CIC Partners Bolsters Food and Restaurant Expertise with Addition of Sam Khoury as Operating Partner in Residence

Dallas, TX – January 6, 2014 - CIC Partners, a leading middle market private equity firm, is pleased to announce that Food Industry Executive Sam Khoury has joined its team as an Operating Partner in Residence. The addition of Sam Khoury to the CIC team deepens CIC's strengths investing in the food and restaurant industries through added operational capabilities and relationships within the foodservice sector. Sam was previously Vice President, Pizza Hut National Purchasing Co-op, Inc. with Restaurant Supply Chain Solutions, a $5.8 Billion Yum! Brands, Inc. Co-op (formerly Unified Foodservice Purchasing Co-op, LLC).

With more than 20 years of experience leading foodservice and restaurant supply chain optimization and operations strategies, Sam joins CIC Partners as an Operating Partner in Residence for CIC Partner's food and restaurant investment strategy. Sam's partnership with CIC spans from sourcing investment opportunities, to post-acquisition value building, to business development and implementing growth strategies within CIC's food and restaurant portfolio.

"It is a great privilege to partner with CIC Partners. I look forward to contributing my experience to their model of providing strategic capital to leading companies in the food and restaurant industries." said Khoury. "Our goal is to invest in transformational companies, providing the strategic growth capital to augment the value and competitive market position of these companies in partnership with their leadership team."

Amir Yoffe, Partner with CIC Partners, said "We are excited to work with Sam as we identify companies to invest in within the "farm to fork" food value chain. His breath of skills, experience and relationships will be extremely valuable as we work with these companies to enhance their strategic relationship with and value proposition to their customer base".

Michael Rawlings, Partner and Vice Chairman with CIC Partners, former President / CEO of Pizza Hut, Inc., and Dallas' current Mayor said "I look forward to working with Sam again. He has incredible insight into what it takes to understand and meet the customers' needs, and the unique expertise to develop companies into collaborative, solutions driven organizations exceeding expectations on quality, innovation and cost".

Sam brings over 20 years of experience in business strategy, general management, foodservice operations, restaurant sourcing strategies, including margin improvement and commodity hedging. As Vice President, Pizza Hut National Purchasing Co-op, Inc., Sam successfully led major strategy and transformation efforts, including the redesign and implementation of the national sourcing strategy and operation. Sam previously held senior management and leadership positions with Unified Foodservice Purchasing Co-op, LLC, Pepsico, and Cott Beverages. Sam holds an MBA from Dalhousie University in Halifax, Canada, and a BBA from the University of New Brunswick in Fredericton, Canada.

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.

CIC has significant expertise within food manufacturing industry serving the retail, foodservice, and restaurant industries. Its investment platform focuses on the entire food supply chain and includes investments in agriculture, food manufacturing & processing, consumer packaged goods, distribution and restaurants. Among its food and restaurant portfolio, key investments (current and past) include:

  • Select Product Group, a leading specialty paper products manufacturer with a focus on supplying the restaurant and foodservice distribution industries;
  • L&L Foods, a high volume niche food packaging company that specializes in portion control packaging solutions for leading foodservice and CPG companies;
  • CTI Foods, a leading supplier of precooked, frozen, and fresh food products (proteins, soups and sauces and dehydrated beans, etc) to foodservice customers;
  • Combs Produce, an integrated value-added provider of fresh produce to retailers and foodservice distributors;
  • Taco Mac, a family friendly craft beer-centric restaurant chain that operates 28 units across metro Atlanta, Charlotte and Chattanooga; and
  • Granite City Food & Brewery, a restaurant and brewery concept with 35 locations in 16 states.
Through these investments, CIC has developed strong relationships with major foodservice restaurant customers and management teams. CIC's existing portfolio company experience in conjunction with its team of Operating Partners, allows it to focus on building a customer-centric business model to better analyze and serve customers' needs.

Based in Dallas, Texas, the firm has been generating wealth in private-equity investing for its investors and management teams for over 25 years. For additional information, please visit www.cicpartners.com


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