EagleTree Capital announced that it has acquired Summit Hill Foods, owner of brands Better Than Bouillon® and The Original Louisiana Hot Sauce™, on behalf of investment funds it manages. The Summit Hill Foods’ operations and management teams will remain in place following EagleTree’s investment. Several of EagleTree’s fund investors co‐invested alongside EagleTree, including Misland Capital Limited. Terms of the transaction were not disclosed.
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Headquartered in Rome, Ga. and founded in 1941, Summit Hill Foods began as a family-owned bakery and has grown into a leading branded food company with nationally recognized, premium brands Better Than Bouillon®, The Original Louisiana Hot Sauce™ and Better Than Gravy®. Summit Hill Foods continues to bring innovation to market with the recent addition of the Better Than Bouillon Culinary Collection®, a selection of premium bases of new flavors, as well as five new flavor additions to The Original Louisiana Hot Sauce™ portfolio. Additionally, Summit Hill Foods offers an array of well‐known, high‐quality bases and sauces to support its restaurant, foodservice and industrial partners.
BofA Securities acted as exclusive financial advisor, Eversheds Sutherland acted as legal advisor and Deloitte acted as financial and tax advisor to Summit Hill Foods. BDT & MSD Partners acted as special advisor to G&L Holdings’ Board of Directors and shareholders. Jones Day acted as legal advisor and Alvarez & Marsal acted as due diligence advisor to EagleTree.
