Business Capital structured and secured a $14 million capital facility for Imperial Frozen Foods.

Based in Wake Forest, NC, Imperial is a long term supplier of conventional and organic frozen fruit for a suite of branded and private label frozen fruit products. The company serves more than 50 retail grocers and ships more than 30 million pounds of product each year.

“We are thrilled to play a role in assuring the strategic growth of Imperial Frozen Foods. Our team and process moved efficiently to successfully close this financing transaction and position the company for continued growth as a leader in the frozen food products sector,” said Chuck Doyle, managing director of Business Capital.

As part of its strategy for growth, the company will acquire a complementary frozen vegetable company providing immediate vertical product integration, market expansion, and operational synergies with packing and distribution. Business Capital was brought in by Imperial’s private equity sponsor, Kenex Holdings, to assist with delivering a working capital facility that provided the cash flow needed to manage the acquisition and resulting complexity of operations.