Houlihan Lokey Advises Parker Food Group

Houlihan Lokey is pleased to announce that Parker Food Group (PFG), a portfolio company of The Riverside Company, has been acquired by an investment company indirectly held by Investindustrial VII LP. This deal represents another successful transaction for Houlihan Lokey in the Consumer, Food & Retail space.

PFG is a leading developer and manufacturer of specialty, value-added ingredients in the North American market, with a focus on inclusions and toppings. The company’s product offering includes baked inclusions, toppings, crumbs/streusels, pralines, and cookie components that are sold to industrial branded B2C customers, foodservice clients, and industrial B2B customers.

PFG has best-in-class profitability in the industry, and over the past 10 years, it has consistently showed double-digit top-line growth. The company employs approximately 370 employees and is led by CEO Greg Hodder, who joined PFG in 1999. The company, headquartered in Fort Worth, Texas, significantly invested in its manufacturing facilities and has a state-of-the-art manufacturing footprint with three factories in the U.S., located respectively in Mexico (Missouri), Perry (New York), and Fort Worth.

PFG will form part of Investindustrial’s broader group of food ingredients companies, including CSM Ingredients, Hi-Food, and Italcanditi, which jointly have a turnover of close to €1 billion.

Investindustrial is a leading European group of independently managed investment, holding, and advisory companies with €11 billion of raised fund capital. With ESG principles deeply embedded into the firm’s core approach, Investindustrial has a more than 30-year history of providing mid-market companies with capital, industrial expertise, operational focus, and global platforms to accelerate sustainable value creation and international expansion. Certain companies of the Investindustrial group are authorized by and subject to regulatory supervision of the FCA in the United Kingdom and the CSSF in Luxembourg. Investindustrial’s investment companies act independently from each other and each Investindustrial fund.

The Riverside Company is a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 870 investments. The firm's international private equity and structured capital portfolios include more than 130 companies.

Houlihan Lokey served as the lead financial advisor to PFG and assisted in structuring and negotiating the transaction on its behalf.