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IMB Partners Invests in Richmond Wholesale Meat Company

Jan 19, 2021•over 4 years ago
Bethesda

Description

IMB Partners, a leading private investment firm, has announced their growth equity investment in Richmond Wholesale Meat Company. Founded in Richmond, California in 1959 by the Doellstedt family, Richmond is a leading food manufacturer and global exporter to the US military. Richmond is led by the second generation of the founding Doellstedt family with 55 employees, and is supported by a deep, experienced management team that has had longevity at the company.

Company Information

Company

Prudential Private Capital:

Location

Bethesda, Maryland, United States

About

Founded in 1925, Prudential is a private investment firm that provides debt and equity capital to middle market businesses in a variety of sectors including distribution and logistics, manufacturing and industrials, businesses services, consumer products and services and financial services.  Prudential seeks to invest between $10 million and $150+ million in companies with $8-50+ million in EBITDA.  Prudential has 14 global offices and over $97 billion of private credit and equity AUM in more than 1,000 companies worldwide (primarily North America, Western Europe, and Australia).  Prudential operates as a subsidiary of PGIM, Inc., the global investment management business of Prudential Financial, Inc., with over $1.3 trillion AUM. Prudential is headquartered in Chicago, IL.