Premium Brands Holdings Corporation acquired Confederation Freezers, one of the largest temperature-controlled warehouse companies in Canada

Premium Brands Holdings Corporation acquired Confederation Freezers, one of the largest temperature-controlled warehouse companies in Canada

The owners of Confederation Freezers were seeking the right partner that would support the current management team and continue the company’s impressive historical growth while providing liquidity for the family shareholders. The Canadian partner of SORTIS Invest, Osprey Capital, planned and executed a highly confidential sale process which included identifying a group of strategic buyers with desired characteristics. Premium Brands Holdings Corporation was selected as the ideal acquirer due to its reputation as a leading food manufacturer and distributor across Canada and the United States. Confederation Freezers is a strong addition to Premium Brands’ distribution channels and supply chain infrastructure that will serve to further enhance Confederation’s capabilities and services for its customers. The deal was closed in March 2021.

Alan Greenspan, President of Confederation Freezers, commented: “This is an exciting transaction for our family and a new chapter in our history. We are enormously proud of what we have accomplished over the last 47 years and are confident that, in partnering with Premium Brands, the legacy of Confederation Freezers will be honored and maintained. We strongly believe that Premium Brands is the right partner, at the right time, to foster these ideals as we move to the next stage of our business.”

“It has been a pleasure to get to know the Greenspan family over the last few years and the Osprey Capital team is incredibly pleased to have been able to assist in the transition of the company. We look forward to the continued success of the management team as a part of the Premium Brands family.” said Stephen Jakob, Managing Partner of Osprey Capital Partners.


Confederation Freezers is a family-owned business. Their rich history in temperature-controlled warehousing & cold storage services encompasses all temperature requirements including ambient, cool and frozen set temperatures. The established transportation network, communications expertise and technical resources create a reliable cold supply chain across Canada. The founders, their sons, and their grandsons continue the family legacy and have expanded the company’s services and capacity to significantly shape and grow the business. They have made significant progress to become one of the largest temperature-controlled warehouse companies in Canada.


Premium Brands Holdings Corporation is a Canadian specialty food manufacturing and distribution company. Premium Brands owns a broad range of food manufacturing and distribution businesses with operations across Canada and northern USA. It is a publicly traded corporation on the Toronto Stock Exchange.


Founded in 1998, Osprey Capital has established itself as one of Canada’s leading independent mid-market investment banking and financial advisory firms. Osprey offers a range of advisory services focused on the execution of merger, acquisition, business sale, and finance transactions. Osprey Capital’s success in servicing clients’ M&A and financing requirements is a result of its understanding of the unique needs of mid-market companies and their shareholders and its strong relationships with industry players.


SORTIS Invest is an investment banking boutique, based in Sofia, Bulgaria, part of SORTIS Group. It is a member of Globalscope Partners, a global family of 55 independent M&A firms in 46 countries with a team of 650 professionals and more than 10,000 completed mergers and acquisitions and private equity deals worldwide. SORTIS Invest has advised clients in various sectors including Telecommunications, Media and Technology (TMT), financial services, food and beverages, life sciences, chemicals, education, defense, manufacturing, energy, mining, transport and logistics, hospitality and real estate.

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