Chicago-based private equity firm Benford Capital Partners announced the acquisition of Legacy Bakehouse in partnership with President Peter Sardina, who will continue to lead the company post-closing. The acquisition of Legacy represents the second platform investment.
Founded in 1917 and based in Waukesha, Wisconsin, Legacy Bakehouse is a developer and manufacturer of baked snack ingredients including bagel chips, rye chips, pita chips and other ingredients for CPG and retail customers. In addition to this product portfolio, the company is the brand owner and manufacturer of Pinahs Rye Chips and Snack Mixes.
“We are excited to partner with Benford Capital in our next phase of growth,” said Peter Sardina, President of Legacy Bakehouse. “Our team looks forward to working together to grow with our existing customers, expand our production footprint, and remain committed to exceptional customer service.”
BCP and Legacy plan to invest in enhanced operational capacity and sales capabilities to drive organic growth and will actively pursue add-on acquisitions of other snack component developers and manufacturers.
“Legacy Bakehouse is a great company with a rich history and successful track record,” added Ben Riefe, Managing Director of BCP. “Peter Sardina and the Legacy team have firmly established the company as a leader in baked snack components, and we look forward to executing our value creation plan together.”
“We look forward to building on the Legacy team’s success through leveraging BCP’s Operating Partners and Executive Advisors to help the Company achieve its near-term growth objectives. The acquisition of Legacy marks BCP’s 5th platform investment in the food sector, a key focus area for the firm,” concluded Brian Behm, Principal, BCP.
Read more latest industry news and developments in our free to download magazine.