Who Owns Real Good Foods Company?

Real Good Foods Bundle

Get Full Bundle:

	5 FORCES	$15	$10
	BCG	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10
	SWOT	$15	$10

TOTAL:

ADD TO CART

Who Owns The Real Good Food Company Now?

A significant ownership shift occurred in 2024, transitioning The Real Good Food Company from public to private hands. Knowing a company's ownership is key to understanding its future direction and how it operates.

The company, established in 2016, focused on healthier frozen food options. Its journey included a public listing before a major restructuring in 2024.

Who owns Real Good Foods Company?

The Real Good Food Company, LLC, was founded in 2016 in Cherry Hill, New Jersey, with Bryan Freeman and Josh Schreider as key figures in its establishment. The company's initial aim was to transform the frozen food market by offering convenient, high-protein, low-carbohydrate options made with gluten- and grain-free ingredients.

Founding Vision

The company was established with a clear vision to innovate within the frozen food sector. Its mission centered on providing healthier alternatives that didn't compromise on taste or convenience.

Early Backing

Initial operations were supported by private investors who provided essential seed capital. This early funding was crucial for product development and market entry.

Growth Investment

A significant early financial milestone was a minority investment from Strand Equity in March 2019. This capital infusion facilitated business scaling and product line expansion.

Product Diversification

Following the investment, the company broadened its offerings beyond its initial pizza products. New categories included various snacks, appetizers, and Mexican-inspired entrees.

Ownership Details

Specific details regarding the initial equity distribution among the founders are not publicly disclosed. However, the early private investment and subsequent growth equity were instrumental in shaping the company's foundational ownership structure.

Market Positioning

The company positioned itself to meet a growing consumer demand for healthier, convenient food options. Its focus on specific dietary needs, like gluten-free and low-carb, helped it carve out a niche.

The foundational ownership of The Real Good Food Company was established by its founders, Bryan Freeman and Josh Schreider, in 2016. While the precise equity split at inception remains private, the company's early growth was significantly bolstered by external investment. A key event was the minority investment from Strand Equity in March 2019, which provided the capital needed to expand its product range and scale operations. This early financial support from private investors and a growth equity firm was critical in shaping the company's initial ownership structure and paving the way for its subsequent development. Understanding the Competitors Landscape of Real Good Foods helps contextualize the company's strategic positioning and ownership evolution.

Key Ownership Milestones

The early ownership of The Real Good Food Company was shaped by initial founder contributions and subsequent external investments, crucial for its growth trajectory.

• Founding in 2016 by Bryan Freeman and Josh Schreider.
• Initial seed capital provided by private investors.
• Minority investment from Strand Equity in March 2019.
• Investment facilitated business scaling and product line expansion.

Real Good Foods SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

The ownership of The Real Good Food Company has undergone a significant transformation, moving from a public entity to private ownership following a bankruptcy filing and subsequent acquisition. This evolution dramatically reshaped its stakeholder landscape.

Before its privatization, the company had a distinct share structure. Class A common stock held 100% of the economic interest, while Class B common stock, held by members of Real Good Foods, LLC, had no economic interest but controlled approximately 76% of the voting power. Key institutional investors, including various Fidelity funds like FSMAX and FCGSX, were among the major holders of Real Good Foods stock during its public trading period. The company's journey from its IPO in November 2021, where it raised about $64.0 million, to its delisting after the August 2024 acquisition by Solace Capital Partners marks a complete shift in who owns Real Good Foods.

Key Ownership Milestones

The Real Good Food Company's ownership structure evolved significantly, culminating in its acquisition by Solace Capital Partners.

• Public debut on Nasdaq in November 2021.
• Dual-class share structure prior to privatization.
• Chapter 11 bankruptcy filing in June 2024.
• Acquisition and privatization by Solace Capital Partners in August 2024.
• Current status: Privately held by Solace Capital Partners.

As of late 2024 and into early 2025, Solace Capital Partners is the controlling equity owner of The Real Good Food Company. This acquisition effectively ended its status as a publicly traded entity, meaning Real Good Foods stock is no longer available on exchanges like Nasdaq. The transition to private ownership by Solace Capital Partners fundamentally altered the company's ownership structure and its relationship with former investors. Understanding the Revenue Streams & Business Model of Real Good Foods provides context for its operational strategy under new ownership.

Real Good Foods PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

Following its acquisition by Solace Capital Partners in August 2024, the board of directors for the company is now overseen by its private equity owners. While specific current board appointments are not publicly disclosed, the strategic direction is guided by Solace Capital Partners.

Prior to its privatization, the company operated with a classified board structure, where directors were elected for three-year terms. As of April 2023, the board consisted of five members, including Bryan Freeman as Executive Chairman and Gerard G. Law as Chief Executive Officer. The voting power was notably concentrated, with Class B stock, held by Real Good Foods, LLC members, conferring approximately 76% of the voting interest, despite Class A stock holding all economic interest. This structure allowed a minority economic stake to wield significant control over voting power.

Understanding Ownership Shifts

The company's ownership and governance underwent a significant transformation after its Chapter 11 bankruptcy filing in June 2024. The subsequent acquisition by Solace Capital Partners in August 2024 marked a shift to private ownership.

• The previous voting structure involved Class A and Class B common stock.
• Class B stock holders controlled a substantial majority of voting power.
• The acquisition by Solace Capital Partners changed the ownership dynamics.
• Key leadership roles, such as CEO, have seen transitions.
• Understanding these changes is crucial for assessing the Target Market of Real Good Foods.

Real Good Foods Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

The ownership of The Real Good Food Company has undergone significant transformation in recent years, moving from public trading to private equity control. This shift reflects a period of intense financial restructuring and operational challenges for the company.

The recent history of The Real Good Food Company illustrates a common trend where companies facing significant financial headwinds transition from public markets to private ownership. This move often aims to provide a more stable environment for operational and financial restructuring, away from the immediate pressures of public market scrutiny. The acquisition by Solace Capital Partners in August 2024 marked a pivotal moment, fundamentally altering the company's ownership structure and its relationship with investors.

New Leadership Amidst Challenges

In March 2024, Tim Zimmer took over as CEO, a strategic move intended to steer the company towards profitability. This leadership change occurred during a period of considerable financial strain.

Privatization Through Acquisition

Following a Chapter 11 bankruptcy filing in June 2024, the company was acquired by Solace Capital Partners in August 2024. This transaction resulted in the company becoming privately held, with previous public shareholders no longer holding equity.

Financial Reporting and Market Delisting

The company announced restatements for its 2022 and 2023 financial statements due to revenue recognition errors. Subsequently, it initiated a voluntary delisting from Nasdaq and deregistration with the SEC in early 2025.

Current Public Trading Status

As of August 22, 2025, residual public shares trade on the OTC's 'Expert Market' with a market capitalization of approximately $3.603 million. This reflects the ongoing impact of the company's restructuring and its transition to private ownership. Understanding the Mission, Vision & Core Values of Real Good Foods can provide context for its operational journey.

Real Good Foods Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