Harkness Capital Partners has sold Cenavera Nutrition, the largest independent K-12 foodservice provider in the U.S., to Nautic Partners, positioning Cenavera for further growth and market expansion.

Target Information

Cenavera Nutrition, based in Scottsdale, Arizona, is the largest independent provider of outsourced foodservice for K-12 schools across the United States. Established in 2004, the company serves 380 districts in 33 states and emphasizes a 'from scratch' foodservice model that prioritizes culinary excellence. This approach not only enhances student meal participation rates but also fosters better outcomes for educational institutions. Leading the company are Co-CEOs Monty Staggs and Jonas Falk, who are supported by a proficient management team with extensive experience in serving K-12 public and charter schools.

Under the stewardship of Harkness Capital Partners since July 2017, Cenavera has successfully expanded its operations from a limited six-state entity into a leading independent foodservice provider nationwide. Harkness's initiatives focused on attracting top talent, entering new markets, and refining management processes to transition Cenavera into a broader, more efficient platform for growth.

Industry Overview

The K-12 foodservice industry in the United States has evolved significantly over the years, influenced by changing nutritional regulations, increased emphasis on student health, and the need for cost-effective meal programs. The COVID-19 pandemic presented unprecedented challenges, ye