Generational Equity Announces the Merger of Hesco, Inc. with Healthy Food Ingredients, LLC

By Generational Equity


Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the merger of its client, Hesco, Inc. ( headquartered in Watertown, South Dakota, with Healthy Food Ingredients, LLC (HFI), located in Fargo, North Dakota. The transaction closed on December 24, 2014.

Hesco, Inc. is a specialty grain company headquartered in South Dakota, the heart of the US grain belt. Hesco provides high quality, conventional and organic grains, and grain-related products for both the food and pet food industries. 

The company is one of the largest independent grain processing facilities in the United States with two active facilities providing grain to both domestic and international customers.

Generational Equity Managing Director Terry Mackin was the Generational Equity Dealmaker that advised Hesco, Inc. on the transaction. 

“Our marketing campaign tapped into the high level of interest for businesses that specialize in organic foods and found our client a partner that is experienced, understands the industry and has a long-term commitment to the company’s success,” stated Terry Mackin.

HFI was formed in October 2013 with the recapitalization, in partnership with the existing owners and management, of SK Food International, Inc. (

HFI’s mission is to build a leading specialty ingredient company that is focused on the organic, non-GMO, gluten-free, ancient grain and identity preserved segments, and it addresses domestic and international customer demands for high quality, reliable, identity preserved ingredients. 

HFI is supported by Horizon Holdings, LLC ( a 26-year-old San Francisco-based private investment firm that has a significant track record in successfully building private and public companies over the long term. 

About Generational

Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit