Truelink Capital Acquires Lyons Magnus for ~$1 Billion

Truelink Capital has agreed to buy Fresno-based Lyons Magnus, a fruit ingredients and beverage syrup maker, for roughly $1 billion. Paine Schwartz Partners, which owned the company for nearly a decade and nearly doubled its size, announced the sale on July 20, 2026. The sponsor-to-sponsor transfer underscores how PE firms exit assets when IPO access stays limited.