Food & Beverage Acquisitions in Texas
Texas Food & Beverage Deal Themes
Texas Food & Beverage acquisitions draw a mix of large strategic buyers and growth-focused investors, with deals spanning coffee, snacks, frozen foods, beverages, and spirits.
Across 2016–2026, recurring acquirers include PepsiCo, Inc., Sazerac Company, PAK Quality Foods, and multiple private equity–backed platforms such as Riveter Capital, Brookside Capital Partners, Benford Capital Partners, L Catterton, and Entrepreneurial Equity Partners (e2p). Several transactions also emphasize expanding manufacturing capacity, product capabilities, and distribution reach in Texas and nearby states.
In recent Texas deals, buyers often pursue brands or production platforms that fit targeted channels—such as K-12 school beverages, premium “better-for-you” meat snacks, and RTD spirits—while some distributors consolidate regional footprints to serve customers across the region.
What Stands Out
- PepsiCo, Inc. has made multiple Texas-market moves, including closed acquisitions of poppi and Siete Foods.
- Platform and roll-up activity appears in distribution and manufacturing: PAK Quality Foods acquired regional food-distributor businesses to broaden Texas and neighboring-state reach.
- Spirits and beverages remain active in Texas, with Sazerac Company acquiring Western Son Vodka and Distillery and High Basin Brands adding the Can-Tini RTD brand.
- Capacity- and capability-driven deals show up in food manufacturing, such as MBC Companies adding Alpha Foods’ frozen pizza production facility.
- Texas also features targeted channel strategy, including Frazil expanding in K-12 with the acquisition of Trident Beverage.
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- Buyer
- Royal Cup Coffee and Tea, Braemont Capital
- Target
- Farmer Brothers Coffee Co.
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Royal Cup Coffee and Tea entered into a definitive, all-cash agreement to acquire publicly traded Farmer Brothers Coffee Co. for $1.29 per share, valuing the deal at about $28 million. The transaction is expected to close in the second quarter of 2026, subject to shareholder approval and other customary closing conditions.
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February 5, 2026
- Buyer
- Western Smokehouse Partners
- Target
- Junior's Smokehouse
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Western Smokehouse Partners, a producer of premium better-for-you meat snacks, acquired Junior's Smokehouse, a Texas-based handcrafted jerky and meat products manufacturer. The deal expands Western’s national footprint and adds manufacturing capacity and product capabilities, with plans to build a second facility near Junior's in El Campo, Texas.
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- Buyer
- PAK Quality Foods LLC, Cross Rapids Capital L.P.
- Target
- H&R Foods, Vernon Transportation LP, AmTex H&R Foods LLP, Inc.
- Seller
- Vernon Transportation LP, AmTex H&R Foods LLP, Inc.
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Addon
PAK Quality Foods LLC, a portfolio company of Cross Rapids Capital, has acquired substantially all assets of Vernon Transportation LP and AmTex H&R Foods LLP, which operate as H&R Foods, a regional food distributor based in Amarillo, Texas. The deal expands PAK Quality Foods’ product and service offerings and broadens its customer footprint across Texas and neighboring states; H&R Foods’ leadership (John and Barry Vernon) will remain with the business.
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October 1, 2025
- Buyer
- Sazerac Company
- Target
- Western Son Vodka and Distillery
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Sazerac Company has acquired Western Son Vodka and Distillery, a Texas-based small-batch spirits maker. The acquisition adds the Western Son brand and production capacity to Sazerac’s global spirits portfolio, supporting portfolio and capability expansion.
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September 11, 2025
- Buyer
- MBC Companies, Entrepreneurial Equity Partners (e2p)
- Target
- Alpha Foods
- Seller
- Sarandos family
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Addon
MBC Companies, a portfolio company of Entrepreneurial Equity Partners (e2p), has acquired Alpha Foods, a family-owned frozen pizza manufacturer based in Waller, Texas. The deal adds Alpha's purpose-built 115,000 sq. ft. facility to MBC's footprint, expanding manufacturing capacity and pizza capabilities to better serve K-12, retail grocery and foodservice customers; terms were not disclosed.
