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Sitrick & Co. represents Los Angeles-based Butterfly private equity firm as it acquires Bolthouse Farms from Campbell Soup Co.
Founded in 1915, Bolthouse is the leading producer of fresh carrots and enjoys a strong presence in the refrigerated salad dressing category.
The Bakersfield company has access to more than 65K acres of premium growing land, employs 2,200 people and has operations in California, Illinois, Washington and Ontario.
For Butterfly, the deal is part of its “seed to fork” strategy of investing in agriculture/aquaculture production, distribution and foodservice.
Jeff Dunn, Butterfly operating partner, will become Bolthouse CEO, a job that he held from 2008 to 2012 when the company was acquired by Campbell Soup. He left in 2016.
Sitrick’s Anita-Marie Laurie and Terry Fahn represent Butterfly.
Joele Frank represents LXP Industrial Trust as the logistics giant agrees to be acquired by Brookfield Asset Management and the Canada Pension Plan Investment Trust for $5.2B in cash.
Jenn Kettnich, who has more than 15 years of financial communications experience, has joined Liftoff Mobile as VP-investor relations following completion of its recent IPO.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
