Deals 82 of 83
State: Michigan M&A 7 of 7
Country: United States M&A 143 of 146
Year: 2025 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-25 Marena

Lawrenceville, Georgia, United States

Marena is a manufacturer of medical-grade compression garments, shapewear, and activewear sold to plastic surgery centers, hospitals, medical providers, patients, and consumers. Marena was founded in 1994 and is based in Lawrenceville, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-12 Performance Systems Integration

Portland, Oregon, United States

Performance Systems Integration (PSI) provides customers with fire and life safety services, including system inspection, service and monitoring, equipment sales, and cylinder repairs, as well as installations for new construction and retrofits in the Pacific Northwest. Performance Systems Integration was founded in 2002 and is based in Portland, Oregon.

Sell -