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July 23, 2025
- Buyer
- PAK Quality Foods, Cross Rapids Capital
- Target
- Formosa Foods (Las Colinas International Inc.)
- Seller
- Las Colinas International Inc. (Formosa Foods), Jesse Chang, Weldon Chang
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Addon
Fort Worth-based PAK Quality Foods has acquired the assets of Las Colinas International Inc. (Formosa Foods), a Dallas family-owned foodservice distributor, expanding PAK's product mix and geographic reach across Texas, Oklahoma, Louisiana and Arkansas. The Formosa owners, Jesse and Weldon Chang, will continue to lead the business and have made an investment in PAK; the move builds on PAK's expansion under PE owner Cross Rapids Capital.
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May 19, 2025
- Buyer
- PepsiCo, Inc.
- Target
- poppi
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
PepsiCo has closed its acquisition of poppi, the prebiotic soda brand, for $1.95 billion (including $300 million of anticipated cash tax benefits), for a net purchase price of $1.65 billion. The deal also includes a performance-based earnout contingent on achieving certain performance metrics.
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May 1, 2025
- Buyer
- High Basin Brands
- Target
- Can-Tini
- Seller
- Henry Rathjen (founder of Can-Tini)
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
High Basin Brands, a Texas-based spirits company, has acquired Can-Tini, an Austin-based ready-to-drink (RTD) nitrogen-infused espresso martini brand. The acquisition expands High Basin's premium RTD and spirits portfolio—joining Treaty Oak Distilling and Ghost Hill Organic Vodka—and provides Can-Tini with broader distribution and scaling resources.
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- Buyer
- Apheon, Millbio NA
- Target
- Cain Food Industries Inc.
- Seller
- Cain Food shareholders (including top management and founding family members)
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Addon
Luxembourg-based private equity firm Apheon has acquired Dallas-based Cain Food Industries and merged it with its portfolio company Millbio (Milan) to create a global clean-label bakery ingredients group. The combined business will operate in North America as Cain Food Industries Inc., with Cain's CEO Tom McCurry leading regional operations; financial terms were not disclosed.
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January 27, 2025
- Buyer
- Frazil
- Target
- Trident Beverage
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Frazil, the leading U.S. slush brand, has acquired Trident Beverage, maker of the Juice Alive 100% juice slush for K-12 schools. The acquisition expands Frazil’s presence in the K-12 channel and combines Trident’s school-focused product line with Frazil’s broader frozen-beverage platform and distribution.
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January 17, 2025
- Buyer
- PepsiCo, Inc.
- Target
- Garza Food Ventures LLC, dba Siete Foods (Siete Foods)
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
PepsiCo has closed its acquisition of Garza Food Ventures LLC, doing business as Siete Foods, for $1.2 billion. The deal expands PepsiCo’s convenient foods portfolio with Siete’s heritage-inspired, better-for-you Mexican-American brands and products.
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September 30, 2024
- Buyer
- John Paul DeJoria
- Target
- Waterloo Gin
- Seller
- Treaty Oak Distilling
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Entrepreneur John Paul DeJoria has purchased Waterloo Gin, the Texas-crafted gin brand developed by Treaty Oak Distilling in Dripping Springs, Texas. DeJoria plans a brand refresh and expanded national distribution while retaining the recipe and production process; Justin Meigs will lead the company as CEO.
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September 10, 2024
- Buyer
- Rotunda Capital Partners
- Target
- Mama Lycha Foods
- Seller
- Padilla family (founders)
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Recapitalization
Rotunda Capital Partners has invested in Mama Lycha Foods in a recapitalization alongside the Padilla family, positioning Mama Lycha as a platform for accelerated growth. Mama Lycha is a Houston-based manufacturer and distributor of Latin American food products with 600+ SKUs, serving 750+ retail grocery customers and 150+ regional distributors across 37 U.S. states and 4 Canadian provinces; longtime executive Luis Marconi will become Executive Chairman.
