CHICAGO--(BUSINESS WIRE)--GE Antares Capital today announced it served as administrative agent for a senior secured credit facility to support the acquisition of Sadler's Bar-B-Que Sales by Brazos Private Equity Partners.
Headquartered in Henderson, TX, Sadler's is a leading producer, marketer, and distributor of high quality, ready-to-eat smoked meat products. Its product line includes over 120 SKUs ranging from its signature offering, smoked beef brisket, to smoked pork and chicken, shredded tub-packaged meats, and frozen entrees. The Company's products are all ready-to-eat and are distributed and sold to consumers through the grocery, mass merchandiser, and food service channels. Sadler's owns and operates a 200,000 square foot smoking and processing facility employing over 300 people with the capacity to produce more than 180,000 lbs of product per day.
"Given Sadler's solid foundation and reputation for offering a high quality product, it is well-positioned for future success and has vast opportunities for growth through retail expansion and product line extensions," said Dick Harris, Senior Vice President of GE Antares. He added, "We also look forward to continuing the working relationship that we have developed with Brazos."
Jeff Fronterhouse of Brazos said, "We appreciate GE Antares' responsiveness and support of the Company's plans for growth. The GE Antares team was knowledgeable and easy to work with throughout the process."
About Brazos Private Equity Partners, LLC
Brazos Private Equity Partners is a Dallas-based private investment firm that specializes in leveraged acquisitions and recapitalizations of middle-market companies that offer the potential for substantial capital appreciation. The Firm invests primarily in manufacturing, consumer products, healthcare, media, and service businesses located throughout the United States, with a particular geographic emphasis on Texas and the Southwest. Through limited partner and co-investment capital, Brazos Partners has approximately $400 million available for investment.
About GE Antares Capital
GE Antares Capital is a unit of GE Commercial Finance - Global Sponsor Finance. With over $8 billion in assets, and offices in Chicago, London, Los Angeles, New York, and San Francisco, GE Antares offers a one-stop source for GE's lending and other services offered to middle market private equity sponsors. For more information, visit the GE Antares website at www.geantares.com.
About GE Commercial Finance
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $250 billion and is headquartered in Norwalk, Connecticut. GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's website at www.ge.com.
Contacts
GE Commercial Finance, Norwalk
Ned Reynolds
203-229-5717
[email protected]
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340