San Francisco, Calif. – July 8, 2026 – Hyde Park Capital announced today that its client, No Cow and Good Karma Foods, have been acquired by Trek One Capital. Hyde Park Capital served as the exclusive investment banker for this transaction.
No Cow is a leading producer of plant-based, low sugar protein bars and Good Karma Foods is the leading producer of non-dairy flaxmilk. No Cow and Good Karma products are primarily sold through various leading natural and conventional retail organizations throughout the U.S. as well as ecommerce direct to consumer.
No Cow offers nine protein bar flavors with each representing superior nutrition, better-for-you clean label ingredients, 20 grams of plant protein, one gram of sugar, 15 grams of fiber, gluten free and 200 calories per bar.
Good Karma offers a nutrient rich flax based non-dairy milk consisting of high-protein and better-for-you clean label simple ingredients, five grams of protein, zero grams of sugar in the unsweetened variety, vitamins A, B, & D, gluten free and is available in both refrigerated and shelf-stable options.
No Cow was founded in 2015 to address a market need for a plant-based, low sugar, dairy-free protein bar alternative. Good Karma was founded 20 years ago to create a non-dairy milk substitute and became a plant-based pioneer in allergen-friendly flax-based milk products.
Craig Lawson, Managing Director at Hyde Park Capital, noted, “No Cow and Good Karma Foods are differentiated brands serving attractive segments of the better-for-you food and beverage market. Trek One Capital is an ideal partner from a strategic and operational perspective.”
About No Cow and Good Karma Foods
No Cow and Good Karma products can be found nationally at retail and online. More information available at www.nocow.com; www.goodkarmafoods.com.
About Trek One Capital
Founded in 2023, Trek One Capital is focused on investing in lower middle market growth-oriented businesses. Trek One seeks to partner with owner-operators, founders and management teams with majority control investments where it can leverage its financial and operating experience to help drive the overall growth strategy. The investment focus is industry agnostic with flexible deal structures specific to each situation providing flexible debt and equity solutions. Trek One has a particular focus on better-for-you food and beverage products and completed the acquisition of Alter Eco Foods in late 2023. For more information, please visit www.trekonecapital.com; www.alterecofoods.com.
About Hyde Park Capital
Hyde Park Capital is a boutique investment banking firm specializing in mergers and acquisitions of successful founder and family-owned companies. Hyde Park Capital’s principals have extensive investment banking experience, including managing sell-side and buy-side transactions, recapitalizations, financial advisory assignments, fairness opinions, raising growth and acquisition capital for companies, including equity, mezzanine, senior debt, and project finance. Hyde Park Capital has bankers who specialize in numerous industry sectors, including healthcare, industrials, business services, technology, consumer, and cleantech/power finance particularly in connection with data centers. Hyde Park Capital is headquartered in Tampa, Florida, with additional offices in Nashville, Tennessee, and San Francisco, California, and is a member of FINRA and SIPC. For additional information, please visit www.hydeparkcapital.com.
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