Pancake mix maker Kodiak Cakes acquired, 2021-05-25
![Pancake mix maker Kodiak Cakes acquired, 2021-05-25](https://www.bakingbusiness.com/ext/resources/2021/5/KodiakCakesPancakeMixes_Lead.jpg?height=667&t=1621947992&width=1080)
GREENWICH, CONN. — Private equity firm L Catterton has acquired better-for-you food brand Kodiak Cakes for an undisclosed amount. Existing shareholders including Sunrise Strategic Partners, Trilantic North America and the company’s founders and management team will continue to own a significant minority stake in the business. Based in Park City, Utah, Kodiak Cakes offers an assortment of whole grain pancake and waffle mixes, frozen waffles and pancakes, oatmeal, baking mixes and snacking products. The company is led by co-founder and chief executive officer Joel Clark . . .
Buyer L Catterton has significant experience in investing in consumer brands.
![](https://www.capitalism.com/wp-content/uploads/2021/05/Depositphotos_140608972_l-2015-1024x694.jpg)
How Joel Bootstrapped and Pitched His Way to a $160 Million Business After All the Sharks Said No to His Mom's Pancake Recipe - Capitalism
![](https://www.capitalism.com/wp-content/uploads/2023/07/Branch-Basics-600x400.png)
How Joel Bootstrapped and Pitched His Way to a $160 Million Business After All the Sharks Said No to His Mom's Pancake Recipe - Capitalism
![](https://img.foodmanufacturing.com/files/base/indm/multi/image/2024/01/AP24016477245415.65a6c24f031b7.png?auto=format%2Ccompress&fit=crop&h=220&q=70&rect=0%2C0%2C4864%2C2728&w=330)
Kodiak Cakes Privately Acquired
![](https://www.foodnavigator-usa.com/var/wrbm_gb_food_pharma/storage/images/publications/food-beverage-nutrition/foodnavigator-usa.com/news/manufacturers/private-equity-firm-completes-acquisition-of-kodiak-cakes/12616933-1-eng-GB/Private-equity-firm-completes-acquisition-of-Kodiak-Cakes.jpg)
Private equity firm completes acquisition of Kodiak Cakes
![](https://d2azl42aua8mom.cloudfront.net/wp-content/uploads/2021/05/25180524/nosh_kodiak_cake-salesthumbnail.jpg)
Kodiak Cakes Sells to L Catterton, Will Look to Go 'Where White Flour Dominates
![](https://www.capitalism.com/wp-content/uploads/2021/05/Depositphotos_124362084_l-2015-1024x683.jpg)
How Joel Bootstrapped and Pitched His Way to a $160 Million Business After All the Sharks Said No to His Mom's Pancake Recipe - Capitalism
![](https://www.foodnavigator-usa.com/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_medium/publications/food-beverage-nutrition/foodnavigator-usa.com/news/markets/got-milk-fluid-milk-volumes-continue-to-decline-despite-covid-retail-bump-but-it-s-not-terminal-insists-milkpep/12674172-1-eng-GB/Got-milk-Fluid-milk-volumes-continue-to-decline-despite-covid-retail-bump-but-it-s-not-terminal-insists-MilkPep.jpg)
Kodiak Cakes, a $200m overnight success story? Far from it, says co-founder and president
![](https://m.media-amazon.com/images/I/41o74LbszQL._AC_.jpg)
Kodiak Cakes Power Cakes - Protein Pancake Mix & Waffle Mix - 100% Whole Grain- Birthday Cake Flavor (Pack of 6) : Grocery & Gourmet Food
![](https://west.cocowest1.ca/uploads/2021/05/Costco.jpg)
Costco Flyer & Costco Sale Items for May 10-16, 2021, for BC, AB, SK, MB - Costco West Fan Blog
![](https://www.foodnavigator-usa.com/var/wrbm_gb_food_pharma/storage/images/media/images/kodiakcakes_products/12713059-1-eng-GB/KodiakCakes_products.jpg)
Kodiak Cakes, a $200m overnight success story? Far from it, says co-founder and president
Kodiak Cakes Company Profile: Valuation, Funding & Investors
![](https://fa74d61d848a20b729bb-0251b36b713060ab3e0e8321940e01ff.ssl.cf2.rackcdn.com/773637d9-a0f3-45cf-bd1a-c87b67bf2a5f_large.png)
Kodiak Cakes Flapjack & Waffle Mix, Carb-Conscious, Buttermilk
![](https://imageio.forbes.com/specials-images/imageserve/5fa44dc5155c908ed9cd765b/Kodiak-Cakes/960x0.jpg?format=jpg&width=960)
How Kodiak Cakes Has Built A Platform Brand In Grocery Stores