Ronin Equity Partners

Heartisan, a Leading Manufacturer & Online Purveyor of Speciality & Flavored Cheese, Buys North Country Packaging in Transformative PE Deal

September 12, 2023 Ronin Equity Partners

Barron, Wisconsin-headquarterd Heartisan Foods, a leading manufacturer and the largest online U.S. seller of specialty & flavored cheese, is buying North Country Packaging, also based in Barron County. The transformative deal will triple Heartisan’s manufacturing capacity, support the fast-growing Cheese Brothers online brand with expanded fulfilment capabilities, and allow Heartisan to launch new, innovative products across cheese spreads and cheese curds – both of which help support Heartisan’s growth in the fast-growing cheese snack category. …

Successful Manufacturer of Refrigerated Merchandisers MTL COOL, Joins Forces with Due North Brands

September 20, 2022 Due North

Open air commercial refrigerated showcases company, MTL COOL, has been acquired by Due North, the newly created operating company of QBD and Minus Forty. This strategic acquisition allows Due North to further diversify and complement its multiple-product lineup. …

Ronin Equity Partners Consolidates Refrigerated Display Market with Simultaneous Acquisitions of QBD and Minus Forty

September 7, 2021 Ronin Equity Partners

Ronin Equity Partners has acquired two leading North American manufacturers of commercial refrigeration equipment, QBD and Minus Forty, both located in Canada’s Greater Toronto area. The brands will continue to be marketed under their own names, but the merged group will be a platform for consolidation in the fragmented refrigerated display case industry, where 60 percent of the market is divided between over one hundred family-owned businesses. …

Ronin Equity Partners Acquires Three Market Leaders in Specialty Cheese

June 8, 2021 Ronin Equity Partners

Ronin Equity Partners is pleased to announce the acquisitions of Red Apple Cheese, a market leader in smoked, flavored, and kosher specialty cheeses, Barron County Cheese, a major smoker and co-packer for the specialty cheese industry, and Cheese Brothers, an innovative eCommerce specialty cheese business. …