CHICAGO--(BUSINESS WIRE)--Maranon Capital, L.P. today announced a new mezzanine investment to support the acquisition of Kronos Foods, Inc. (“Kronos”) by Grey Mountain Partners. Maranon also co-invested in the equity alongside Grey Mountain and management.
Kronos, based in Glendale Heights, Illinois, is a leader in the Mediterranean foodservice market selling gyro meat, pita, flatbread, filo products, hummus and sauces in the U.S. and Canada. Since 1975, Kronos has led the industry in innovation starting with the successful development and marketing of the first pre-formed gyro cones. With a philosophy anchored in unparalleled quality and consistency, Kronos has expanded beyond gyro cones into a diversified Mediterranean food manufacturer. For more information about Kronos please visit www.kronosfoodsinc.com.
About Maranon Capital
Maranon Capital, L.P. is an alternative investment management firm focused on private credit investments in middle market companies. Maranon’s competitive edge is its multi-product strategies that span the balance sheet with value-added financing and equity co-investments. Since 2008, Maranon has invested $2.4 billion in 140 transactions. For more information about Maranon Capital please visit www.maranoncapital.com.
About Grey Mountain Partners
Grey Mountain Partners is a Boulder, Colorado-based private equity firm that focuses on partnering with management teams to create lasting value through operational improvements and by supporting strategic growth initiatives. The firm invests in lower middle-market companies across a wide range of industries and has approximately $700 million of assets under management. For additional information please visit www.greymountain.com.