US-based private investment firm Bansk Group has acquired a majority stake in jerky maker No Man’s Land for an undisclosed fee.

The deal sees Bansk acquire what was described as a “majority interest”. Full terms were not disclosed.

Based in Oklahoma, No Man’s Land produces beef jerky and meat sticks using a slow-drying production process.

In the statement announcing the transaction, No Man’s Land was described as selling “primarily” in the convenience channel. Other retail stockists include Walmart and Kroger.

The company, founded in 1997, will continue to be led by CEO Pete Dillingham, president Clint Beagley and the existing leadership team.

Dillingham said: “Bansk’s expertise in building consumer businesses is unmatched, and we could not be happier to have them as our partners. Our team looks forward to working closely with the Bansk team and utilising their extensive operational and brand building experience to accelerate No Man’s Land’s next phase of growth.”

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By GlobalData

Bansk’s investment in No Man’s Land marks the firm’s second investment in the food and beverage sector, following its acquisition of Red’s All Natural, a clean-label frozen burritos and breakfast sandwiches brand, in January 2023.

Founded in 2019, Bansk Group focuses on investing in consumer brands. The firm partners with brands across four consumer categories: beauty and personal care, food and beverage, consumer health and household products.

The investor said No Man’s Land would use its backing to “expand distribution and increase market share in a large category with attractive tailwinds”.

“Consumers today are increasingly seeking high-quality, high-protein snack options, and we believe there is a meaningful opportunity for No Man’s Land to expand into new distribution channels and geographic markets and bring its beloved products to more consumers across the country,” Brian O’Connor, senior partner and chief investment officer at Bansk, added.

Just Food has contacted both companies for details of the assets acquired.