A private equity group in Jericho, N.Y., is looking to invest in the founder- or family-owned food industry companies with $5 million to $100 million in annual sales. Meadow Ridge Capital (MRC) principals Dan Grinberg and Paul Bevilacqua said their firm will consider full or partial buyouts, recapitalizations or growth situations in which current ownership also can benefit from experienced owner-executives. MRC is looking at food processors, importers, distributors and related service providers.
Grinberg is the former owner and CEO of FoodHandler Inc., a supplier of NSF-certified food contact gloves and related food safety products and services. Bevilacqua was FoodHandler's former chief financial officer and held the same post for BarrierSafe Solutions International.
Let's Make a Deal: Meadow Ridge eyes food market
March 16, 2009