BackFrontenac Completes Exit of Crofter’s Organic
Parry Sound, Ontario
Frontenac has completed the sale of Crofter’s Organic (“Crofter’s”), a manufacturer of organic fruit spreads, jams and preserves, to Power Sustainable Lios, a Canada-based private equity firm. Financial terms of this transaction were not disclosed.
Crofter’s is headquartered in Ontario, Canada and manufactures organic fruit spreads, jams and preserves. The company produces a wide variety of products for its namesake brand and for private label and contract customers across North America.
Frontenac recapitalized Crofter’s in February 2021. In just under five years, and alongside CEO1ST Partners, Chris Wilkins (Chairman) and Tim Jax (CEO), Frontenac and Crofter’s expanded the brand and better-for-you positioning into mainstream channels, scaled the team, upgraded the company’s systems and enterprise-wide processes, and enhanced its innovation and product development capabilities.
William Blair served as the exclusive financial advisor while DLA Piper and Osler, Hoskin & Harcourt served as legal counsel to Crofter’s.
About Crofter’s Organic
Crofter’s Organic is a manufacturer of organic fruit spreads, jams and preserves. Founded in 1989, the Company produces a wide variety of products for its namesake brand, as well as private label and contract customers. The Company is based in Ontario, Canada and operates out of a highly automated and sustainability-focused production facility. For more information, please visit www.croftersorganic.com.
About Frontenac
Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with established operating leaders, through an executive-centric approach called CEO1ST®, which seeks to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. Over the last 55 years, Frontenac has built a franchise working with over 350 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit www.frontenac.com.
