Insignia Capital acquires meat snacks provider Tillamook Country Smoker
US-based private equity firm Insignia Capital Group has acquired branded meat snacks provider Tillamook Country Smoker (TCS).
The companies have not disclosed the financial details of the deal.
Insignia Capital Group CEO David Lowe said: "TCS has an outstanding track record of growth and a selection of high-quality, clean-label products.
“We plan to leverage our food investment experience and synergies with our other salty snack investments, Truco Enterprises and Century Snacks, to significantly accelerate growth. We also plan to make significant investments in operations that we expect will drive value for all stakeholders."
TCS is engaged in manufacturing and distributing of hardwood-smoked jerky, meat sticks, as well as other meat snack products primarily through the convenience and grocery retail channels.
TCS founder Dick Crossley said: “We chose Insignia as our partner based on their demonstrated operational and strategic expertise, as well as their shared vision for our brand and our community."
For this transaction, Cascadia Capital served as financial adviser. Ater Wynne served as legal counsel to Tillamook Country Smoker, and Kirkland & Ellis offered legal counsel to Insignia.