Arbor Investments Rings Bell for Fifth Time in 2010 - Completes Sale of Allied Specialty Foods, Inc.
For Immediate Release
Chicago, Illinois-based Arbor Investments announced that it has sold its portfolio company Allied Specialty Foods, Inc. to industry veteran Steven Zoll. Allied Specialty Foods, Inc., headquartered in Vineland, New Jersey, is a national manufacturer of custom raw and fully-cooked beef and poultry items, including “Philly Steak”. Arbor originally acquired Allied Specialty Foods in July of 2005. DLA Piper served as legal counsel for the transaction.
The tranasaction represents Arbor’s fifth exit in 2010. In addition to Allied, successfully completed exits this year included the sale of Meridian Distribution to Snyder’s of Hanover, Stone Gate Foods to Second Bite Foods, Great Kitchens, Inc. to ARYZTA AG and National Deli to Rivers Associates.
The Allied sale was the fifth exit from Arbor’s debut fund.
About Arbor Investments Chicago, Illinois-based Arbor Investments, LLC is one of the only private equity firms in North America that invests exclusively in the food, beverage and related industries. Arbor has $294 million of capital under management across two private equity funds. The firm specializes in acquiring middle market food and beverage companies that provide products and/or services to traditional food & beverage channels. Arbor primarily makes control investments in established food, beverage and related companies. The firm distinguishes itself with intensive portfolio oversight, its singular food & beverage focus and a team of professionals with over 300 years of combined experience in financing and operating food & beverage businesses. Since its founding in 1999 by principals Gregory Purcell and Joseph Campolo, Arbor has acquired or invested in 24 businesses generating aggregate revenues of over $1.1 billion.
For more information, please contact Arbor’s Kimberly Harrod at 312-981-3777 or visit Arbor at www.arborpic.com.