MacMillans Specialty Foods has completed a management buyout.
Coldwater acted as the exclusive M&A advisor to MacMillans Specialty Foods (“MacMillans” or the “Company”) in connection with the intergenerational transfer of ownership to the third generation of shareholders, supported by an outside investor.
Based in Acton, Ontario, MacMillans has operated as a family-owned business for more than 35 years. The Company is a well-known retailer and distributor of gourmet flash-frozen foods and has recently expanded its vision to include a produce market that emphasizes fresh, locally grown products while enhancing its core frozen offerings.
Coldwater structured and facilitated the transaction, negotiating the equity participation of the outside investor and the partnership terms with the third generation of MacMillans shareholders. The transaction highlights Coldwater’s expertise in advising family businesses through intergenerational transitions and management buyouts.
