Maple Donuts joins Swander Pace Capital investment portfolio

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Maple Donuts joins Swander Pace Capital investment portfolio

3 Jun 2025

Annie Hollon

Annie Hollon is a journalist, copywriter and social media strategist from the Dallas, Texas area. She found a love for magazine writing during her time at the University of Alabama where she graduated with a Bachelor of Arts, double majoring in public relations and English. Beyond writing, you can find her expanding her library, attempting to teach herself the guitar and trying new hobbies.

SAN FRANCISCO and BEDMINSTER, NJ — Private equity firm Swander Pace Capital (SPC) is furthering its investments in the baking industry with the acquisition of York, PA-based Maple Donuts.

“We are thrilled to partner with the Burnside family and the entire Maple Donuts team to support the company’s continued growth,” said Tyler Matlock, managing director at SPC. “We will look for interesting investment opportunities within the bakery category to further establish Maple Donuts as a value-added partner to its customers. The company’s commitment to quality, innovation and customer service aligns perfectly with our investment philosophy.”

Maple Donuts, founded in 1946 by the Burnside family, is an independent private label donut maker for retail and foodservice channels nationwide.

“We have dedicated our lives to building Maple Donuts into a trusted partner for our customers and a great place to work for our employees,” said Nathaniel and Damian Burnside, co-presidents of Maple Donuts. “As we transition the business, we are confident that Maple Donuts is in excellent hands for the next chapter with SPC. We look forward to seeing the company thrive under their stewardship.”

“Their deep understanding of the bakery industry, combined with their track record of working with family-owned businesses, makes them the ideal partner for our next chapter.” — Luke Burnside | EVP of sales | Maple Donuts

Luke Burnside, EVP of sales at Maple Donuts, noted the family recognized how SPC’s resources and expertise could support the baking company’s growth path.

“Their deep understanding of the bakery industry, combined with their track record of working with family-owned businesses, makes them the ideal partner for our next chapter,” he said. “We are excited to work with the SPC team to further expand our product offerings, enhance our production capabilities, and extend our market capabilities while maintaining the high standards of quality that have defined Maple Donuts since its founding.”

The firm previously acquired brands including Cafe Valley, Voortman Cookies, St-Methode Bakery and Nonni’s Biscotti.

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