05:27 PM EST, 11/25/2024 (MT Newswires) -- Clairvest Group ( CVTGF ) after close Monday said it and the Clairvest Equity Partners VII fund made a minority equity investment in Redstone Food Group.

The investment company said the deal for an undisclosed stake in Redstone is its second partnership in the food & beverage co-packing/private label manufacturing domain.

Redstone was founded in 1972 and is headed by Rob Wheeler who will remain the majority owner of Redstone.

"We are thrilled to partner with Rob in this minority partnership deal. With a clear vision, operational excellence, and leading quality, Redstone is well positioned to leverage exciting opportunities in the market, and we look forward to fueling their continued success," said Clairvest Managing Director Robbie Isenberg.

The Redstone investment is Clairvest's ( CVTGF ) 67th platform investment and the first investment of CEP VII, a US$1.2 billion investment pool, US$300 million of which is from Clairvest ( CVTGF ).