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September 1, 2024
- Buyer
- The Anderson Group, LLC
- Target
- Double B Foods, Inc.
- Seller
- Existing shareholders of Double B Foods (unnamed)
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
The Anderson Group, LLC has acquired Double B Foods, Inc., partnering with Double B's executive management team led by CEO Patrick O'Ray and CFO Don Wall. The deal provides Double B with capital to accelerate organic growth, expand customer relationships across retail (primarily private label) and foodservice channels, and pursue complementary add-on acquisitions under Anderson's ownership.
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- Buyer
- Riverarch Equity Partners
- Target
- Hill Country Dairies
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Riverarch Equity Partners has made a majority investment in Hill Country Dairies (HCD), a Texas-based full-service dairy distributor serving foodservice customers through a high-touch DSD model. Riverarch will take board seats and partner with HCD’s management to accelerate growth through product, geographic, and service-line expansion, supported by senior debt from Principal Asset Management and Manulife Investment Management.
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July 8, 2024
- Buyer
- GrubMarket
- Target
- Brothers Produce
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
GrubMarket has completed the acquisition of Houston-based Brothers Produce, a major foodservice distributor operating three distribution centers across Texas and serving more than 6,000 customers across the Southwestern U.S. Brothers Produce's temperature-controlled warehousing and fleet of refrigerated vehicles will be integrated with GrubMarket's AI-powered WholesaleWare ERP and logistics platform to expand GrubMarket's footprint and capabilities in Texas and the surrounding region.
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March 25, 2024
- Buyer
- Sazerac Company
- Target
- BuzzBallz (d/b/a Southern Champion)
- Seller
- Merrilee Kick and the Kick family
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Sazerac Company has acquired BuzzBallz (dba Southern Champion), the Dallas-area ready-to-drink cocktail maker founded by Merrilee Kick. The deal will add BuzzBallz's spherical RTD cocktail portfolio to Sazerac’s spirits platform and support international and U.S. distribution expansion; financial terms were not disclosed.
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February 5, 2024
- Buyer
- InReach (Sodexo North America)
- Target
- Five Star Food Services
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Sodexo's InReach, the foodservice arm of Sodexo North America, has acquired Five Star Food Services, a family-owned foodservice provider headquartered in Stafford, Texas. The purchase expands InReach's presence in the Houston area and integrates Five Star's local contract catering capabilities into Sodexo's Houston operations.
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February 1, 2024
- Buyer
- Trek One Capital
- Target
- Alter Eco Foods
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Trek One Capital, a Houston-based private equity firm, has completed the acquisition of Alter Eco Foods, a premium organic chocolate and snack manufacturer. Trek One will partner with recently appointed CEO Keith Bearden to grow Alter Eco’s presence in the organic/natural retail channel across the U.S., Canada, Australia and New Zealand.
-
- Buyer
- Cross Rapids Capital LP
- Target
- PAK Quality Foods, LLC, D Bar Cold Storage, LLC (dba FrigiServe)
- Seller
- Gary Stokes and Patty Stokes (founders / existing shareholders)
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Recapitalization
An affiliate of Cross Rapids Capital completed an equity recapitalization of PAK Quality Foods, LLC (which includes D Bar Cold Storage d/b/a FrigiServe). The transaction brings in Cross Rapids' capital and resources to support growth and expansion; John Pieper was appointed CEO while founders Gary and Patty Stokes remain significant shareholders. Debt for the recapitalization was provided by Maranon Capital L.P. and Manulife Investment Management.
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- Buyer
- Imperial Dade
- Target
- Wedge Supply, LLC
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Addon
Imperial Dade has acquired Wedge Supply, LLC, a two-location distributor of janitorial supplies and foodservice packaging serving the Dallas/Fort Worth area. The founder, Kevin Wedge, will remain with the business as Imperial Dade continues to expand its presence in Texas; financial terms were not disclosed.
