Clearlake Capital Group LP has agreed to acquire BakeMark USA LLC from Pamplona Capital Management.

With a line of bakery mixes, fillings and icings, and other baking ingredients and products, BakeMark offers both resale ingredients and self-manufactured products through its brands, including Westco, Best Brands, BakeSense, C’est Vivant and Sprinkelina. Headquartered in Pico Rivera, Calif., BakeMark has approximately 1,000 employees and operates five manufacturing sites and 29 distribution centers across North America.

“The BakeMark investment is a natural extension of Clearlake’s deep experience investing in both the food & beverage and distribution & logistics ecosystems,” says José Feliciano, co-founder and managing partner, and Arta Tabaee, managing director, Clearlake. “We believe long-term market tailwinds, including increased focus on supply chain simplification and growing demand for ethnic and specialty bakery products, offer a unique opportunity to invest behind a category leader like BakeMark. We are eager to support the management team and bring together all of Clearlake’s available resources to drive value creation, accelerate organic growth, and create an industry consolidation platform.”

Harris Williams and Houlihan Lokey served as financial advisors to Pamplona. Credit Suisse served as financial advisor to Clearlake and is leading the financing to support the investment alongside Deutsche Bank Securities Inc. and BMO Capital Markets.