MidOcean Partners, a middle market private equity firm focused on consumer and business services, has acquired Casper’s Ice Cream, a manufacturer and supplier of branded frozen novelty products sold in grocery stores.

Casper’s provides a portfolio of frozen novelty and ice cream products including ice cream sandwiches, bars, sticks and more. The firm primarily sells its products through the FatBoy, Jolly Llama and ChurnBaby Brands. Casper delivers its products through its three manufacturing facilities.

The deal is intended to accelerate Casper’s growth and drive value through organic strategy and additional M&A activity by MidOcean. This is MidOcean’s second investment in branded food in the last six months.

“MidOcean has been evaluating opportunities in the branded food category for a number of years, with a specific focus on the highly attractive frozen novelty category,” stated Daniel Penn, MidOcean managing director. “We are honored to be a part of the Casper’s family and look forward to being great stewards of legacy built by the Merrills over the last 95+ years, including the Company’s commitment to service leadership, philanthropy and community relations.”

Gibson Dunn & Crutcher LLP acted as legal advisor to MidOcean. Bennett Tueller Johnson & Deere acted as legal advisor and Raymond James acted as financial advisor to Casper’s.