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November 29, 2023
- Buyer
- Gum Products International, Inc., Benford Capital Partners
- Target
- International Protein Colloids, Inc.
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Addon
Benford Capital Partners’ portfolio company Gum Products International has completed an add-on acquisition of International Protein Colloids, a Venus, Texas-based manufacturer of proprietary gelatin and protein blends for pet treat and pet food customers. The deal will expand GPI’s product portfolio and presence in the pet end market; IPC will continue operating from its current location under President David Walsh.
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October 16, 2023
- Buyer
- Benford Capital Partners, NorthCoast Mezzanine
- Target
- RP Foods, LLC
- Seller
- Guillermo Trevino, Longinos Zuniga
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Recapitalization
Chicago-based private equity firm Benford Capital Partners completed a recapitalization of Dallas-based RP Foods, partnering with Founder and CEO Guillermo Trevino and VP of Sales Longinos Zuniga, who will remain with the company. The investment will fund sales & marketing, operational capability upgrades, product portfolio expansion and support pursuit of add-on acquisitions.
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July 12, 2023
- Buyer
- Azalea Capital
- Target
- Brittle-Brittle, Inc.
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Growth capital
Azalea Capital has made a platform investment in Brittle-Brittle, Inc., a DeSoto, Texas-based maker of all-natural peanut brittle, toffees and other nut-based confections. As part of the deal Susan DiPietro joins as CEO and the Brown family will remain owners and continue to run day-to-day operations; Azalea intends to expand product lines, distribution and pursue add-on targets in the confectionery/snack segment.
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- Buyer
- LongueVue Capital
- Target
- Global Gourmet Food Solutions
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Growth capital
LongueVue Capital, a New Orleans-based growth equity firm, invested growth capital in Global Gourmet Food Solutions to support the company's continued expansion and production capacity growth. Global Gourmet, headquartered in Garland, Texas, is a manufacturer of specialty frozen ready-to-cook and ready-to-eat foods serving retail, food service, distribution, education, and institutional customers nationwide.
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- Buyer
- Patriot Pickle, Swander Pace Capital
- Target
- First Place Foods, LLC
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Addon
Patriot Pickle, a Swander Pace Capital portfolio company, has acquired First Place Foods, a Garland, Texas-based producer of fresh and fermented pickles, relishes, and other pickled vegetables. The acquisition expands Patriot Pickle's geographic footprint and manufacturing capacity to serve national restaurant, foodservice and institutional customers with dual-source refrigerated and shelf-stable pickled products as part of its platform growth strategy.
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April 29, 2023
- Buyer
- Trinity Investors
- Target
- Waterloo Sparkling Water
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Recapitalization
Trinity Investors invested $34.5 million in Waterloo Sparkling Water, an Austin-based flavored sparkling water consumer packaged goods brand, in a recapitalization to fund the company's growth. Waterloo, founded in 2017, has posted strong revenue growth and is noted for its in-house flavor development and category-leading sales velocity.
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April 19, 2023
- Buyer
- Universal Pure LLC, Aurora Capital Partners
- Target
- Texas Food Solutions
- Seller
- Texas Food Solutions
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Addon
Universal Pure LLC, a portfolio company of Aurora Capital Partners, has entered into a purchase agreement to acquire all High Pressure Processing (HPP) assets of Texas Food Solutions. The transaction expands Universal Pure's HPP and cold‑chain capacity in southeast Texas and Louisiana, adding redundancy and supporting growth across its facility network.
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- Buyer
- Riveter Capital
- Target
- Twelve Oaks Catering Company
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Addon
Riveter Capital, a Miami-based private equity firm focused on women- and minority-led businesses, completed the add-on acquisition of Twelve Oaks Catering, a Dallas-based provider of nutritious school and daycare meals. The deal expands Riveter's school-meals platform (which includes The Healthy Lunch Box) into the Dallas market and strengthens its presence across Texas.
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February 23, 2023
- Buyer
- Sweet Harvest Foods Holdings
- Target
- Sweet River Honey
- Seller
- Matt Halbgewachs
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Sweet Harvest Foods Holdings (SHFH), a leading U.S. natural sweetener platform, has acquired Sweet River Honey, a beekeeping business based in Driftwood, Texas. The acquisition adds hives and beekeeping expertise to SHFH's portfolio to expand its sustainable, hive-to-table honey supply and support broader distribution through SHFH's existing channels.
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February 2, 2023
- Buyer
- JTM Foods, LLC (dba JJ's Bakery)
- Target
- Cookies-n-Milk (CnM)
- Seller
- Cookies-n-Milk family owners
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
JTM Foods, LLC (dba JJ’s Bakery) has acquired Cookies-n-Milk (CnM), a family‑owned producer of edible cookie dough bites, individually wrapped cookies and brownies, donut holes and ready‑to‑bake frozen cookie doughs. Cookies‑n‑Milk operates a production facility in McKinney, Texas, and JTM said the acquisition strengthens its sweet goods portfolio and will leverage JTM's operations and sales capabilities to expand the edible cookie dough category nationally.
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December 8, 2022
- Buyer
- Keurig Dr Pepper
- Target
- Nutrabolt
- Seller
- MidOcean Partners
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Growth capital
Keurig Dr Pepper entered a strategic partnership with Nutrabolt, acquiring a minority equity stake (reported ~30%, ~$863M) and agreeing a long-term sales and distribution arrangement. The transaction coincides with MidOcean Partners' exit of its investment in Nutrabolt, the owner of brands including C4 Energy, Cellucor and XTEND.
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September 27, 2022
- Buyer
- Decathlon Capital Partners
- Target
- It's Skinny
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Growth capital
Decathlon Capital Partners has provided revenue-based growth capital to It's Skinny, an Austin-based maker of low-calorie, konjac-based pasta. The non-dilutive financing will support new product introductions and expanded distribution across digital and retail channels; terms were not disclosed.
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- Buyer
- Investindustrial (investment company indirectly held by Investindustrial VII L.P.)
- Target
- Parker Food Group
- Seller
- The Riverside Company
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
An investment vehicle held by Investindustrial VII L.P. has acquired Parker Food Group (PFG), a Fort Worth–based developer and manufacturer of specialty inclusions, toppings and bakery/confectionery components, from The Riverside Company. Investindustrial plans to integrate PFG into its broader food ingredients group to accelerate growth and expand capabilities and market reach.
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- Buyer
- SYSTM Foods, PowerPlant Partners, SYSTM Brands
- Target
- Chameleon Cold-Brew (Chameleon Organic Coffee)
- Seller
- Nestlé USA, Inc.
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Divestiture
SYSTM Foods, a food & beverage brand platform formed by SYSTM Brands and PowerPlant Partners, has acquired Chameleon Organic Coffee (Chameleon Cold-Brew) from Nestlé USA. The acquisition brings a leading organic cold-brew brand into SYSTM Foods’ portfolio to accelerate product innovation, expand distribution, and support global growth of the brand.
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June 7, 2022
- Buyer
- Standard Meat Company
- Target
- Syracuse Sausage
- Seller
- Bobby Musacchio, Anthony Musacchio
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Standard Meat Company, a Fort Worth, Texas-based meatpacker owned by the Rosenthal family, has acquired Syracuse Sausage of Ponder, Texas. The deal brings Syracuse's sausage manufacturing capabilities and customer relationships (national restaurant chains, major grocery stores and meal-kit companies) into Standard Meat's operations, with industry veteran Chris Horan tapped to lead the new division.
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April 19, 2022
- Buyer
- Treaty Oak Equity LLC
- Target
- DJ's Boudain, LLC
- Seller
- Linda Morris
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Recapitalization
Treaty Oak Equity LLC acquired and recapitalized DJ's Boudain, LLC in a transaction that closed March 31, 2022. Treaty Oak (via a newly formed affiliate) completed the purchase from the company/founding ownership to provide liquidity and support future growth for the Beaumont, Texas specialty Cajun food manufacturer.
