ST. PAUL, MINN. — Dessert Holdings introduced it has obtained Steven Charles —A Dessert Co., an Aurora, Colo.-centered maker of gourmet desserts providing foodservice and retail shoppers across North The united states. Monetary phrases of the transaction ended up not disclosed.
“As the main high quality desserts platform in North America, we are investing at the rear of category-defining dessert producers like Steven Charles to assistance them get to their complete potential,” said Paul Lapadat, chief government officer of Dessert Holdings. “Steven Charles has a heritage of generating and commercializing award-successful desserts and that determination to excellence in innovation and service has fostered very long-standing associations with a variety of the main foodservice and retail operators in North The usa. We see an outstanding opportunity to complement these strengths to support Steven Charles’ domestic growth although also investing to develop the organization globally.”
Dessert Holdings, which was obtained earlier this year by Bain Money Personal Fairness, delivers items less than a few manufacturers: The Unique Cakerie, Lawler’s Desserts and Atlanta Cheesecake Co.
The Unique Cakerie, launched in 1979, is a producer of desserts with places in Vancouver, BC, and London, Ont. Lawler’s Desserts, founded in 1976, is a company of connoisseur cheesecakes, layer cakes, pies and other quality desserts based mostly in Humble, Texas. Atlanta Cheesecake Co., started in 1988, is a maker of quality cheesecakes and fusion desserts based in Kennesaw, Ga. With each other, the manufacturers serve a lot more than 250 consumers in the United States, Canada, Mexico, the Caribbean, South The united states and Asia.
“With our investment decision in Dessert Holdings, we have the privilege of backing Paul and his crew as they build the leading premium dessert production company in North The us, and the acquisition of Steven Charles is a fantastic fit for that eyesight,” stated Adam Nebesar, a running director at Bain Cash Non-public Fairness. “We search ahead to partnering with Rebecca and the Steven Charles workforce to help their growth ambitions.”
In teaming up with Dessert Holdings Steven Charles will gain entry to a platform and means to keep on to acquire innovate dessert products at scale for its blue-chip consumer base.
“Dessert Holdings has a complementary product portfolio to ours and delivers cash and knowledge that will aid us accelerate our advancement journey,” mentioned Rebecca O’Hara, president of Steven Charles. “Steven and Charles are happy and fired up to hand the organization about to the able hands of Dessert Holdings, who will continue on to value what helps make Steven Charles so exclusive as we are aligned on a system that preserves our determination to culinary innovation and extraordinary support for our discerning buyers.”
Steven Charles (beforehand acknowledged as Steven Robert Primary Desserts) started running beneath its new title in January 2021. In accordance to the business, the title alter pays homage to Steven Fabos, founder and co-CEO, and Charles Kosmont, chairman and co-CEO, while setting up on its heritage of desserts.
Mr. Fabos established the company in 1995 in a one-area bakery in Los Angeles. As desire for the company’s smaller-batch cheesecakes grew, Mr. Fabos expanded the small business more than the next 10 years, opening substantial-scale commercial bakeries in Aurora, Colo., and Pembroke, NC. In 2004, Mr. Kosmont, a Venezuelan immigrant with a enthusiasm for agriculture and an eye for locating fresh new elements, joined the business.