Shoreline Equity Partners, a private equity firm focused on the lower middle market, has announced a strategic partnership with Prime Meats, LLC, a leading protein processor and distributor. This collaboration marks a significant step for both firms, setting the stage for accelerated growth and expanded market reach for Prime Meats. Based in Duluth, Georgia, Prime Meats has established itself as a key player in the value-added protein sector, serving independent restaurants, grocery stores, and butcher shops across 15 states.
Prime Meats: A Leader in Hispanic and Traditional Protein Markets
Founded in 1992 by Norberto Sanchez, Prime Meats has grown from its humble beginnings to a company with over 250 employees and a customer base exceeding 4,200. The company’s success is rooted in its commitment to providing a diverse range of high-quality protein products, including beef, poultry, pork, dairy, seafood, and specialty items. Prime Meats has particularly excelled in serving the Hispanic foodservice and retail markets, building a strong reputation for understanding and meeting the unique needs of this growing demographic.
Prime Meats’ dedication to quality and customer service has positioned it as a preferred provider in its niche. The company’s robust growth trajectory is a testament to its operational excellence and market expertise. Looking ahead, Prime Meats is poised to further capitalize on organic growth opportunities and strategically pursue acquisitions to broaden its geographic footprint and product offerings. This partnership with Shoreline Equity Partners is expected to provide the resources and expertise necessary to accelerate these expansion plans.
Shoreline Equity Partners: Strategic Growth Through Partnership
Shoreline Equity Partners distinguishes itself in the private equity landscape with its purpose-driven approach and focus on building sustainable value in lower middle market companies. The firm’s investment in Prime Meats aligns perfectly with its strategy of partnering with strong management teams and supporting businesses with significant growth potential. Shoreline operates under a total stakeholder model, emphasizing mutually beneficial outcomes for shareholders, employees, customers, vendors, and the communities where its portfolio companies operate.
Mike Hand, Managing Partner at Shoreline Equity Partners, highlighted the strategic fit, stating, “Prime Meats’ impressive growth history and Shoreline’s experience in food distribution made this partnership a natural fit from our first meeting. We are excited to support Norberto and Daniel and their team in their next phase of growth.”
Ian Garland, Principal at Shoreline Equity Partners, further emphasized the growth plan, “Prime Meats has an exceptional reputation within the Hispanic community for delivering quality protein products. We are eager to work alongside the Prime Meats team to implement a comprehensive growth strategy, incorporating both organic initiatives and strategic acquisitions.”
A Vision for the Future: Prime Meats and Shoreline Equity Partners
The leadership team at Prime Meats, including Founder and Chairman Norberto Sanchez and CEO Daniel Arcila, will continue to lead the company and maintain a significant ownership stake in partnership with Shoreline Equity Partners. This continuity in leadership ensures that Prime Meats’ core values and customer-centric approach remain at the forefront as the company embarks on its next chapter of growth.
Norberto Sanchez expressed his enthusiasm about the partnership: “Partnering with Shoreline Equity Partners is an exciting milestone for Prime Meats. For over three decades, we have prioritized quality and service, and we are confident that Shoreline shares these values. This partnership will enable us to reach new heights and continue to provide best-in-class products to our customers.”
Daniel Arcila echoed this sentiment, emphasizing Shoreline’s industry expertise: “Shoreline’s deep understanding of food distribution is invaluable as we look to expand our operations and market presence across the U.S. We are aligned with Shoreline’s vision for Prime Meats and are excited to collaborate with their team.”
This partnership between Shoreline Equity Partners and Prime Meats signifies a powerful combination of industry expertise and market leadership, poised to drive significant growth and innovation in the value-added protein distribution sector. The transaction was supported by senior financing from NXT Capital, and Deloitte Corporate Finance acted as the exclusive financial advisor to Prime Meats.
For more information about Prime Meats, please visit www.primemeats.com. To learn more about Shoreline Equity Partners and their investment strategy, please visit www.shorelineequitypartners.com.
Shoreline Equity Partners and Prime Meats Announce New Partnership – via PRNewswire
