Graham Partners, Inc., Newtown Square, Pa., acquired Mercer Foods, LLC from Harris Williams & Co., a preeminent middle market investment bank based in Boston.

“Mercer Foods is an industry leader with a compelling growth profile and a proven leadership team,” says Tim Alexander, a managing director at Harris Williams & Co. “Mercer Foods steadily expanded under the ownership of Frontenac and Lake Pacific, and partnering with Graham Partners will allow the company to further capitalize on the clean label and better-for-you snacking megatrends in the food industry. We look forward to hearing about the company’s continued success.”

“There continues to be strong interest in the M&A market for food ingredient and better-for-you snack food businesses,” adds Brant Cash, a director at Harris Williams & Co. “Mercer Foods’ products deliver the clean ingredient panels and offer the healthy snacking alternatives consumers want. In addition, the company’s compelling growth trends attracted significant investor interest.”

Mercer Foods, Modesto, Calif., is a leading producer of natural and organic freeze-dried fruits, vegetables and other foods and ingredients for food manufacturers, food retailers and foodservice companies.

Graham Partners is a private investment firm focused on investing in businesses with advanced industrial technologies, innovative product offerings and strong growth potential. Harris Williams & Co., a member of The PNC Financial Services Group, Inc., provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.