Butterfly completed the acquisition of the majority stake in Pete and Gerry’s Organics.

Butterfly, a private equity firm, completed the acquisition of the majority stake in Pete and Gerry’s Organics, a producer of organic, free-range and pasture-raised eggs. Financial terms were not disclosed. “After growing a family business over several decades, Pete and Gerry’s has achieved a position in the market where we are poised to accelerate growth. The choice to bring Butterfly into our family business required careful consideration of the alignment of values, mission, and the intention to build and grow. After meeting with the Butterfly team it was obvious they were the most ideal partner for our business and for all our stakeholders, from family farmers to our customers and consumers,” Jesse Laflamme, Pete and Gerry’s CEO.