Peak Rock Capital has acquired Louisiana Fish Fry Products, a manufacturer and supplier of branded, Louisiana-inspired food products.
Louisiana Fish Fry’s products include spices and seasonings; seafood boils; breadings and batters; sauces and marinades; and rice mixes. The company’s products are sold to grocery and mass market retailers as well as foodservice customers. Louisiana Fish Fry was founded by the Pizzolato family in 1982 and is headquartered in Baton Rouge, LA (www.louisianafishfry.com).
“Our investment in the Louisiana Fish Fry platform highlights Peak Rock’s continued commitment to investing in food businesses that are leaders in their categories and are well-positioned for further revenue growth,” said Robert Strauss, Managing Director of Peak Rock Capital. “We look forward to working with the company’s management team to enhance the business and build on the great legacy that the Pizzolato family has created over the past three-plus decades.”
Peak Rock makes debt and equity investments of $30 million to $300 million in middle market companies with revenues from $50 million to $1 billion and enterprise values from $50 million to $750 million. Sectors of interest include business and tech-enabled services, consumer, distribution and logistics, energy and related services, food and beverage, healthcare, industrials and manufacturing, metals, and technology. The firm is based in Austin (www.peakrockcapital.com).
The buy of Louisiana Fish Fry represents Peak Rock’s eighth investment in the food and beverage industry. The firm’s current investments in the food space include: TNT Crust, a manufacturer of pizza crusts; Sweet Harvest Foods, a producer and distributor of honey; Berner Food & Beverage, a manufacturer of dairy-based shelf-stable snacks and beverages; Diamond Crystal Brands, a manufacturer and distributor of portion control and single-serve food and beverage products; and Gold Coast Bakeries, a manufacturer of specialty and organic breads, buns, and rolls.
“This transaction reinforces Peak Rock’s deep experience investing in founder and family-owned businesses and highlights our continued interest in attractive investments in the food and beverage industry,” said Anthony DiSimone, Chief Executive Officer of Peak Rock Capital. “We continue to seek additional food and consumer platforms to invest in as well as complementary add-on acquisitions for Louisiana Fish Fry of other branded specialty food companies.”
Tony’s Seafood, a seafood market and deli in Baton Rouge, and a sister company to Louisiana Fish Fry, was not part of this transaction and will continue to be owned by the Pizzolato family.
© 2018 Private Equity Professional | October 9, 2018
