Patriot Capital is pleased to announce a new subordinated debt and equity co-investment in Eddy Packing Company (“Eddy” or “the Company”). Patriot’s investment supported Insight Equity’s acquisition of Eddy, in partnership with incumbent management and industry veteran Jim Reed, who will serve as CEO of the Company.
Headquartered in Yoakum, Texas, Eddy is a value-added processor of smoked, cooked, and fresh pork, beef, and poultry products. The Company’s products are available in refrigerated and frozen formats, and are found under brands such as Eddy, Carl’s, Morales, and James’ Smoked Sausage, as well as a variety of private label brands. Eddy serves a balanced mix of foodservice, contract packing, and retail customers. Its products can be found in regional and national grocers, wholesale clubs, and restaurants across the United States.
For more information on this transaction or to discuss a potential add-on acquisition candidate, please contact Patrick Hamner, Jonathon Cope or Sean Bilbrough.