DALLAS — Satori Capital, a Dallas-based multi-strategy investment firm, has completed a majority investment in SunTree Holdings, L.L.C. Based in Phoenix, SunTree produces branded and private label nuts and dried fruit, including roasted and salted nuts, trail mixes, and chocolate and yogurt-covered nuts. SunTree’s annual revenue has doubled since 2012 to more than $100 million from approximately $50 million.
“SunTree is a quintessential Satori portfolio company,” said Sunny Vanderbeck, managing partner of Satori Capital. “It is a rapidly growing business led by a sustainably minded team providing ‘better-for-you’ snacks in an industry with significant tailwinds.”
David Turner, founder and chief executive officer of SunTree, said the company chose Satori because of its “long-term perspective and deep operational expertise.”“Satori’s investment will enhance our ability to continue providing creative and innovative food products to new and current customers from our existing plant, which has the highest Safe Quality Food (S.Q.F.) rating in the industry and the current capacity to double production,” Mr. Turner said.