Advent-backed Sovos Brands completed the acquisition of Birch Benders from BFG Partners.

Advent-backed Sovos Brands, a food company, completed its acquisition of Birch Benders, a just-add-water food products producer, from BFG Partners, a venture capital firm specializing in early-stage food, beverage and consumer products. Financial terms were not disclosed. "Working with Matt, Lizzi and the Birch Benders team for the last six years has been rewarding both personally and professionally. We were lucky to partner with Birch Benders as a very early-stage company and have been impressed by their brand vision, thoughtful innovation and the ability to champion an exceptional leadership team," Tom Spier, BFG Partners Founder and Managing Partner.