CapVest Partners, has acquired Second Nature Brands, a platform of snacks and treats brands, from private equity firm Palladium Equity Partners.

Second Nature Brands is a creator of snacks and treats. Second Nature Brands has an extensive distribution network across the United States and a growing direct-to-consumer eCommerce presence.

Palladium is a private equity buyout firm in the industry with over $3 billion of assets under management. Palladium has invested over $3 billion of capital in 38 platform investments and 149 add-on acquisitions, realizing 23 of these platform investments.

“We are very proud of the results that have been achieved at Second Nature Brands,” said Alex Funk, principal at Palladium. “Nick Nicolay, Vic Mehren, and the entire team have been outstanding partners throughout our ownership, and have grown the business into a true leader that we believe is well positioned for its next chapter of growth.”

Piper Sandler & Co. served as financial advisor to Second Nature Brands on the transaction. Greenberg Traurig served as Second Nature’s legal advisor. Deloitte Corporate Finance served as an advisor to the board of directors of Second Nature Brands.