Swander Pace Capital, a private equity firm focused on investing in defensive consumer staples across the food & beverage and health & wellness categories, has acquired Maple Donuts Inc., a Pennsylvania-based manufacturer of high-quality frozen bakery products. Partners Capital and Constitution Capital Partners served as lead co-investors for the transaction.

Founded in 1946, by the Burnside family, Maple Donuts has grown to become a significant independent producer of private label donuts servicing a diversified customer base across retail and foodservice channels nationwide.

"The Burnside family recognized the clear benefits that Swander Pace Capital's resources and expertise can provide to help Maple Donuts continue its growth trajectory," said Luke Burnside, EVP of sales at Maple Donuts. "Their deep understanding of the bakery industry, combined with their track record of working with family-owned businesses, makes them the ideal partner for our next chapter. We are excited to work with the Swander Pace Capital team to further expand our product offerings, enhance our production capabilities, and extend our market capabilities while maintaining the high standards of quality that have defined Maple Donuts since its founding."

The acquisition marks Swander Pace Capital's 8^th platform and 15^th investment in the bakery sector, having completed previous transactions with Boulangerie St. Méthode, Café Valley, Bäckerhaus Veit, Voortman Cookies, Pineridge Bakery, Ideal Snacks, and Nonni's Biscotti. Most recently, Café Valley, another Swander Pace Capital bakery platform manufacturing high-quality baked goods for the in-store bakery and foodservice channels, acquired the assets of Freed's Bakery, a manufacturer of iced mini cupcakes for national and regional retailers.

"We are thrilled to partner with the Burnside family and the entire Maple Donuts team to support the company's continued growth," said Tyler Matlock, Managing Director at Swander Pace Capital. “We will continue to look for interesting investment opportunities within the bakery category to further establish Maple Donuts as a value-added partner to its customers. The company's commitment to quality, innovation, and customer service aligns perfectly with our investment philosophy."

About Maple Donut
A family tradition since 1946, Maple Donuts is an established producer of frozen bakery products for in-store and foodservice bakery programs nationwide. From ready-to-sell to ready-to-finish donuts, Maple Donuts specializes in high-quality private label solutions tailored to customer needs. 

About Swander Pace Capital
Swander Pace Capital (SPC) is a lower middle market private equity firm focused on investing in defensive consumer staples businesses across the food & beverage and health & wellness categories. SPC seeks to add value through its SPC Playbook, experienced senior team, and extensive network of consumer executives, partnering with management teams to help build companies to their full potential.  With offices in California and New Jersey, SPC has invested in over 60 platform companies and raised cumulative equity commitments of approximately $2.2 billion since 1996.