Butterfly, a private equity firm, agreed to acquire Milk Specialties Global, a manufacturer of nutritional ingredients, from American Securities, a private equity firm. Financial terms were not disclosed. “We’ve admired Dave and team from afar for many years and are excited to welcome them to the Butterfly family. We’re confident that Milk Specialties’ industry leadership and best-in-class team, combined with our expertise in the space, will enable us to drive even greater success for the business going forward. We can't wait to see what we can accomplish together,” Adam Waglay and Dustin Beck, Butterfly Co-Founders and Co-CEOs.