"It was important to MPI's ownership and leadership to identify and merge with a company in the distribution category with like-minded goals and culture. We appreciate PPC's expertise and counsel in helping us secure the best partner for our business.”
Brian Regan
Founder & Former Partner
Midwest Perishables, Inc.
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Promontory Point Capital is excited to announce another one of our firm's recent client successes.
Midwest Perishables, Inc. (“MPI”) is a regional wholesale food distribution, logistics, and warehousing business primarily serving grocery stores and other specialty retailers throughout its markets of focus. Based in Madison, Wisconsin, MPI has established relationships with industry-leading poultry, pork, and beef producers, in addition to a diverse set of specialty food vendors seeking distribution for its products. Since being established as a specialty wholesale food distributor in the early 1980’s, the Company’s business offering has expanded over the years with the addition of freight and logistics services, warehousing capabilities, and cold & frozen food storage services. With its full range of capabilities, MPI serves a critical role with an expanding list of vendor partners and its growing customer base.
As the ownership of MPI began to contemplate succession planning goals, the Company’s accounting firm recommended that the owners have a confidential conversation with Promontory Point Capital. PPC was subsequently engaged to explore shareholder liquidity and strategic alternatives for the business. Once engaged, PPC researched a targeted set of potential acquirers and subsequently marketed the MPI business to this audience. After soliciting preliminary offers from multiple interested parties, PPC helped MPI negotiate a Letter of Intent with Weinstein Wholesale Meats, a leading regional food distribution business based in Chicago. PPC managed the entire due diligence process and assisted in closing the transaction between MPI and WWM during the first quarter of 2022 representing another successful Done Deal for our firm.
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Promontory Point Capital is a Milwaukee-based investment banking firm focused on the needs of Midwestern privately-held businesses. Since being formed in 2004, our firm has led over 160 client engagements including the evaluation of business sale and recapitalization options, the arrangement of debt and equity financing, and the planning and execution of growth strategies involving acquisitions, mergers, and joint ventures. Many inquiries to Promontory Point Capital include business objectives encompassing:
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Ownership Planning, including Transition & Liquidity Goals: We are frequently introduced to owners or senior management teams when owners are interested in learning about their options involving a potential sale of all or a portion of their business. We have arranged transactions involving strategic partners, private equity firms, ESOPs, management buyouts, and other types of shareholder “recaps” including both minority and majority recapitalizations.
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Financing, Refinancing, & Debt Restructuring: A company may have either short-term or long-term funding needs that are beyond the comfort zone of its existing senior bank lender. PPC arranges capital for companies including senior bank debt, non-bank debt, subordinated debt, sale-leaseback, and other forms of institutional funding to fund growth, acquisitions, shareholder redemptions, management buyouts, and other corporate purposes.
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Strategic Growth/M&A: A company may have an interest in growing and expanding by acquisition or strategic joint venture and wish to have an initial conversation regarding their strategic growth objectives.
We welcome your confidential inquiry and encourage you to visit our firm's new website at
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PROMONTORY POINT CAPITAL
MILWAUKEE – (414) 225-0484
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Edward Eisenhauer
Analyst
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PROMONTORY POINT PARTNERS
CHICAGO – (312) 925-9972
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Tim Wright
Senior Manager
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Investment Bankers That Get Results
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