Private equity firms acquire Tom Cat Bakery
December 19, 2008
by Eric Schroeder
COSTA MESA, CALIF. — Ancor Capital Partners and Merit Capital Partners have acquired Tom Cat Bakery, Inc., a supplier of fresh-baked artisan bread and sweet goods products to more than 850 customers located primarily in New York City. McGladrey Capital Markets initiated the transaction, sourced the buyer, led the negotiations and acted as exclusive financial adviser to Tom Cat Bakery.
Founded in 1987, Tom Cat Bakery makes about 20 different kinds of bread dough within its fresh artisan bread segment into 196 different products and shapes. Since 2005, the company has produced frozen bread on a limited basis, and now makes 39 different kinds of frozen bread.
In addition to fresh and frozen artisan bread, Tom Cat makes 122 different kinds of sweet goods, including a variety of muffins, fresh loaf cakes, yogurt cakes, coffee cakes, scones, Danish pastries, croissants, brownies, cookies, and fruit and nut bars.
Ancor Capital Partners and Merit Capital Partners are private equity firms specializing in the acquisition of middle market companies. Ancor’s portfolio of companies includes Liguria Foods, Inc., Fleischer’s Bagels, Inc. and Bageltime, Inc.