NMP Capital is pleased to announce our support of Highlander Partners’ acquisition of Tapatío®, the iconic hot sauce brand founded in 1971. This marks NMP’s eighth investment with Highlander, a Dallas-based firm we have partnered with since 2017.
Founded in California by the Saavedra family, Tapatío has built a trusted, authentic brand with a loyal following, particularly across the Western U.S. The brand has a strong presence in the fast-growing hot sauce category, with distribution across big-box retailers, supermarkets, and foodservice customers.
NMP’s investment alongside Highlander aims to advance Tapatio’s reach into new geographies, broaden its distribution channels, and bolster new product development.
Tapatío® is a beloved hot sauce brand that has been bringing a flavorful kick to dishes since 1971. Founded in California by Jose-Luis Saavedra Sr., Tapatío® is named after the term used to describe someone from Guadalajara, Mexico, reflecting its deep connection to traditional Mexican flavors. Known for its perfect balance of medium heat and rich, tangy flavor, Tapatío® is crafted from a blend of red peppers, vinegar, garlic, and spices. It’s a versatile condiment, commonly used to enhance everything from Mexican cuisine to eggs, soups, and more..
Highlander Partners is a Dallas-based private investment firm with more than $3 billion in assets under management. The firm focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience. Highlander Partners employs a buy and build investment approach, creating value by helping companies grow both organically and through acquisitions.
NMP Capital invests debt and equity capital in partnership with financial sponsors. NMP focuses on making investments in private equity-backed companies across a broad range of industries, including business services, consumer, industrials, and healthcare. For over 20 years, NMP has worked as committed, thoughtful investment partners who deliver creative and flexible transaction solutions.