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Peapack Non-public Funding Banking
Bedminster, NJ, Feb. 10, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Peapack-Gladstone Monetary Company (NASDAQ World Choose Market: PGC) and its funding banking division, Peapack Non-public Funding Banking, is happy to announce its participation within the sale of its shopper, Randall Farms, (“Randall”), a preeminent processor of value-added protein merchandise, to Highview Capital. Randall companions with main grocery retailer chains on the west coast to supply all sorts of processed and value-added meats, together with quite a lot of contemporary ready meals and marinated, ready-to-cook choices. Randall has been household owned and operated since 1952 and prides itself on its superior customer support and high-quality contemporary product choices. This transaction will enable for continued development and geographic growth. Highview Capital LLC is a non-public fairness fund headquartered in Los Angeles, CA. The monetary phrases of the deal weren’t disclosed. Peapack Non-public Funding Banking acted because the unique monetary advisor to Randall Farms on this transaction.
Randall Farms proprietor, Stan Bloom, said, “Kevin Bodnar and the staff at Peapack Non-public Funding Banking supplied distinctive and considerate steerage and assist. Their data of the meals trade and sensitivity to the goals of our house owners and staff resonated with us.”
This deal represents one other profitable transaction within the meals and beverage area for Peapack Non-public Funding Banking. The group has additionally just lately suggested a distinguished household workplace in its stalking horse bid of a major meals retailer, in addition to managed an acquisition program for a nationally acknowledged meals model. The staff continues to see momentum within the meals sector and is anticipating to be in market with a number of well-known meals enterprises later this 12 months.
Kevin Bodnar, Head of Company Advisory at Peapack Non-public Funding Banking mentioned, “Our expertise helping family-owned, privately held companies and evaluating strategic alternate options, coupled with our intimate data of the meals and beverage enterprise, was an ideal components to help Randall’s house owners.”
Established in 2019, Peapack Non-public Funding Banking gives a full vary of company advisory options to center market corporations and their house owners, throughout all main trade sectors. The staff focuses on taking a relationship-first method in each interplay, whereas offering senior management with unbiased recommendation. This consists of merger and acquisition advisory assist, analysis, and help with accessing different capital markets, analysis of strategic alternate options to maximise shareholder worth, succession planning and customised structured finance, asset-based and/or enterprise worth financing options.
Peapack Non-public Funding Banking deal staff contacts embody Kevin Bodnar, Head of Company 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 number one supplier of poultry and meat options all through California, the Pacific Northwest, Arizona, and New Mexico. Randall was constructed with two rules in thoughts: make a top quality product and supply the perfect customer support doable. The Firm’s administration and staff are dedicated to those rules each day. For extra data, go to www.randallfoods.com
In regards to the Peapack-Gladstone Monetary Company
Peapack-Gladstone Monetary Company is a New Jersey financial institution holding firm with complete property of $5.9 billion and property below administration and/or administration of $8.8 billion as of December 31, 2020. Based in 1921, Peapack-Gladstone Financial institution is a industrial financial institution that gives revolutionary wealth administration, funding banking, industrial and retail options, together with residential lending and on-line platforms, to companies and shoppers. Peapack Non-public, the Financial institution’s wealth administration division, gives complete monetary, tax, fiduciary and funding recommendation and options, to people, households, privately held companies, household places of work and not-for-profit organizations, which assist them to ascertain, keep and develop their legacy. Collectively, Peapack-Gladstone Financial institution and Peapack Non-public supply an unparalleled dedication to shopper service. Go to www.pgbank.com and www.peapackprivate.com for extra data.
Denise M. Tempo-Sanders, Senior Vice President Model and Advertising and marketing Director, dpace@pgbank.com, 908.470.3322, Peapack-Gladstone Financial institution, 500 Hills Drive, Suite 300, Bedminster, NJ 07921.
