Pike Street Capital, LLC, a Seattle-based private equity firm, has made an investment in Fair Market, Inc., a family-run wholesale specialty food distributor. The investment is aimed at accelerating Fair Market’s growth trajectory through expanding both markets and product line.
Fair Market has established itself as a partner in the retail and foodservice distribution sectors. The firm also operates Supreme Cuisine, a producer of premium, ready-to-cook braised meats, sauces and custom private label products, and Kansas City Protein, a processor and packer of high quality meats.
Additionally, Pike Street has brought on Rich Friedlen, an industry executive with experience in food distribution, as CEO.
“We have known Rich (Friedlen) and the Pike Street partners for a number of years,” said Marvin Eisenbath, founder of FMI. “As a family-operated business, it was important that we find an investment partner who is aligned with our approach to growing the business. I’m looking forward to seeing the benefits the partnership will bring to our customers, suppliers, and employees.”