September 2014. Food Evolution has been sold to Akoya Capital Partners LLC in partnership with Balance Point Capital Partners, Plexus Capital, LLC and current management. Food Evolution, based in Chicago, IL, is a leading producer of upscale convenience foodservice products and fresh outsourced commissary solutions. The Company develops and produces a full range of upscale “grab-and-go” sandwiches, wraps, salads, and other custom food products for a wide variety of customers in the specialty grocery, airport food concessions and institutional foodservice markets.
“The Peakstone team was invaluable to the transaction process. They developed and executed on a successful strategy to find the right partner that shares our strategic vision for Food Evolution and can help drive continued growth for the business” said Bret Schultz, President of Food Evolution.
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The Peakstone Group served as exclusive M&A advisor to Food Evolution in connection with this transaction. Terms of the transaction were not disclosed.
About The Peakstone Group
Peakstone is an investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. The Peakstone team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. Please visit our website, peakstone.com.