TNT Crust

Kekst & Co. represents Peak Rock Capital's acquisition of TNT Crust from Tyson Foods, a deal that marks the seventh recent food/beverage deal for the Austin-based private equity firm.

Green Bay-based TNT produces partially baked, self-rising flat breads and crusts for pizza manufacturers, pizzerias, restaurants and foodservice distributors. It has 400 workers.

Anthony DiSimone, PRC's CEO, said the deal shows the firm's "deep experience in executing complex carve-out transactions" and highlights its continued interest in the food and beverage sector.

PRC's investments include Sweet Harvest Foods (honey), Berner Food & Beverage (dairy-based shelf-based snacks/beverages), Diamond Crystal Brands (portion control and single serve food/beverages) and Gold Coast Bakeries (specialty and organic breads, rolls and buns)

The TNT transaction is expected to close next month.

Kekst's Daniel Yunger and Cathryn Vaulman represent PRC.