One Equity Partners to Acquire CraftMark Bakery
CraftMark Bakery is a supplier of bakery products for quick service restaurants and in-store retail bakeries
One Equity Partners, a middle market private equity firm, announced it has agreed to acquire CraftMark Bakery, a supplier of bakery products for quick service restaurants and in-store retail bakeries.
Based in Indianapolis, CraftMark is a wholesale producer of bread dough, cookie dough, muffins, flatbread, baked cookies and filled dough for customers nationwide. CraftMark operates a modern, industry-leading, and highly automated bakery with seven production lines and over 500 million pounds of production capacity.
The transaction is expected to be completed in Q2 2025, subject to customary closing conditions. Financial terms of the private transaction were not disclosed.
Kirkland & Ellis LLP served as legal counsel to OEP and KPMG LLP served as accounting and tax advisor. Steel City Private Credit, a direct lending strategy formed between PNC Financial Services and The TCW Group, is providing debt financing for the transaction. Harris Williams acted as financial advisor to CraftMark.
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