On July 28, 2025, Warburg Pincus announced an agreement to acquire FlavorSum, a supplier of natural flavor solutions for food and beverage companies, from The Riverside Company. The financial terms of the deal were not disclosed, so no Canadian dollar equivalent is available. FlavorSum develops and produces custom natural liquid flavors, extracts, and flavor systems for food and beverage applications, with a focus on serving high-growth brands. Under Riverside’s ownership, FlavorSum completed four add-on acquisitions, expanded its facility by 35,000 square feet, and increased investment in research and development, applications, and sales and marketing. CEO Brian Briggs stated that these efforts contributed to the company’s organic growth and its reputation for successful acquisitions and integrations. Warburg Pincus Managing Director Zach Lazar said FlavorSum is well positioned to meet demand for natural solutions and indicated that the company would continue to pursue acquisitions.

The transaction was expected to close later in the third quarter of 2025.

Houlihan Lokey and Cascadia Capital advised FlavorSum financially, with Jones Day as legal counsel. Warburg Pincus was advised by BMO Capital Markets, Cleary Gottlieb Steen & Hamilton LLP, and Stikeman Elliott LLP.