Riveter Capital completes add-on acquisition of Twelve Oaks Catering for its school meals provider platform
March 29 2023 - 10:00AM
Business Wire
Riveter Capital, a private equity firm focused on investing in
women- and minority-led companies, announced today that it
completed the acquisition of Twelve Oaks Catering Company (“Twelve
Oaks”), a food service provider of high-quality, nutritious meals
to children in Dallas, TX.
Twelve Oaks marks the second acquisition for Riveter Capital in
Texas and expands the company’s geographic footprint to Dallas and
Houston. In 2021, Riveter Capital acquired The Healthy Lunch Box
(“HLB”), a State of Texas approved Food Service Management Company
and licensed caterer that has provided high quality, homemade
healthy food to schools and day care centers in Houston for over 27
years.
Similar to HLB, Twelve Oaks provides cafeteria-style and
individually packaged meals to daycares, charter schools, private
schools, and Head Start programs. The Company has a strong track
record of successfully operating under the National School Lunch
Program, School Breakfast Program, Seamless Summer Option, Child
and Adult Care Food Program, and the Afterschool Care Program.
Twelve Oaks emphasizes using simple, traditional cooking methods to
prepare nutritious menu items from scratch and is a USDA approved
commodity processer.
“The Twelve Oaks team is excited to partner with Riveter Capital
and HLB for the next phase of the company’s growth,” said President
Jonathan Jones. “We look forward to leveraging Riveter’s resources
and deep experience in the industry to further grow the overall
platform.”
“We are thrilled to add Twelve Oaks to our platform. This
acquisition allows us to continue our strategic expansion within
Texas while focusing on our mission of providing high quality,
homemade healthy school meals to kids. We are excited to honor the
legacy of the company and continue to drive growth at Twelve Oaks
in collaboration with HLB,” said Riveter Partner Sarah
Abdel-Razek.
About Riveter Capital
Riveter Capital is a private equity firm focused on investing in
lower middle-market women- and minority-owned or operated
businesses that we understand as both investors and consumers. We
empower founders by providing hands-on strategic, financial, and
operational support to help take companies to the next level. With
a flexible investing mandate, we provide capital for acquisitions,
management buyouts, recapitalizations, growth, and expansion. For
more information about Riveter Capital visit
www.rivetercapital.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230329005184/en/
Colleen Gurda (colleen@rivetercapital.com) Sarah Abdel-Razek
(sarah@rivetercapital.com)