Peapack Private Investment Banking Advises on the Sale of Randall Farms
10 Febrero 2021 - 11:38AM
via NewMediaWire -- Peapack-Gladstone Financial Corporation
(NASDAQ Global Select Market: PGC) and its investment banking
division, Peapack Private Investment Banking, is pleased to
announce its participation in the sale of its client, Randall
Farms, (“Randall”), a preeminent processor of value-added protein
products, to Highview Capital. Randall partners with leading
grocery store chains on the west coast to provide all types of
processed and value-added meats, including a variety of fresh
prepared meals and marinated, ready-to-cook offerings. Randall has
been family owned and operated since 1952 and prides itself on its
superior customer service and high-quality fresh product offerings.
This transaction will allow for continued growth and geographic
expansion. Highview Capital LLC is a private equity fund
headquartered in Los Angeles, CA. The financial terms of the deal
were not disclosed. Peapack Private Investment Banking acted as the
exclusive financial advisor to Randall Farms in this
transaction.
Randall Farms owner, Stan Bloom, stated, “Kevin
Bodnar and the team at Peapack Private Investment Banking provided
exceptional and thoughtful guidance and support. Their
knowledge of the food industry and sensitivity to the objectives of
our owners and employees resonated with us.”
This deal represents another successful
transaction in the food and beverage space for Peapack Private
Investment Banking. The group has also recently advised a
prominent family office in its stalking horse bid of a significant
food retailer, as well as managed an acquisition program for a
nationally recognized food brand. The team continues to see
momentum in the food sector and is expecting to be in market with
several well-known food enterprises later this year.
Kevin Bodnar, Head of Corporate Advisory at
Peapack Private Investment Banking said, “Our experience assisting
family-owned, privately held businesses and evaluating strategic
alternatives, coupled with our intimate knowledge of the food and
beverage business, was a perfect formula to assist Randall’s
owners.”
Established in 2019, Peapack Private Investment
Banking offers a full range of corporate advisory solutions to
middle market companies and their owners, across all major industry
sectors. The team specializes in taking a relationship-first
approach in every interaction, while providing senior leadership
with independent advice. This includes merger and acquisition
advisory support, evaluation, and assistance with accessing
alternative capital markets, evaluation of strategic alternatives
to maximize shareholder value, succession planning and customized
structured finance, asset-based and/or enterprise value financing
solutions.
Peapack Private Investment Banking deal team
contacts include Kevin Bodnar, Head of Corporate Advisory, (908)
443-5385, Sikander Agha, Vice President, (908) 947-5421 and Matthew
Luczyk, Vice President, (908), 393-7380.
About Randall Farms
Randall Farms is a leading provider of poultry and
meat solutions throughout California, the Pacific Northwest,
Arizona, and New Mexico. Randall was built with two principles in
mind: make a quality product and provide the best customer service
possible. The Company’s management and employees are committed to
these principles daily. For more information,
visit www.randallfoods.com
About the Peapack-Gladstone Financial
Corporation
Peapack-Gladstone Financial Corporation is a New
Jersey bank holding company with total assets of $5.9 billion and
assets under management and/or administration of $8.8 billion as of
December 31, 2020. Founded in 1921, Peapack-Gladstone Bank is
a commercial bank that provides innovative wealth management,
investment banking, commercial and retail solutions, including
residential lending and online platforms, to businesses and
consumers. Peapack Private, the Bank’s wealth management
division, offers comprehensive financial, tax, fiduciary and
investment advice and solutions, to individuals, families,
privately held businesses, family offices and not-for-profit
organizations, which help them to establish, maintain and expand
their legacy. Together, Peapack-Gladstone Bank and Peapack
Private offer an unparalleled commitment to client service.
Visit www.pgbank.com and www.peapackprivate.com for
more information.
Contact: Denise M. Pace-Sanders, Senior Vice
President Brand and Marketing Director, dpace@pgbank.com,
908.470.3322, Peapack-Gladstone Bank, 500 Hills Drive, Suite 300,
Bedminster, NJ 07921.
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