Private equity firm Mason Wells, Milwaukee, Wis., sold Eddy Foods, Inc. (also known as Eddy Packing), Yoakum, Texas, to Insight Equity III LP, Southlake, Texas.

Eddy Packing is a value-added processor of smoked, cooked and fresh pork, beef and poultry products available in refrigerated and frozen formats.

“We are pleased to report the sale of Eddy,” says Greg Myers, senior managing director of Mason Wells. “During our ownership, we transitioned the company from family ownership and made investments to enhance the company’s operational capabilities, expand its product breadth and increase customer and channel diversification. We believe the company and team will continue to thrive with their new private equity owners Insight Equity.”

“The partnership of Eddy Packing and Mason Wells over the past several years has poised the company for future success in the food industry,” says John Fortino Jr., president and CFO of Eddy Packing. “The investments that Mason Wells and Eddy Packing made in processing and packaging capabilities as well as in key personnel will foster sustainable growth as a leading high-quality food processor in the ready-to-eat category. We are excited to partner with Insight Equity, who will benefit from the investments made in the infrastructure of the business over the past seven years. Insight Equity will further solidify Eddy Packing as the go-to supplier in the food industry for ready-to-eat products in the retail, foodservice and commercial channels. I want to personally thank Mason Wells for the support and opportunities that they have provided to us here at Eddy Packing.”