Rosenthal & Rosenthal completed a combined deal for a specialty foods company that includes a $3.5 million recourse factoring facility and a $2 million purchase order line. Rosenthal also named Brian Gagel recourse factoring portfolio manager based in its Atlanta office.

Gagel will be responsible for client management within Rosenthal’s recourse factoring division. Prior to joining Rosenthal, he was managing director at eCapital Commercial Finance and previously held various roles with Bibby Financial Services and Renasant Business Credit.

On the deal side, based in the Southeast, the client is a provider of sous-vide produced meats that are professionally cooked, frozen and then distributed to restaurants for easy and quick preparation. With several large orders on the horizon with major food distributors, the client required an alternative financing solution that would support these new growth opportunities.

As part of the deal, the purchase order financing will issue purchase guarantees to one of the company’s domestic suppliers that will assist with the purchasing of pre-sold inventory against customer orders from large food distributors. With the purchase order financing and purchase guarantees in place, the company will be better positioned to take on larger orders.

“What appealed most to this particular client was Rosenthal’s extensive track record as well as our ability to offer both purchase order financing and accounts receivable funding side by side,” Leigh Lones, senior vice president and director of recourse factoring at Rosenthal, said.

“This transaction is a perfect example of how Rosenthal works hard to find the right mix of financing tools that help to move our clients’ businesses forward,” Megan Flaherty, senior vice president and underwriting manager for purchase order financing division at Rosenthal, said.