Food and Beverage Business
Finance

Investment firm acquires majority stake in US jerky maker No Man’s Land

Investment firm acquires majority stake in US jerky maker No Man’s Land meat, Savoury Snacks, Shelf-stable Food and Beverage Business

No Man’s Land, a US-based jerky and meat sticks producer, has recently been acquired by private investment firm Bansk Group, marking the firm’s second investment in the food and beverage sector.

The deal involved Bansk acquiring a “majority interest” in the Oklahoma-based company, with full terms undisclosed. No Man’s Land, founded in 1997, will continue to be led by CEO Pete Dillingham, president Clint Beagley, and the existing leadership team. The company produces beef jerky using a slow-drying production process and sells primarily in the convenience channel, with other retail stockists including Walmart and Kroger.

Bansk Group, established in 2019, primarily focuses on investing in consumer brands, including companies in the food and beverage industry. The firm partners with brands across four consumer categories: beauty and personal care, food and beverage, consumer health, and household products. No Man’s Land will now utilize Bansk’s expertise to “expand distribution and increase market share in a large category with attractive tailwinds”. Brian O’Connor, senior partner and chief investment officer at Bansk, expressed the belief that there is a significant opportunity for the company to expand into new distribution channels and geographic markets and bring its products to a wider consumer base.

This acquisition follows the investment firm’s acquisition of Red’s All Natural, a clean-label frozen burritos and breakfast sandwiches brand, indicating Bansk’s commitment to investing in high-quality, high-protein snack options that align with current food and beverage industry trends.

Further development in the story is anticipated, and Just Food has reached out to both companies for future details of the assets acquired.

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