Stanton PR & Marketing is working with Bain Capital Private Equity as its gobbles up Dessert Holdings in a deal worth $1B.
Based in St. Paul, Dessert Holdings owns three premium brands: Lawler’s Desserts, The Original Cakerie and Atlanta Cheesecake Co. that distribute their products to more than 250 retailers and foodservice clients in the US, Canada, Mexico and Asia.
CEO Paul Lapadat said Bain’s financial clout and business-building expertise will bolster Dessert Holdings as it accelerates its growth in the premium and artisanal desserts categories.
Gryphon Investors of San Francisco has owned Dessert Holdings for the past five years, supporting two add-on acquisitions and a major plant expansion.
Stanton has Charlyn Lusk and Scott Lessne representing Bain, while Lambert & Co.’s Caroline Luz and Jennifer Hurson handle Gryphon.