Stout advised Brazi Bites, LLC (“Brazi Bites” or the “Company”), a portfolio company of San Francisco Equity Partners (“SFEP”), on its sale to Midwest Growth Partners (“MGP”). Stout served as exclusive financial advisor to Brazi Bites in connection with the transaction, which closed in August 2026.

Founded in 2010 and headquartered in Portland, Oregon, Brazi Bites is a nationally recognized better-for-you frozen food brand. The Company is best known for its Brazilian Cheese Bread, inspired by traditional pão de queijo and made with tapioca flour and real cheese, as well as its growing line of protein-packed, gluten-free waffles. Brazi Bites has broad distribution across club, conventional, and natural retail channels and relationships with leading national retailers.

Midwest Growth Partners is a food-focused private equity firm that partners with entrepreneurial management teams across the food and agriculture value chain. The firm provides succession liquidity and growth capital and supports portfolio companies through operational expertise, channel expansion, product innovation, and strategic M&A.