Pritzker Private Capital, a family direct investment firm, has acquired a significant stake in Monogram Foods, a founder-led company focused on business-to-business food manufacturing. HF Capital, another family investment firm, invested along with PPC. Current owners, including co-founders Karl Schledwitz and Wes Jackson, and other members of management remain significant owners and will continue to lead the business.

Headquartered in Memphis and founded in 2004, Monogram Foods manufactures food products including bacon, corn dogs, appetizers and sandwiches, and operates bakeries. The company has 10 manufacturing locations across six states and over 3,000 employees.

“Monogram Foods is an established leader in the prepared food industry with best-in-class manufacturing capabilities and a longstanding commitment to food safety, sustainability and social impact,” said Chris Trick, investment partner at PPC.

Tony Pritzker, chairman and CEO at PPC, added, “At Pritzker Private Capital, we look to partner with growth-focused management teams who share our long-term philosophy of building great businesses.”

PPC recently closed its third fund at $2.7 billion. The Pritzker family is one of the wealthiest families in the U.S. and made much of its money through founding the Hyatt Hotels Corp. (NYSE: H).