Private equity firm Thomas H. Lee Partners and an affiliate of Goldman Sachs is buying CTI Foods from Littlejohn & Co.

CIT Foods, headquartered in Wilder, Idaho, provides food services to chain restaurants in North America. The company provides fajita meat, roasts, ham, deli meat, shredded meats, burgers, sausage patties, taco meat, pizza toppings and marinated meat. Terms of the deal were not disclosed.

During Littlejohn’s ownership CTI built a new soup plant and research and development facility. The Greenwich, Conn.-based firm is currently investing from Littlejohn Fund IV LP, which has $1.3 billion in capital commitments. Littlejohn’s portfolio companies include Howard Berger Co., Broder Bros. Co and Contech Engineered Solutions.

The firm's past investments include Cosmetic Essence, Wynnchurch Capital Partners' automotive business and Maersk Equipment Services Co. Littlejohn also recapitalized Synventive Molding Solutions and Installed Building Products LLC

Morgan Stanley was CTI’s financial adviser for the deal. 

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