Arbor Investments, a specialized private equity firm focused on food, beverage and related industries, has acquired Oregon Freeze Dry from Endeavour Capital. This is the fifth platform investment made by the Arbor Fund V.

OFD freeze dries food, probiotics, enzymes, proteins, specialty ingredients and lyophilized pharmaceutical inputs. The firm provides its products to a range of end markets through its 36 freeze dry champers in 4 bicoastal facilities and 550 employees.

The firm has a history of working with the DOD to support troops as well as products used on NASA space missions.

“For decades, Oregon Freeze Dry has set the standard of excellence in meals for consumers and the U.S. military, as well as serving as a trusted partner for our contract manufacturing customers,” said Joe Folds, OFD CEO. “Our ambition has always been to grow – across both new products and new capabilities – and we are excited to be partnering with Arbor, who completely shares our appetite and vision for continued ambitious growth.”

Winston & Strawn LLP served as Arbor’s legal counsel in connection with the transaction. Cascadia Capital served as exclusive financial advisor and Stoel Rives LLP served as legal counsel to OFD.