Truelink Buys Lyons Magnus for About $1 Billion

Truelink Capital agreed to buy Lyons Magnus, a Fresno fruit-ingredient and syrup maker, for roughly $1 billion. Paine Schwartz Partners, which owned it nearly a decade and nearly doubled its size, announced the sale July 20, 2026. The sponsor-to-sponsor deal shows how private-equity firms sell to each other when IPO markets stay tough.