TORONTO — Clairvest Group (CVG) partnered with Clairvest Equity Partners VII to make a minority equity investment in Redstone Food Group, a commercial baking company focused on the in-store bakery segment.
Established in 1984, Redstone currently operates several facilities in the greater Toronto area. Rob Wheeler, who purchased the company from the Gorecki family in 2003, will remain the majority owner.
“This partnership with Clairvest is about more than just capital; it is about bringing together expertise and resources to accelerate our growth across North America,” Wheeler said. “We are excited to embark on this journey with Clairvest as we scale, innovate and enhance the value we deliver to our customers.”
“We are excited to embark on this journey with Clairvest as we scale, innovate and enhance the value we deliver to our customers.” — Rob Wheeler | owner | Redstone Food Group
This investment is CVG’s 67th platform investment and second partnership in the food and beverage co-packing and private label manufacturing industry.
“We are thrilled to partner with Rob in this minority partnership deal,” said Robbie Isenberg, managing director of Clairvest. “With a clear vision, operational excellence and leading quality, Redstone is well-positioned to leverage exciting opportunities in the market, and we look forward to fueling their continued success.”
