Private equity firm acquires 50% stake in Dave's Killer Bread

A New York private equity firm, The Goode Partners LLC, has acquired a 50% stake in Dave’s Killer Bread,


Sustainable Business Oregon

reported.

Dave’s Killer has also named a new chairman baking industry veteran Angelo Fraggos, and plans to hire a new CEO in 2013.

The current CEO, Shobi Dahl, took over in 2011 from his father, Glenn Dahl. When the new CEO is hired, Shobi Dahl will concentrate on expanding the business and other areas, the article said.

Glenn Dahl’s brother Dave Dahl, an ex-convict, rejoined his family bread business in 2005 and transformed the company with the introduction of the Dave’s Killer Bread brand. Sales have grown from $3 million to $53 million, according to the report. The brand is now sold in 11 states and plans to enter new markets in 2013.

The move will enable Dave’s Killer to enter the next phase of growth, the article said. Dan Bonoff, a partner at Goode, told the journal, “We collectively believe there’s no reason they shouldn’t be a national brand,” (Source:

Sustainable Business Oregon,

Dec. 27, 2012.)