Swander Pace Capital acquires Maple Donuts
The acquisition is the company's fifteenth investment in the bakery sector.
Courtesy of Maple Donuts
Swander Pace Capital, a private equity firm focused on investing in consumer staples across the food and beverage and health and wellness categories, announced that it has acquired Maple Donuts Inc., a PA-based manufacturer of frozen bakery products. Partners Capital and Constitution Capital Partners served as lead co-investors for the transaction.
Founded in 1946 by the Burnside family, Maple Donuts has grown to become an independent producer of private-label doughnuts servicing a diversified customer base across retail and foodservice channels nationwide.
"The Burnside family recognized the clear benefits that Swander Pace Capital's resources and expertise can provide to help Maple Donuts continue its growth trajectory," says Luke Burnside, EVP of sales at Maple Donuts. "Their deep understanding of the bakery industry, combined with their track record of working with family-owned businesses, makes them the ideal partner for our next chapter. We are excited to work with the Swander Pace Capital team to further expand our product offerings, enhance our production capabilities, and extend our market capabilities while maintaining the high standards of quality that have defined Maple Donuts since its founding."
“We have dedicated our lives to building Maple Donuts into a trusted partner for our customers and a great place to work for our employees. As we transition the business, we are confident that Maple Donuts is in excellent hands for the next chapter with Swander Pace Capital. We look forward to seeing the company continue to thrive under their stewardship,” says Damian and Nathaniel Burnside, co-presidents at Maple Donuts.
"We are thrilled to partner with the Burnside family and the entire Maple Donuts team to support the company's continued growth," said Tyler Matlock, managing director at Swander Pace Capital. “We will continue to look for interesting investment opportunities within the bakery category to further establish Maple Donuts as a value-added partner to its customers. The company's commitment to quality, innovation, and customer service aligns perfectly with our investment philosophy."
The acquisition marks Swander Pace Capital's eighth platform and fifteenth investment in the bakery sector, having completed previous transactions with Boulangerie St. Méthode, Café Valley, Bäckerhaus Veit, Voortman Cookies, Pineridge Bakery, Ideal Snacks, and Nonni's Biscotti. Most recently, Café Valley, another Swander Pace Capital bakery platform manufacturing baked goods for the in-store bakery and foodservice channels, acquired the assets of Freed's Bakery, a manufacturer of iced mini cupcakes for national and regional retailers.
Alantra served as the exclusive financial advisor to Maple Donuts and Stradley Ronan acted as legal counsel. Jones Day was legal counsel for Swander Pace Capital.
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