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- Buyer
- Valesco Industries, Brookside Capital Partners, Midwest Growth Partners, Deason Capital, Daniel Shannon
- Target
- Adams Flavors, Foods & Ingredients (Central Texas Ingredients I, LLC)
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
On March 3, 2022 Valesco Industries (via Valesco Fund II) closed a majority buyout and control recapitalization of Central Texas Ingredients I, LLC (dba Adams Flavors, Foods & Ingredients) in Gonzales, Texas. The transaction included co-investors Brookside Capital Partners, Deason Capital, Midwest Growth Partners and CEO Daniel (Dan) Shannon; proceeds will support new private label programs and nationwide expansion of the Adams brand.
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- Buyer
- GP Capital Partners, LP
- Target
- Qualitas Health d/b/a iwi
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Growth capital
Houston-based GP Capital Partners provided an $8 million strategic growth investment in Qualitas Health d/b/a iwi, including $5.5 million in senior secured term debt and a $2.5 million direct equity investment. iwi will use the proceeds to accelerate sales, ramp development and marketing of a new protein product, and expand into international markets.
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January 4, 2022
- Buyer
- Sweet Harvest Foods, Blue Road Capital
- Target
- Nature Nate's Honey Co.
- Seller
- Nathan Sheets
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Addon
Sweet Harvest Foods, a natural sweeteners platform in the Blue Road Capital portfolio, has purchased Nature Nate's Honey Co. from founder Nathan Sheets and will merge the brand into the Sweet Harvest platform. The deal brings the leading U.S. branded honey business together with Sweet Harvest to accelerate growth of the honey and natural sweetener market and expand retail availability.
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December 3, 2021
- Buyer
- Vimian Group AB, Nextmune (Vimian Group Specialty Pharma segment)
- Target
- GlobalOne Pet Products LLC
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Vimian Group's Specialty Pharma segment Nextmune has acquired GlobalOne Pet Products LLC, a US-based maker of super-premium, rawhide-free pet treats and chews. The deal is valued at USD 50 million plus up to USD 30 million in earnouts, and will be consolidated into Vimian's Specialty Pharma segment; GlobalOne's co-founder Michael Farmer will continue to lead the business.
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November 12, 2021
- Buyer
- Riveter Capital
- Target
- Healthy Lunch Box, Inc.
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Riveter Capital, a women-owned private equity firm, completed the acquisition of Healthy Lunch Box, Inc., a Houston-based provider of nutritious cafeteria-style meals to charter schools, private schools, Head Start programs, health clinics, and adult-care centers. The deal — Riveter's first investment — will support growth and operational expansion under new president Nakita Johnson while honoring founder Theresa Barajas' legacy.
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November 9, 2021
- Buyer
- Gourmerica Inc.
- Target
- Dave's Gourmet LLC
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Growth capital
Gourmerica Inc. made an investment in and formed a strategic partnership with Dave's Gourmet LLC to accelerate the specialty food brand's growth and support future M&A activity. As part of the transaction, David Neuman joined Dave's Gourmet as President; 41 North LLC acted as financial advisor and Dominion Bank provided senior financing support.
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September 30, 2021
- Buyer
- Sauer Brands Inc., Falfurrias Capital Partners
- Target
- Mateo's Gourmet Salsa
- Seller
- Mateo's Gourmet Salsa, Andrew Robbins
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Addon
Sauer Brands Inc., a portfolio company of Falfurrias Capital Partners, has acquired Mateo's Gourmet Salsa, a leading independent shelf-stable salsa brand based in Frisco, Texas. Terms were not disclosed; the deal is an add-on to Sauer's packaged foods platform to expand into the salsa category and broaden its retail distribution.
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September 22, 2021
- Buyer
- The Jordan Company, L.P. (TJC), Resolute Fund V (affiliate)
- Target
- Sunny Sky Products, LLC
- Seller
- Seidler Equity Partners
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
An affiliate of The Jordan Company’s Resolute Fund V has completed a majority investment in Sunny Sky Products, providing an exit for minority investor Seidler Equity Partners. Founder and CEO Ashley Edens remains in place and TJC’s capital will support Sunny Sky’s organic growth and strategic M&A activity.
