AUSTIN, TEXAS — Peak Rock Capital, a middle-market private equity firm with investments in the food and beverage industry, has added to its portfolio with the acquisition of Gold Coast Bakeries, L.L.C.
Based in Santa Ana, Calif., Gold Coast Bakeries makes fresh and frozen specialty and organic bread, buns, rolls and sweet goods for distribution to consumer packaged goods companies, grocery retailers and food service customers. The company has two U.S.D.A. organic-certified facilities in California and Illinois.
|Steve Martinez, president and managing director of Peak Rock Capital
“Our investment in the Gold Coast platform highlights Peak Rock’s continued commitment to businesses with differentiated production capabilities that are well-positioned for growth in the natural food space,” said Steve Martinez, president and managing director of Peak Rock Capital. “We look forward to working with the company’s strong management team to enhance the business.”
Following the transaction, Rick Anderson has been named chief executive officer of Gold Coast Bakeries. Mr. Anderson most recently was president and c.e.o. of Little Lady Foods and earlier was chief commercial officer at Aryzta and La Brea Bakery.
|Rick Anderson, c.e.o. of Gold Coast Bakeries
“I am thrilled to partner with Peak Rock and the exceptional Gold Coast team as we further develop the strong customer relationships and new product innovation capabilities that the company is known for in the industry,” Mr. Anderson said.
The acquisition of Gold Coast represents Peak Rock’s sixth investment in the food and beverage industry. Anthony DiSimone, c.e.o. of Peak Rock Capital, added, “We are actively seeking attractive food and consumer platforms to invest in, as well as accretive add-on acquisitions in the bakery space.”Peak Rock’s other investments in the food and beverage industry include Natural American Foods, Berner Food & Beverage, Diamond Crystal Brands, Inc., Highline Produce Ltd., and Precision.