Daily News: March 15, 2019

Beef International Retains M&A Specialist Equity Partners HG

Beef International, a custom manufacturer of premium meat products, has retained Equity Partners HG to explore strategic options, including a partnership, investment or a sale of some or all of the business.

Founded over 35 years ago and located just outside Philadelphia, the company specializes in manufacturing roast beef, corned beef, pastrami, shredded beef and pot roast, as well as specialty pork products, including ribs, osso buco and shredded pork. It operates out of a 36,000 square foot facility and is SQF level 2 and Halal certified.

Kevin Ingraldi, president of Beef International, commented, “We are working to differentiate ourselves from other processors by providing our clients with custom offerings and the custom products business is growing at a healthy rate with multiple new product offerings this year. We are investing in our plant to ensure that we continue to produce the highest quality products, in an efficient and cost-effective manner.”

A sizeable investment was recently made to increase automation and efficiency, but long-term strategic plans for the company have necessitated additional capital and ownership is actively exploring options.

Matt LoCascio, a managing director at Equity Partners HG, said, “Beef International has been a market leader for over 35 years and has maintained a stellar reputation in the industry by providing excellent products and service to major food distributors and end users, including well-established restaurant chains and specialty foodservice providers. The company is well positioned for the future with a seasoned management team and solid workforce. We are excited to work with such a great group and applaud ownership’s decision to proactively pursue strategic options for the business. They are looking forward to another 35 years of continued service and success.”

Equity Partners HG, based outside Baltimore, MD, provides investment banking services and has completed in excess of 600 engagements throughout the United States since 1988.