EagleTree Capital Acquires Summit Hill Foods, Home to Better Than Bouillon® and The Original Louisiana Hot Sauce™ Brands

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EagleTree Capital has officially acquired Summit Hill Foods, the owner of renowned brands Better Than Bouillon® and The Original Louisiana Hot Sauce™, on behalf of the investment funds it manages. The operations and management teams of Summit Hill Foods will remain intact following EagleTree’s investment, with support from several co-investors, including Misland Capital Limited. The terms of the transaction were not disclosed.

Headquartered in Rome, Georgia, Summit Hill Foods originated as a family-owned bakery in 1941 and has evolved into a leading branded food company, boasting nationally recognized premium brands such as Better Than Bouillon® and The Original Louisiana Hot Sauce™, as well as Better Than Gravy®. The company continues to drive innovation with recent additions like the Better Than Bouillon Culinary Collection® and five new flavors to The Original Louisiana Hot Sauce™ portfolio. Summit Hill Foods also provides a variety of well-known, high-quality bases and sauces for its restaurant, foodservice, and industrial partners.

Steve Goodyear, Chief Executive Officer of Summit Hill Foods, expressed excitement about the partnership with EagleTree, stating, “EagleTree’s partnership will empower us to accelerate our growth and innovation, expand our market reach, and continue providing high-quality products to our customers.”

George L. Majoros, Jr., Co-Managing Partner at EagleTree, welcomed Summit Hill Foods to the portfolio, praising the company’s track record of innovation and excellence. Stuart Martin, Partner at EagleTree, added, “We have been fans and customers of Summit Hill Foods’ products for a long time and are equally impressed by the company’s unique culture.”

EagleTree is looking forward to collaborating closely with the Summit Hill Foods team to enhance the brands and contribute to the company’s next phase of growth. Linda Owens, Chairwoman of G&L Holdings, the parent company and seller to EagleTree, expressed optimism for the future growth of Summit Hill Foods under EagleTree Capital’s ownership.

BofA Securities served as the exclusive financial advisor, Eversheds Sutherland as the legal advisor, and Deloitte as the financial and tax advisor to Summit Hill Foods in this transaction. Meanwhile, BDT & MSD Partners acted as a special advisor to G&L Holdings’ Board of Directors and shareholders, and Jones Day and Alvarez & Marsal served as legal and due diligence advisors, respectively, to EagleTree.