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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.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
