Sweet Deal: Boston-Based College Hill Capital Partners Forms College Circle Creamery, LLC

By: Newsfile

Boston, Massachusetts--(Newsfile Corp. - March 8, 2023) - College Hill Capital Partners (CHCP), a private equity firm providing equity capital to founder-owned and family-owned middle market companies, announced that the firm, in partnership with CHCP's investors, has formed College Circle Creamery, LLC ("CCC"). CCC will own and operate frozen dessert and novelty production facilities and manage a portfolio of innovative brands that address growing consumer demands for more choice and 'better for you' indulgences in the frozen dessert aisle.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

  • College Hill Capital Partners (CHCP) announces formation of College Circle Creamery, to be led by food industry veterans Joe Campbell as CEO and Tim Markowicz as COO.
  • College Circle Creamery acquires Lukes Ice Cream -- a Florida-based producer of dairy and plant-based frozen desserts and novelties, and SQF-certified co-manufacturer to leading consumer brands and foodservice distributors.
  • College Circle Creamery will continue to invest in manufacturing scale and expand its portfolio with innovative brands that address underserved consumer demands for more choice and "better for you" indulgences in the frozen dessert aisle.

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College Circle Creamery, LLC

College Circle Creamery (CCC), formed in 2022, owns and operates frozen dessert and novelty production facilities and offers a portfolio of innovative brands that address growing consumer demands for more choice and 'better for you' indulgences in the frozen dessert aisle.  Operated as a portfolio company in partnership by College Hill Capital Partners, its investors, and their affiliated partners, CCC is focused on expanding its manufacturing scale and brand portfolio through direct ownership, licensing, brand management agreements, and strategic investments. For more information, please visit www.collegecirclecreamery.com. 

Lukes Ice Cream (Now part of College Circle Creamery) 

Lukes Ice Cream is a Florida based manufacturer of frozen desserts and novelties with differentiated capabilities in the high-growth plant-based frozen desserts and novelties space including a portfolio of products derived from dairy and plant-based ingredients, such as coconut milk, soy protein, and other dairy alternatives. Founded in 1984 by Kevin and Jody Lukasiewicz, Lukes is SQF and KOF-K Kosher certified. Lukes has a manufacturing facility located in Riviera Beach, Florida with the capabilities to make a diverse range of products, including pints, cups, foodservice tubs, sandwiches, and cones. 

College Hill Capital Partners

College Hill Capital Partners (CHCP) is a private equity firm that provides equity capital to fulfill the financial and strategic objectives of middle market companies and tailors its investments to meet the unique requirements of owners and managers.  As "the private equity partner for companies that make things and move things," CHCP targets industrial businesses, primarily in segments such as specialty chemicals and materials, containers and packaging, distribution and logistics, food and beverage, and industrial products and services. The firm is headquartered in Boston. For more information, please visit https://collegehillcapital.com/.

Contacts:
Joe Campbell
Joe.Campbell@collegecirclecreamery.com

Source: College Circle Creamery, LLC

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/157678

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