Key Takeaways
- • SK Capital Partners completed the acquisition of Brothers International Food Holdings from Benford Capital Partners, taking a controlling stake while founder and CEO Travis Betters retains significant ownership and operational control.
- • Brothers International demonstrated exceptional growth under BCP's five-year ownership (2020–2026), with revenue and earnings expanding more than seven-fold through a combination of organic growth and three strategic add-on acquisitions (Dennick FruitSource, Hosh International, and Food Partners), while headcount grew from 32 to 120 employees.
- • The company operates as a global supplier of natural fruit ingredients and products—primarily tropical and exotic fruit concentrates and purees sourced from more than 30 countries—and provides integrated services including product development, logistics, quality assurance, and freeze-dried snacks through its Brothers All Natural subsidiary.
- • SK Capital, which closed its sixth fund (SK Capital Partners VI LP) in April 2024 with $2.9 billion in capital commitments, targets specialty materials, chemicals, and pharmaceutical sectors with typical equity investments of $100 million to $200 million per portfolio company.
- • Bain Capital provided committed debt financing for the transaction; Harris Williams and Alantra served as financial advisors to Brothers International and SK Capital, respectively.
Summary
SK Capital Partners has completed its acquisition of Brothers International Food Holdings, a Rochester, New York–based supplier of natural fruit ingredients to the food and beverage industry. The transaction, announced April 22, 2026, marks the exit of Benford Capital Partners after a five-year investment period that delivered substantial value creation. SK Capital has assumed a controlling stake while maintaining founder Travis Betters as president and CEO, with Betters retaining significant ownership in the company—a structure designed to align management incentives and ensure operational continuity.
Brothers International specializes in sourcing and supplying tropical and exotic fruit concentrates, purees, and related ingredients from a global network spanning more than 30 countries. The company operates as an integrated solutions provider, offering customers product development support, logistics coordination, quality assurance, and regulatory compliance expertise. The company also manufactures private label and branded freeze-dried snacks through its subsidiary, Brothers All Natural, which serves major retailers across multiple food and beverage channels.
During BCP's ownership tenure, Brothers International demonstrated substantial financial performance. Revenue and earnings expanded more than seven-fold, driven equally by organic growth and strategic acquisitions. The company executed three add-on acquisitions—Dennick FruitSource (November 2021), Hosh International (April 2023), and Food Partners (December 2025)—all based in Florida, which broadened sourcing capabilities and strengthened customer relationships. Headcount grew from 32 to 120 employees, reflecting both organic scaling and integration of acquired businesses. According to Brendan Green, a managing director at BCP, "Each of the three add-on acquisitions expanded Brothers' sourcing capabilities and deepened its customer relationships in a targeted way."
SK Capital, a New York-based investment firm focused on specialty ingredients, materials sciences, and life sciences sectors, has a demonstrated track record in food and ingredient businesses. The firm's most recent fund, SK Capital Partners VI LP, closed in April 2024 with $2.9 billion in capital commitments and typically deploys equity investments between $100 million and $200 million per portfolio company. Jack Norris and Rob Abrams, managing director and principal respectively at SK Capital, cited strong demand for natural and clean-label ingredients and Brothers' well-positioned market presence as key drivers of the investment thesis. Bain Capital provided committed debt financing for the acquisition. Harris Williams served as financial advisor to Brothers International, while Alantra advised SK Capital on the transaction.
Brothers International specializes in sourcing and supplying tropical and exotic fruit concentrates, purees, and related ingredients from a global network spanning more than 30 countries. The company operates as an integrated solutions provider, offering customers product development support, logistics coordination, quality assurance, and regulatory compliance expertise. The company also manufactures private label and branded freeze-dried snacks through its subsidiary, Brothers All Natural, which serves major retailers across multiple food and beverage channels.
During BCP's ownership tenure, Brothers International demonstrated substantial financial performance. Revenue and earnings expanded more than seven-fold, driven equally by organic growth and strategic acquisitions. The company executed three add-on acquisitions—Dennick FruitSource (November 2021), Hosh International (April 2023), and Food Partners (December 2025)—all based in Florida, which broadened sourcing capabilities and strengthened customer relationships. Headcount grew from 32 to 120 employees, reflecting both organic scaling and integration of acquired businesses. According to Brendan Green, a managing director at BCP, "Each of the three add-on acquisitions expanded Brothers' sourcing capabilities and deepened its customer relationships in a targeted way."
SK Capital, a New York-based investment firm focused on specialty ingredients, materials sciences, and life sciences sectors, has a demonstrated track record in food and ingredient businesses. The firm's most recent fund, SK Capital Partners VI LP, closed in April 2024 with $2.9 billion in capital commitments and typically deploys equity investments between $100 million and $200 million per portfolio company. Jack Norris and Rob Abrams, managing director and principal respectively at SK Capital, cited strong demand for natural and clean-label ingredients and Brothers' well-positioned market presence as key drivers of the investment thesis. Bain Capital provided committed debt financing for the acquisition. Harris Williams served as financial advisor to Brothers International, while Alantra advised SK Capital on the transaction.
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