Stonebridge Partners (“Stonebridge”) is pleased to announce the sale of Specialty Bakers, LLC (“Specialty Bakers”) to HC Private Investments, a Chicago-based family office, on May 2, 2025. Stonebridge originally invested in Specialty Bakers, headquartered in Marysville, Pennsylvania, in September 2010. Specialty Bakers manufactures and markets niche dessert products such as dessert shells, ladyfingers, French twirls and angel food cakes that are primarily sold in the in-store bakeries of grocery retailers. The company’s extensive distribution network includes premier conventional grocers, mass retailers, and distributors.
“It was a pleasure working with the Specialty Bakers management team through a period of both challenges and successes,” said Stephen Hanna, Managing Partner at Stonebridge. “After the 2010 acquisition, we worked closely with the management team to rationalize product lines, enhance quality and profitability, launch a successful niche product line targeting wholesale grocers, and in 2019, complete the acquisition and subsequent divestiture of Bake One.” Stonebridge extends its best wishes to the management team and Specialty Bakers as they embark on their next phase of growth.
Parkway Capital invested alongside Stonebridge Fund IV and the former owner of Specialty Bakers. Brown Gibbons Lang & Company acted as the exclusive sell-side advisor, and Parker Poe Adams & Bernstein LLP served as legal counsel to Specialty Bakers.
Stonebridge Partners (StonebridgePartners.com) is a lower middle-market private equity firm that takes an operations-oriented approach to investing. Since its founding in 1986, Stonebridge has completed 76 acquisitions, including 41 add-ons, utilizing its Operating Partners to pursue growth opportunities and operational efficiencies across its portfolio. The firm targets family-owned, niche manufacturing, distribution, and service businesses with EBITDA ranging from $3 million to $15 million as well as strategic add-on acquisitions of any size. For more information, please contact Steve Hanna at shanna@StonebridgePartners.com.