Palladium Equity Partners has sold Teasdale Foods
Lincoln International (“Lincoln”), a leading global mid-market investment bank, advised Palladium Equity Partners, LLC (along with its affiliates, “Palladium”) in the sale of Teasdale Foods, Inc. (“Teasdale”), a leading producer and marketer of bean and hominy products in the U.S., to affiliates of Snow Phipps Group, LLC, a New York-based private equity firm.
Teasdale represents the second successful sale of a portfolio company by Palladium and Lincoln this year. Earlier this year, Lincoln represented Palladium in the sale of Sahale Snacks, Inc., a manufacturer and marketer of premium, branded nut and fruit snacks, to The J. M. Smucker Company.
“We are very pleased with the outcome we have achieved for Teasdale,” said Luis Zaldivar, a Managing Director of Palladium. “Backed by an excellent management team, Teasdale over the course of our investment integrated three regional businesses, focused on the attractive store brand and organic categories, and became a national Hispanic food platform with significant growth momentum.”
Alberto Bandera, CEO of Teasdale, added, “We are extremely thankful for the support we received from our partners at Palladium over the last three years. They helped us execute on an ambitious growth plan by providing sound advice and access to the human and capital resources we needed.”
Lincoln acted as a sell-side co-advisor to Teasdale, working closely with the shareholders throughout the sale process.
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