Articles from Ronin Equity Partners

New York-based investment firm, Ronin Equity Partners, announces the completion of its General Partner-led secondary acquisition of a minority stake in AeriTek Global, priced at $3.11 per share. AeriTek is one of the leading manufacturers and distributors of refrigerated display cases in North and South America. AeriTek is majority owned by Mill Point Capital, a New York-based private equity firm focused on control investments in lower-middle market companies across business services, industrials and information technology services sectors.

As part of its sale of refrigerated display group Minus Forty QBD Corp (doing business as Due North) to AeriTek Global Holdings LLC, Ronin Equity Partners intends to bring in new investors to hold an undisclosed minority stake in the expanded group through a General Partner-led continuation vehicle.

Operationally-focused buyout group, Ronin Equity Partners in partnership with Landon Capital Partners, announces the sale of Barron, Wisconsin-headquartered Heartisan Foods to The Gellert Global Group. The Gellert Global Group owns a specialty cheese subsidiary, Atalanta Corporation, which is one of the leading specialty food importers of high-quality cheese, charcuterie, deli meats, grocery products, and seafood worldwide. Founded in 1945 and under the umbrella of The Gellert Global Group, Atalanta is one of the largest privately held food importers in North America.

Operationally-focused buyout group Ronin Equity Partners has funded through a $25 million term-loan facility the purchase of Woodmaxx by the market-leading outdoor equipment company, DK2. The transaction adds annually $20 million in Woodmaxx revenues and some $5 million in synergies. As part of the deal, DK2 (formed 20 months ago through Ronin’s purchase and simultaneous merger of three companies) is being renamed Engenuity Outdoor Equipment. Ronin set up the term loan facility for the purchase of Woodmaxx when Engenuity was formed from the merger of DK2, Snowbear - both based in Ontario, Canada - and Mount Airy, Georgia-based Currahee Trailers.

Barron, Wisconsin-headquarterd Heartisan Foods, a leading manufacturer and the largest online U.S. seller of specialty & flavored cheese, is buying North Country Packaging, also based in Barron County. The transformative deal will triple Heartisan’s manufacturing capacity, support the fast-growing Cheese Brothers online brand with expanded fulfilment capabilities, and allow Heartisan to launch new, innovative products across cheese spreads and cheese curds - both of which help support Heartisan’s growth in the fast-growing cheese snack category. North Country’s co-founders, Kendall Goossen (taking a senior executive role at Heartisan) and his wife Maria will retain a significant stake in the combined entity.

Operationally-focused buyout firm, Ronin Equity Partners, announces the appointment of two associates and one analyst as part of a continued expansion that has seen staffing increase 66 percent in the past year.

Ronin Equity Partners announces the creation, through three simultaneous acquisitions, of the leading North American diversified manufacturer of small- to medium-scale outdoor power equipment and utility trailers. The three merging firms focus on homeowners with more than five acres of land and on small-scale landscapers, ranchers, and farmers. Two of the businesses, DK2 and SnowBear, are based in Ontario, Canada and the third business, Currahee Trailers, is headquartered in Mount Airy, Georgia. The combined company will have over 50 years of operating experience in the industry. DK2 pioneered the combination of online ordering (via close partnerships with major home improvement chains like Home Depot and Lowe’s) with door-step delivery of previously difficult-to-package outdoor power equipment and utility trailers.

Ronin Equity Partners has acquired two leading North American manufacturers of commercial refrigeration equipment, QBD and Minus Forty, both located in Canada’s Greater Toronto area. The brands will continue to be marketed under their own names, but the merged group will be a platform for consolidation in the fragmented refrigerated display case industry, where 60 percent of the market is divided between over one hundred family-owned businesses.

Ronin Equity Partners is pleased to announce the acquisitions of Red Apple Cheese, a market leader in smoked, flavored, and kosher specialty cheeses, Barron County Cheese, a major smoker and co-packer for the specialty cheese industry, and Cheese Brothers, an innovative eCommerce specialty cheese business.