The Staffordshire company which makes the pies and burgers at West Bromwich Albion and Wolverhampton Wanderers has been bought in a £14 million deal.
Lindley Catering, which provides contracted catering to sports grounds across Britain, has been acquired by private equity firm Sovereign Capital.
The new owners said it was now targeting more contracts with other Midland football clubs in its sights, as well as possible acquisitions in the sector.
Lindley, which is based in Stoke and employs 400 people, provides public and executive catering to 32 football clubs including Manchester City and Celtic.
Last year, it achieved sales of £30 million, helped by branching out into the leisure and theatre industry.
Chief executive Alex McCrindle, sales and marketing director Paul Biffen and finance director David Hulme will remain with the company.
Sovereign, who were advised by Clearwater Corporate Finance in Birmingham, said it had targeted Lindley because of its previous experience in outsourcing.
The London-based group already owns DC Leisure, which runs sports and leisure centres for local councils across Britain.
Jon Hustler, partner, who led the Clearwater team, assisted by director Martin Poole said: "Under the stewardship of the current management team Lindley has established an enviable position and is well poised for further growth with the backing of its new investors."
Martin Cordey, director at Lloyds TSB Corporate Acquisition Finance in Birmingham, who were debt providers in the deal, said: "Catering at football and other sports stadia is now big business.
"Competition in the market has intensified which has led to many contracted catering companies upping their game," he added.
"The buy out will enable Lindley to consolidate its leading position in the market place and give it the extra impetus to drive the business forward."