Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce a new subordinated debt and equity co-investment alongside CenterGate Capital in support of CenterGate’s acquisition of Teeny Foods.
Teeny Foods is a developer and contract manufacturer of frozen, filled baked snacks and handheld meals—sticks, bites, pull-aparts, and calzones—in a variety of dough flavors, product shapes, fillings (including cheese and fruit), and topicals. The company’s products, sold by branded food manufacturers through foodservice and retail grocery channels, are available in individual oven/microwave safe wrappers, multipacks, resealable pouches, and bulk packaging formats.
Teeny Foods was founded by the Teeny family in 1964 and is headquartered in Portland, Oregon. Teeny represents Patriot’s fourth investment in the food supply chain in the past four years, alongside current portfolio companies, FreshEdge, MSI Express, and Eddy Foods.
“Patriot brings prior food-deal experience and we believe they will be a great partner for us and Teeny Foods as we support the company through its next stage of growth,” commented Jeff Kovick, Managing Director at CenterGate.