Private fairness business acquires Kodiak Cakes | 2021-05-25

GREENWICH, CONN. — Personal equity organization L Catterton has obtained superior-for-you foods brand Kodiak Cakes for an undisclosed sum. Existing shareholders which includes Dawn Strategic Companions, Trilantic North The united states and the company’s founders and management team will continue to own a considerable minority stake in the organization.

Dependent in Park Town, Utah, Kodiak Cakes provides an assortment of complete grain pancake and waffle mixes, frozen waffles and pancakes, oatmeal, baking mixes and snacking products. The organization is led by co-founder and main govt officer Joel Clark and co-founder and president Cameron Smith. Merchandise are sold in 26,000 doorways nationwide.

“In identifying a spouse for Kodiak’s next stage of expansion, it was crucial to uncover a crew with the practical experience and capabilities to support our mission of offering an unbeatable array of wonderful tasting and wholesome merchandise for our buyers who are actively navigating today’s frontier,” Mr. Clark claimed. “L Catterton shares our eyesight, and their observe record of serving to improve legendary CPG brands will make the agency an great lover for Kodiak as we continue on to propel our business enterprise forward.”

L Catterton has invested in a range of shopper solutions models, including Cholula, The Trustworthy Co., Kettle Chips, Zarbee’s, Property Chef, Ainsworth Pet Diet, Plum Organics, Wellness Pet Foods, YoCrunch, Ferrara Sweet Co. and Sweet Leaf Tea.

“We are thrilled at the chance to husband or wife with Joel and his remarkable leadership workforce for the upcoming chapter in Kodiak’s evolution,” explained Matt Leeds, companion at L Catterton. “We seem ahead to supporting Kodiak’s continued achievement in the several years to come, and we are honored to welcome these kinds of a beloved brand name into the L Catterton family.”