Sale to Audax Private Equity

Consumer
Sale to Audax Private Equity

Summary

Baird served as the exclusive financial advisor to Stonewall Kitchen, LLC on this transaction

About

Stonewall Kitchen, LLC (“Stonewall Kitchen” or the “Company”), a portfolio company of Centre Partners Management LLC (“Centre Partners”), was recently acquired by Audax Private Equity (“Audax”). Terms of the transaction were not disclosed.

Stonewall Kitchen is a premier specialty food platform founded in 1991. The Company produces artisanal, flavor-forward products in over 20 specialty food categories through its family of premium quality brands, including the flagship Stonewall Kitchen® brand; the Tillen Farms® brand of pickled vegetables and cocktail cherries; the Napa Valley Naturals® brand of olive oils, culinary oils, balsamic vinegars and wine vinegars; the Montebello® brand of artisan organic pasta imported from Italy; and the Legal Sea Foods® brand of restaurant-quality seafood sauces and condiments. The Company boasts more than 6,000 wholesale accounts nationwide and internationally; a thriving e-commerce division; cooking schools and cafés; and nine retail Company Stores throughout New England. As winners of 28 prestigious awards from the Specialty Food Association and the recipient of the coveted Outstanding Product Line Honors three times, Stonewall Kitchen is proud to be one of the most awarded specialty food companies in the country. Stonewall Kitchen is headquartered in York, Maine.

Founded in 1986, Centre Partners is a leading middle-market private equity firm focusing on the consumer and healthcare sectors, with offices in New York and Los Angeles. Centre has invested over $2 billion of equity capital in more than 80 transactions since its inception. Centre seeks to partner with founders and management teams to build exceptional businesses. Centre Partners provides management teams access to its unique resources, including an extended network of experienced and proven operating executives.

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, Audax has raised over $25 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $5 billion in more than 125 platforms and 775 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 240 employees and over 100 investment professionals, Audax is a leading capital partner for North American middle market companies.
CONTACT US TO LEARN MORE
Consumer
Sale to Audax Private Equity
Date
July 2019
Company
Stonewall Kitchen, LLC
Transaction
M&A
Sectors
Consumer
Target Location
North America
Acquiror Location
North America

Share