Peak Rock Capital is in the pre-stages of launching a sale process for 2015 portfolio company Berner Food & Beverage, a private-label manufacturer of dips, spreads and beverages, three sources briefed on the matter told PE Hub.

Peak Rock, an Austin, Texas-based private equity firm, recently retained Lazard as Berner's sellside adviser, two of the sources said. Since Peak Rock acquired Berner in 2015, the business has increased 3x in revenue and 6x in EBITDA, one source told PE Hub.

The potential sale marks a significant exit opportunity for Peak Rock Capital, which has overseen substantial growth at the private-label food manufacturer. Lazard will manage the auction process, which is expected to attract strategic buyers and other private equity firms interested in the food and beverage sector.

Sources indicate the process is in early stages, with no final decision made on valuation or timing. Berner's portfolio of private-label dips, spreads and beverages positions it well in the current market for food manufacturing assets.