Paine Schwartz Partners sells Lyons Magnus to Truelink Capital
NEW YORK, July 20. Paine Schwartz Partners has agreed to sell Lyons Magnus, a Fresno, California manufacturer of ingredients and beverages, to Truelink Capital. No financial terms were disclosed in the announcement, released Sunday via PRNewswire. Paine Schwartz issued the statement jointly from New York and Fresno.
Key takeaways
- Paine Schwartz Partners has agreed to sell Lyons Magnus, a Fresno, California ingredients and beverages manufacturer, to Truelink Capital.
- The deal was announced Sunday via PRNewswire, jointly from New York and Fresno.
- No financial terms were disclosed in the announcement.
- Paine Schwartz Partners describes itself as the largest private equity firm dedicated to sustainable food chain investing.
- The announcement named Truelink Capital as the buyer but included no statement from the firm or a target closing date.
NEW YORK, July 20. Paine Schwartz Partners has agreed to sell Lyons Magnus, a Fresno, California manufacturer of ingredients and beverages, to Truelink Capital. No financial terms were disclosed in the announcement, released Sunday via PRNewswire. Paine Schwartz issued the statement jointly from New York and Fresno.
The seller
Paine Schwartz Partners describes itself as the largest private equity firm dedicated to sustainable food chain investing. The firm did not specify how long it held Lyons Magnus, what it paid at acquisition, or what operational changes occurred during its ownership period. No named representative from Paine Schwartz was quoted in the release.
Lyons Magnus
The company is headquartered in Fresno and manufactures ingredients and beverages, according to the announcement. The release describes Lyons Magnus as a leading manufacturer in those categories. No revenue figures, production volumes, customer names, or facility count appeared in the announcement.
Truelink Capital
Truelink Capital is acquiring the company. The announcement named Truelink as the buyer but included no statement from the firm, no detail on its plans for the Fresno operations, and no target date for closing.