Insignia Capital Group has agreed to sell Truco Enterprises to publicly traded Utz Brands for $480 million. Insignia acquired Truco in June 2014 from Arbor Investments which had purchased the company in 2004. Truco Enterprises is an asset-light developer and marketer of tortilla chips, salsa, and queso under the On The Border (OTB) brand. Truco’s […]
Archives for November 17, 2020
Buttered or Plain? Champlain Acquires Bad Monkey
Champlain Financial Corporation and a group of co-investors have acquired Bad Monkey, a maker and marketer of popcorn and other confectionery products. Bad Monkey’s ready-to-eat and microwavable popcorns are sold through major grocery retail chains, convenience stores, and drugstores. The company was founded by brothers Joseph and Fabio Zeppilli (in their youth, their mother nicknamed […]
Lincoln – Sponsors and Lenders Beating COVID-19
Lincoln International has released the results of its third-quarter middle-market index (Lincoln MMI) which tracks changes in the enterprise values of US-based privately-held middle-market companies—primarily those owned by private equity firms. Lincoln’s new report is based on its database of over 2,200 private equity portfolio companies with median EBITDA of approximately $30 million and shows […]
HKW Adds Tech-Focused VP
HKW has hired Rick Ammar as a vice president to assist the firm with its expanding technology efforts. Mr. Ammar is based in HKW’s New York office. Mr. Ammar’s responsibilities at HKW include sourcing new investments, evaluating new investment opportunities, performing underwriting and due diligence, and executing platform and add-on transactions. “Rick’s track record of […]
