Shoreline Equity Partners, a lower-middle market private equity firm, has partnered with Prime Meats. Based in Duluth, Georgia, Prime Meats is a leading value-added protein processor and distributor offering beef, poultry, pork, dairy, seafood, and specialty products to independent restaurants, grocery stores, and butcher shops. The company focuses on Hispanic and traditional markets across 15 states.
Since Norberto Sanchez founded the company in 1992, Prime Meats has grown to 250+ employees, serving 4,200+ customers, and has become a go-to provider of high-quality protein and related products to the Hispanic food service and retail markets. Prime Meats is growing through various organic initiatives and will seek strategic acquisition opportunities nationwide. Norberto Sanchez and the Prime Meats management team will continue to lead the company and maintain a meaningful ownership position moving forward in partnership with Shoreline.
Mike Hand, Managing Partner; Ian Garland, Principal; Mike Mancini, Senior Associate; and Michael Berry, Associate, led the deal for Shoreline. NXT Capital provided senior financing for the transaction. Deloitte Corporate Finance served as Prime Meats’ exclusive financial advisor in the transaction.
KEY QUOTES:
“Norberto, Daniel, and the rest of the Prime Meats team have built a phenomenal business, and we are so grateful they selected Shoreline as their partner. We knew from our first conversation with the team that Prime Meats would be a great fit for Shoreline given the Company’s impressive track record of growth and our experience in food distribution.”
- Mike Hand, Managing Partner at Shoreline
“Prime Meats has built an exceptional reputation for providing quality protein to the Hispanic community across the Southeast U.S. We are excited to partner with the Prime Meats team to execute on a multi-faceted growth plan which includes both organic initiatives and add-on acquisitions.”
- Ian Garland, Principal at Shoreline
“We are incredibly excited to partner with Shoreline. For over 30 years, Prime Meats has been providing the highest quality service and product to our customers, and we are committed to providing the same high-touch service and best-in-class product offering. The future is very bright for Prime Meats in our new partnership with Shoreline.”
- Norberto Sanchez, Founder and Chairman at Prime Meats
“Shoreline’s knowledge and experience in food distribution is second to none and will allow us to meaningfully expand our operations and footprint across the U.S. Shoreline shares our vision for the exciting future of Prime Meats, and we are very grateful for the opportunity to partner with their team.”
- Daniel Arcila, CEO at Prime Meats