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September 1, 2021
- Buyer
- Performance Food Group Company
- Target
- Core‑Mark Holding Company, Inc.
- Seller
- Core‑Mark shareholders
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Performance Food Group Company (PFG) has completed the acquisition of Core‑Mark Holding Company, Inc., creating a combined convenience-store distribution business operating under the Core‑Mark brand and headquartered in Westlake, Texas. The deal, valued at about $2.5 billion including net debt, was structured as a stock-and-cash transaction and brings Core‑Mark's ~7,500–8,000 employees, 32 distribution centers and ~40,000 customer locations into PFG's Vistar segment.
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- Buyer
- Catalent, Inc.
- Target
- Bettera Holdings, LLC (Bettera Brands)
- Seller
- Highlander Partners
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Catalent, Inc. agreed to acquire Bettera Holdings, LLC (Bettera Brands) from Highlander Partners for $1 billion. The acquisition expands Catalent's consumer health and nutraceutical manufacturing capabilities—adding Bettera's gummy, soft chew, and lozenge production capacity and approximately 500 employees across four U.S. facilities.
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August 12, 2021
- Buyer
- Kainos Capital
- Target
- Muenster Milling
- Seller
- Mitch Felderhoff, Chad Felderhoff
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Kainos Capital, a Dallas-based private equity firm focused on food and consumer businesses, has acquired Muenster Milling, a fourth-generation pet food and ingredient manufacturer based in Muenster, Texas. The transaction partners Kainos with owners Mitch and Chad Felderhoff to scale Muenster's manufacturing capabilities and build a broader pet food and ingredient platform within Kainos' portfolio.
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- Buyer
- Warburg Pincus, Tilia Holdings
- Target
- FlexXray Holdings, LLC
- Seller
- Levine Leichtman Capital Partners
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Warburg Pincus and Tilia Holdings have acquired FlexXray, a leading provider of x-ray inspection and recovery services for the food industry, from Levine Leichtman Capital Partners. The investment is intended to support FlexXray's growth and expansion of its food-safety inspection capabilities and geographic reach; financial terms were not disclosed.
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- Buyer
- Satori Capital, Brookside Capital Partners
- Target
- Formulife
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Buyout
Satori Capital has acquired Formulife, a specialty contract manufacturer of custom-formulated nutritional supplements based in Allen, Texas. Brookside Capital Partners provided a unitranche debt facility and an equity co-investment to facilitate the transaction; Satori will use part of the investment to complete a major expansion of Formulife's production facility to more than double capacity and reduce customer lead times.
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Frequently Asked Questions
Which buyers are most commonly appearing in Texas Food & Beverage acquisitions?
Recurring buyers include PepsiCo, Inc., Riveter Capital, Brookside Capital Partners, Benford Capital Partners, 2x Consumer Products Growth Partners (2x Partners), L Catterton, The Good Bean, Entrepreneurial Equity Partners (e2p), plus companies like PAK Quality Foods, Sazerac Company, and Western Smokehouse Partners.
What types of Food & Beverage deals are most common in Texas?
Themes include acquisition of consumer brands (including beverages and snacks), expansion of manufacturing capacity (e.g., frozen foods and pizza production), and regional distribution footprint expansion (notably by food distributors based in Texas).
Are these acquisitions concentrated in specific parts of Texas?
Recent deal activity is described across Texas locations, including Amarillo (distribution), Fort Worth and Dallas (distribution and foodservice), Waller (frozen pizza manufacturing), and Austin/Dripping Springs areas (spirits and beverages).
Do the deals typically disclose pricing and terms?
Some deals include purchase prices and conditions (for example, PepsiCo’s acquisitions and Royal Cup Coffee and Tea’s agreement), while others note that financial terms were not disclosed.