Centre Partners Sells Stonewall Kitchen To Audax Private Equity
U.S. middle market private equity firm Centre Partners has sold Stonewall Kitchen to Audax Private Equity. Stonewall Kitchen is a manufacturer of premium branded speciality food and gift products, including jams, olive oils, bottled sauces, crackers and pancake mixes.
David Jaffe, Managing Partner of Centre Partners, stated, “In partnership with the management team, we established Stonewall Kitchen as the premier speciality foods platform in North America through strategic expansion into new channels, categories, customers and brands. Stonewall Kitchen is well positioned for continued growth, and we wish the team success under new ownership.”
Baird acted as exclusive financial advisor and Greenberg Traurig, LLP and Akerman LLP acted as legal counsel to Stonewall Kitchen. Terms of the transaction were not disclosed.