Highview Capital, an L.A.-based private equity firm, has acquired Jobbers Meat Packing Co. d.b.a WilMar, a protein processor focused on ground beef services.
As part of the deal, WilMar will merge with Highview’s portfolio company, Randall Foods. The transaction will result in a large protein provider with a complete spectrum of products, operating cultures, and management teams. WilMar processes branded and private label ground beef for grocery retailers, food services providers, and wholesale distributors.
“The combination of WilMar and Randall is a clear strategic fit, establishing the combined company as a one-stop-shop for customers’ protein needs,” said Steve Russell, senior portfolio manager of Highview Capital. “The new entity will benefit from an enhanced product mix as well as increased operational capacity, which will allow the company to continue to expand and offer exceptional customer service. Both WilMar and Randall share a relentless focus on customer excellence, quality and safety. We look forward to working with the company to continue growing the business.”
Greif & Co., an independent, Los Angeles-based investment bank represented WilMar in this transaction.