Gallant Capital Partners has acquired NCCO, a manufacturer of labels and non-food consumable products used by restaurants, convenience stores, and foodservice operators.
NCCO products include food safety and rotation labels, tamper-evident labels, custom-branded labels, guest checks, and register rolls used in restaurant and hospitality operations to manage food preparation, inventory tracking, and point-of-sale transactions. Specific products include GuestCheck order pads, DateCodeGenie automated labeling systems, Task Manager food safety software, and the Always Food Safe training platform.
NCCO was founded in 1905 by Carl Raschick and Frank Minea as the National Checking Company. The company began as a printer of coupon books and meal tickets used by schools, cafés, gas stations, dairies, and railroads. President and CEO Ben Olk III, who succeeded his father in 2007, now leads the St. Paul, Minnesota-based company.
“As we considered the future of NCCO, it was important to find a partner that shared our long-term perspective and commitment to our employees, customers, and culture,” said Mr. Olk. “Gallant stood out because of its collaborative approach and genuine appreciation for what has made NCCO successful over the past century. We are excited to partner with Gallant as we continue investing in our team, our products, and the customers we serve.”
Headquartered in Los Angeles, Gallant Capital makes control investments ranging from $15 million to $200 million in technology, industrial, and business services companies with up to $40 million of EBITDA.
[caption id="attachment_236822" align="alignright" width="120"] Anthony Guagliano[/caption]
“NCCO is an exceptional business with deep customer relationships, a differentiated portfolio of mission-critical products and solutions, and a highly respected position in the foodservice industry,” said Anthony Guagliano, a partner at Gallant. “We are excited to partner with the NCCO team to support the company’s next phase of growth. Gallant’s investment philosophy is centered around collaboration, and we look forward to investing behind NCCO’s people, technology, and commercial capabilities while building on the strong foundation already in place.”
“We were drawn to NCCO because of the strength of its culture, the depth of its customer relationships, and the mission-critical nature of its products and solutions,” said Chris Suen, a managing director at Gallant. “We believe there are meaningful opportunities to support continued innovation across the Company’s labels portfolio, DateCodeGenie platform, and broader food safety solutions. Our goal is to provide resources and operational support that help the NCCO team continue delivering exceptional value to its customers.”
Gallant Capital was founded in 2018 by former Gores Group professionals Jon Gimbel and Anthony Guagliano, along with former OpenGate Capital professional Desmond Nugent. In September 2024, Gallant held the final closing of Gallant Capital Partners Fund II LP with $406 million in capital.
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