CIC Partners Announces Investment in L&L Foods
“I am very excited to have a partner in CIC that shares our core values, is committed to achieving our strategic goals and is dedicated to providing quality products and services to customers,” said John Pooley, Chief Executive Officer of the Company. “Our partnership with CIC offers us a unique opportunity to enhance our capabilities and services across the nation.”
L&L Foods is a high volume food packaging company that specializes in portion control packaging solutions. The company offers formulation and sourcing capabilities through direct relationships with suppliers and focuses on both component and assembly packaging. The management team at L&L Foods, led by John Pooley and Scott Lebda, has over 150 years of food industry experience at organizations like Mars, ConAgra Foods, Marzetti Foods, Golden State Foods, Unilever, Ventura Foods, and Kraft Foods.
The investment in L&L Foods is part of CIC’s ongoing initiative of investing alongside quality operators in the food industry. “L&L Foods is an excellent fit in our portfolio of companies as a leader in its market of specialized portion control products to a world-class customer base,” added Amir Yoffe, Principal at CIC Partners. “We look forward to working with a highly talented management team as we continue to strengthen and expand this business.”
Trinity Capital LLC acted as financial advisor to L&L Foods.
About CIC Partners
CIC Partners is a middle-market private equity firm that invests in growth-oriented companies primarily in the food, restaurant, healthcare and energy industries. CIC manages the personal capital of its investment team, Operating Partners and strategic investors and seeks to partner with owner-operators, founders and management teams. CIC looks for opportunities where it can leverage the collective experience of its investment team and its Operating Partners, who are successful CEO’s and entrepreneurs, to guide, support and add value to portfolio companies. Based in Dallas, Texas, the firm has been generating wealth in private-equity investing for its investors and management teams for over 25 years