HOUSTON, TEXAS (October 13, 2021) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce the sale of select assets of Martin Preferred Foods, LP (“Martin Preferred Foods” and/or the “Company”) to The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (“Chefs’ Warehouse”). Statesman served as the exclusive sell-side financial advisor to Martin Preferred Foods on the transaction.
“It was a pleasure to work with Jeff Tapick and his team on this deal. They have been great partners throughout this process,” said Christopher Pappas, Chairman and CEO of The Chefs’ Warehouse, Inc. “This acquisition offers The Chefs’ Warehouse the opportunity to continue to build upon our success in the Texas market. We are thrilled to be in a position to bring the Allen Brothers brand to our local customers in Texas.”
“We are very excited to have partnered with Chris Pappas and The Chefs’ Warehouse team on this deal,” said Jeff Tapick, CEO of Martin Preferred Foods. “The disposition of these assets allows Martin Preferred Foods to shift our focus to manufacturing value-added proteins for foodservice and retail customers across the nation.”
“Statesman was instrumental in helping us identify our options and negotiate a transaction that benefited all involved parties,” said Jeff Tapick, CEO of Martin Preferred Foods.
About the other transaction participants
Statesman Corporate Finance, LLC (Houston & Austin, TX) is the FINRA-licensed broker dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation, and other general corporate financial advisory services to middle-market companies. The Statesman team advising on this engagement was led by Will Jaco, Principal, and included Gary Canon, Director, Jessica Seff, Vice President, and Philip Rodriguez, Associate.