Shoreline Equity Partners joins forces with Prime Meats to amplify market presence

In a significant move within the food distribution sector, Shoreline Equity Partners, LLC, known for its strategic investments in lower middle market companies, has announced a partnership with Prime Meats, LLC, a top provider of value-added protein products based in Duluth, Georgia. This collaboration marks a new chapter for Prime Meats, expanding its influence across the U.S. and enhancing its product offerings in the Hispanic and traditional market segments.

Strategic Growth and Continued Leadership

Prime Meats, established in 1992 by Norberto Sanchez, has demonstrated robust growth and now employs over 250 individuals, servicing more than 4,200 customers across 15 states. The company specializes in distributing a diverse range of protein products including beef, poultry, pork, dairy, and seafood, predominantly to independent restaurants, grocery stores, and butcher shops. With its strong focus on the Hispanic food service and retail markets, Prime Meats has positioned itself as a leader in its field.

Under the new partnership, Norberto Sanchez will continue to lead Prime Meats as Chairman, alongside CEO Daniel Arcila and the existing management team, who will retain a significant ownership stake. This ensures that the company’s foundational values and operational vision remain intact as they pursue further expansion through organic growth and strategic acquisitions.

Comments from the Leadership

Mike Hand, Managing Partner at Shoreline, expressed enthusiasm about the partnership, noting the alignment in values and vision between the two companies. “From our very first meeting, it was clear that Prime Meats shared our ethos of growth and commitment to quality, making this partnership a natural fit,” said Hand.

Ian Garland, Principal at Shoreline, highlighted the strategic growth plan for Prime Meats, which includes expanding its market presence through organic initiatives and add-on acquisitions, particularly in the Southeast U.S., where the company has already established a strong foothold.

Norberto Sanchez remarked on the partnership’s potential, “Teaming up with Shoreline represents a pivotal moment for Prime Meats. With their support and expertise, we are poised to enhance our service quality and extend our market reach, continuing to serve our community with the best possible products.”

Daniel Arcila also noted the benefits of Shoreline’s industry expertise, “Shoreline’s deep understanding of food distribution dynamics will undoubtedly propel our operational capabilities and help us achieve new heights in the U.S. market.”

Financing and Advisory Roles

The transaction was spearheaded by Shoreline’s team, including Mike Hand, Ian Garland, Senior Associate Mike Mancini, and Associate Michael Berry. Senior financing was provided by NXT Capital, with Deloitte Corporate Finance acting as the exclusive financial advisor to Prime Meats.

This partnership not only underscores Shoreline’s commitment to investing in companies with strong growth potential but also signals Prime Meats’ readiness to innovate and expand its impact in the food distribution industry.