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Announced

Completed

Swander Pace Capital-backed Patriot Pickle completed the acquisition of First Place Foods.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Food Products

Acquisition

Majority

United States

Private

pickles

Completed

Friendly

Single Bidder

Private Equity

relish products

Synopsis

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Swander Pace Capital-backed Patriot Pickle, a specialist in manufacturing refrigerated pickles and other fermented foods, completed the acquisition of First Place Foods, a manufacturer and distributor of wide range of pickles, jalapeno, and relish products online and in retail. Financial terms were not disclosed. “The First Place Foods acquisition is a transformative opportunity allowing Patriot Pickle to expand geographically, capitalize on national sales opportunities, and provide our customers with dual source manufacturing. Fresh, refrigerated pickles are a key growth area for our foodservice and institutional partners and we are excited to be able to better serve them more directly with this acquisition,” Bill McEntee, Patriot Pickle CEO.

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