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Cascadia Capital, an investment bank serving middle market clients globally, is pleased to announce it served as the exclusive financial advisor to Burlington Capital Partners (“Burlington Capital”), a Chicago-based leading lower middle market private equity firm investing in family and founder-owned businesses, on its sale of Sokol Custom Food Ingredients (“Sokol”) to Solina Group (“Solina”).
Founded in 1895 and headquartered in Countryside, Illinois, Sokol boasts a unique blend of manufacturing capabilities and product offerings, including sweet and savory sauces and staple food ingredient offerings such as almond and anchovy paste. The Company serves as a value-added partner through innovation and ideation, offering proprietary food ingredients to CPG, QSR, food service, and food manufacturing companies.
Solina is a leading, French-based global food ingredient solutions provider, backed by Astorg with 44 manufacturing sites across 19 countries worldwide. The acquisition strengthens Solina’s presence in North America, broadens its expertise, and diversifies its product offerings.
“We are honored to play a role in arranging the partnership between Sokol and Solina. This investment by Solina will provide the growth capital necessary for Sokol to achieve its goals. In addition, the two organizations maintain similar cultures, focused on providing best in class solutions to customers. This is a marquee transaction in our industry,” commented George Sent, Cascadia Managing Director.
Tim Novak, Partner at BCP, commented, “This was a terrific partnership, and we are extremely thankful to Sokol’s management team, employees, and Cascadia for helping us deliver a strong outcome for our investors.”
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