FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Business Capital Secures $14MM for Imperial Frozen Foods

July 19, 2017, 07:00 AM

Business Capital has structured and secured a $14 million capital facility for Imperial Frozen Foods, a leading supplier of Grade A conventional and organic frozen fruits for the retail segment.

“We are thrilled to play a role in assuring the strategic growth of Imperial Frozen Foods. Our team and process moved efficiently to successfully close this financing transaction and position the Company for continued growth as a leader in the frozen food products sector,” said Chuck Doyle, Managing Director of Business Capital.

As part of their strategy for growth, the Company will acquire a complementary frozen vegetable company providing immediate vertical product integration, market expansion, and operational synergies with packing and distribution. Business Capital was brought in by Imperial's Private Equity Sponsor, Kenex Holdings, to assist with delivering a working capital facility that provided the cash flow needed to manage the acquisition and resulting complexity of operations.

BizCap worked quickly to deliver financing, providing a seamless transition without operational disruption. Imperial Frozen Foods is now well positioned to move forward with their plans for optimized growth and market expansion

"From beginning to end, dealing with Business Capital was a great experience,” according to Nick Kuneman, a Partner at Kenex Holdings. “Their knowledge of the marketplace combined with a process run like a well-oiled machine, resulted in a wide range of options customized to fit our company goals."

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.