Cascadia Advises Hill Country Dairies in Receiving a Strategic Investment from Riverarch Equity Partners

Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Hill Country Dairies (“HCD”), a value-added distributor of dairy products, in receiving a strategic investment from Riverarch Equity Partners. 

HCD provides full-service dairy programs and category management services to foodservice customers through a high-touch DSD model, serving thousands of foodservice customers across six branches in Texas. Their product offering includes over 200 milk, butter, cream, and cheese items that are primarily used as input ingredients into core menu items at restaurants and other foodservice locations. The Company is differentiated by a white-glove, vendor-managed inventory model which includes product curation, automatic restocking, expiring product rotation, multiple drop-offs per week, and other value-added services.

Chris Boyle, President of HCD, commented, “The HCD family is thrilled to partner with Riverarch as we enter the next phase of our growth. Their deep expertise in food and food distribution, along with their proven track record of scaling businesses, make them the ideal partner to help us achieve our goals.”  

Pat Boyle, Board Member and former CEO, added, “This partnership is not just a testament to our team’s hard work, but also a pivotal moment for HCD as we continue to become better thought-partners in category management to our loyal customers. We’re excited to partner with Riverarch to share in their strategic ambitions, extensive network, and long-term vision.” 

“We are grateful for the opportunity to partner with the HCD team and look forward to building upon their impressive history of success,” added Andrew Barza, Managing Director with Riverarch. Brian Blake, Principal with Riverarch, also noted, “HCD has built an impressive platform and is well positioned to accelerate growth through strategic product, geographic, and service line expansion. We’re very excited to partner with HCD and look forward to growing both organically and through strategic M&A.”

“It was a privilege to work alongside Hill Country Dairies on this transaction,” said Owen Baldrica, Cascadia Director. “HCD’s commitment to delivering exceptional service and their unique vendor-managed inventory model has set them apart in the foodservice industry. Partnering with Riverarch positions HCD to continue scaling their operations and expanding their reach, and we are excited to see how this strategic investment will fuel their next phase of growth.”  

“This transaction exemplifies our commitment to strengthening our industry-leading dairy practice,” added Scott Porter, Cascadia Managing Director. “It also enhances our growing efforts in specialty food and beverage distribution.”

Related Transactions

This acquisition represents another successful transaction for Cascadia within the Agriculture and Specialty Distribution sectors. Past transactions include: