Highlander Partners completed the acquisition of a majority stake in Tapatio.

Highlander Partners, a Dallas-based private investment firm, completed the acquisition of a majority stake in Tapatio, a prominent American hot sauce brand. The Arnold Companies also invested a significant minority stake alongside Highlander Partners, and the Saavedra family will retain a minority stake in Tapatio. Financial terms were not disclosed. "We are excited to partner with Tapatio, a generational business that is distinguished by a strong, authentic brand in the fast growing hot sauce category. We believe that Tapatio is poised to benefit from several secular trends that are dramatically reshaping consumer food choices, and we look to take advantage of the brand's significant whitespace opportunity," Jeff L. Hull, Highlander Partners President and CEO.