US frozen bakery maker Maple Donuts has been purchased by local private equity firm Swander Pace Capital.

The financial terms of the transaction have not been disclosed.

Trading is the 15th place in the bakery field, and also uses partner capital and constitutional capital partners as co-investors.

Founded by the Burnside family in 1946, Maple Donuts produces private label donuts for retail and catering services channels in the United States.

The company offers ready-made products.

Luke Burnside, Executive Vice President of Maple Donuts, said: “The Burnside family recognizes that Swander Pace Capital’s resources and expertise can provide obvious benefits to help Maple Donuts continue its growth trajectory.

“Their deep understanding of the bakery industry, coupled with their history of working with family businesses, makes them the ideal partner for our next chapter.”

Burnside added that the company will work with Swander Pace Capital to "further expand" its products and "enhance" production capacity.

In a joint statement, Maple Donuts co-chairs Damian and Nathaniel Burnside said: “When we transitioned our business, we were confident that Maple Donuts had a great hand with Swander Pace Capital in the next chapter.”

Swander Pace Capital invests in the “defensive” consumer staples throughout the food industry, and has previously acquired bakery businesses including Boulangerie St. Méthode, Cafévalley and Bäckerhausveit.

Recently, another swinging Pace Capital Bakery Asset Café acquired Freed’s Bakery, a national and regional retailer iced mini cupcake maker.

“We will continue to look for interesting investment opportunities in the bakery category to further build Maple Donuts as a value-added partner for its customers,” said Tyler Matlock, managing director of Swander Pace Capital.

Originally created and published by Just Food, a brand owned by global data, “Maple Donuts acquired by PE company Swing Speed ​​Pace Capital”.

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