Shoreline Equity Partners LLC, a lower middle-market private equity firm, has partnered with Prime Meats LLC.
Headquartered in Duluth, Ga., Prime Meats is a protein processor and distributor offering beef, poultry, pork, dairy, seafood and specialty products to independent restaurants, grocery stores and butcher shops, with a focus on Hispanic and traditional markets across 15 states. Since being founded by Norberto Sanchez in 1992, Prime Meats has grown to over 250 employees serving more than 4,200 customers.
“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,” states Ian Garland, principal of Shoreline.
Senior financing for the transaction was provided by NXT Capital. Deloitte Corporate Finance served as financial advisor to Prime Meats in the transaction.