Houlihan Lokey Advises Pritzker Private Capital

Houlihan Lokey is pleased to announce Pritzker Private Capital (PPC), a leader in family direct investing, has acquired Sugar Foods Corp. (Sugar Foods), a food company serving prominent foodservice, grocery, retail, and restaurant brands.

PPC’s partnership will provide Sugar Foods with additional financial resources and industry expertise to accelerate its growth and operational expansion while strengthening its leading food innovation capabilities. PPC is investing alongside members of the Sugar Foods management team, who will continue to lead the business.

PPC partners with middle-market companies based in North America with leading positions in the manufactured products and services sectors. The firm’s differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. PPC builds businesses for the long term and is an ideal partner for entrepreneur- and family-owned companies. PPC is a signatory to the United Nations Principles for Responsible Investment.

Headquartered in Westlake Village, California, Sugar Foods produces crunchy toppings, croutons, ready-to-use pizza toppings, and beverage ingredients consumed more than 1,250 times every second by consumers. The company serves more than 3,000 customers, including many of the world’s most well-known grocery retailers, foodservice providers, and quick-service and casual dining restaurants. Sugar Foods is an essential menu development and innovation partner for its customers, having launched more than 200 new products since 2020. The company’s products are sold through its Fresh Gourmet, Mrs. Cubbison’s, and N’Joy brands, as well as private-label and licensed products. Sugar Foods operates five facilities across the United States and Mexico with a team of more than 1,400 employees.

Houlihan Lokey served as the exclusive financial advisor to PPC.