Lower middle market private equity firm
LaSalle Capital
- HeadquartersChicago, IL S1
- Founded2004 S1
- Websitelasallecapital.com
- Last verifiedOctober 20, 2026
At a glance
| Latest fund | LaSalle Capital RBIC, L.P., $90.9M (Apr 2025) S5 |
|---|---|
| EBITDA range | $2M to $15M S2 |
| Revenue range | $10M to $100M S2 |
| Check size | $10M to $30M S1 |
| Deal types | Platform, Add-on S2 |
| Sectors | Consumer & Food |
What LaSalle Capital buys
LaSalle Capital is a Chicago firm, founded in 2004, that invests only in the food and beverage world. It buys control of value-added food and drink makers that sell into premium private label, foodservice, specialty retail, contract manufacturing and direct-to-consumer channels. It also looks at ingredient suppliers, niche products and services sold into the food supply chain, and specialty agriculture. Its target is $10 million to $100 million of revenue and $2 million to $15 million of EBITDA, with $10 million to $30 million of equity per platform, often put in over several rounds to pay for growth, plant expansion and add-ons.
Its newest fund, LaSalle Capital RBIC, is licensed by the USDA as a rural business investment company and closed in April 2025 with about $91 million. The firm says it has invested more than $500 million across its funds. It keeps a small portfolio of five current companies, and its two newest platforms, Coalition Foods and Cheesemakers, were added in June and September 2026.
Recent deals
Announced in the 24 months before October 20, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Sep 2026 | CheesemakersHispanic and specialty cheese supplier to restaurants, selling under the Jaimito and Lone Star brands; the CEO stays on | Platform | Consumer & Food | Source |
| June 2026 | Coalition FoodsContract maker of nutrition, protein and snack bars based in Heath, Ohio | Platform | Consumer & Food | Source |
| Jul 2025 | Joseph's Gourmet PastaFrozen pasta and meals maker sold to Turri's Italian Foods, a Benford Capital Partners company | Exit | Consumer & Food | Source |
| Apr 2025 | LaSalle Capital RBIC, L.P.USDA-licensed rural business investment fund closed at about $90.9 million, above its target | Fund close | Source | |
| Feb 2025 | B-O-F CorporationMaker of gravity-flow shelving for refrigerated store aisles sold to Victor Capital Partners after about three years | Exit | Industrial & Manufacturing | Source |
Portfolio by sector
From the firm's portfolio page S3.
Food & Beverage
- Cheesemakers
- Coalition Foods
- Cascade Coffee
- Great Lakes Potato Chips
- Westminster Bakers
Past investments: Joseph's Gourmet Pasta, B-O-F Corporation, Fresh Origins, Lucy's
Greymont’s take
How LaSalle Capital fits a seller
LaSalle suits owners of food and beverage manufacturers with healthy margins, a defensible niche and a management team that wants to keep running the business. In both its 2024 Cascade Coffee deal and its 2026 Cheesemakers deal the sitting CEO stayed on, and LaSalle says its role is capital plus help with plant investment, new products, pricing and sales channels. Its criteria call for managers with a personal investment in the company, so leaders who stay should expect to be asked to keep a stake.
Holding periods vary. B-O-F was sold after about three years, while Joseph's was held for almost six, and both went to other private equity owners or their portfolio companies. An owner should ask which LaSalle fund would make the investment and how much more equity it plans to add after closing, since it often invests in stages.
Questions owners ask
What size food company does LaSalle Capital invest in?
Its approach page lists revenue of $10 million to $100 million and EBITDA of $2 million to $15 million. It aims to invest $10 million to $30 million of equity in each platform, often over several rounds.
Does LaSalle invest outside food manufacturing?
Yes, as long as the business sits in the food and beverage world. It also looks at supply chain services, niche products sold into the food supply chain and differentiated agriculture. Past examples include B-O-F, a refrigerated shelving maker, and Fresh Origins, a microgreens grower.
Does management stay after LaSalle invests?
In its two most recent announced platform deals, Cascade Coffee in 2024 and Cheesemakers in 2026, the existing CEO stayed on to lead the company. Its criteria call for a management team with a personal stake in the business.
What is LaSalle's newest fund?
LaSalle Capital RBIC, L.P. held its final close on April 8, 2025 with total commitments of $90,925,000, above its target. The USDA licenses it as a rural business investment company focused on the food and beverage value chain.
Sources
- S1LaSalle Capital home page Accessed October 20, 2026
- S2LaSalle Capital: Approach Accessed October 20, 2026
- S3LaSalle Capital: Portfolio Accessed October 20, 2026
- S4LaSalle Capital: News Accessed October 20, 2026
- S5LaSalle Capital Announces the Final Close of LaSalle Capital RBIC, L.P. (April 8, 2025) Accessed October 20, 2026
- S6LaSalle Capital Completes Investment in Cascade Coffee (October 1, 2024) Accessed October 20, 2026
- S7LaSalle Capital Completes Investment in Cheesemakers (September 8, 2026) Accessed October 20, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with LaSalle Capital. Figures are as reported on the dates shown and may have changed. Request a correction