Intrepid Advises Snak King on its Investment from Falfurrias Management Partners

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Intrepid Investment Bankers, a leading middle-market investment bank and the advisory arm of global financial group, MUFG, announced today that it acted as the financial advisor to Snak King LLC on its investment from Falfurrias Management Partners, a private equity firm focused on growth-oriented, middle-market businesses.

Over the past four decades, Snak King has established itself as one of the largest producers of co-manufactured and private-label salty snacks in the United States. Since its founding in 1978, Snak King has expanded to over 780 employees across state-of-the-art facilities located in the greater Los Angeles and Chicago areas.

“Snak King’s dedicated team and our steadfast customer-first mentality have enabled us to transform over the past 46 years from a small-scale pork rind business to an operation that delivers a broad range of innovative snacking options to food brands, retailers, and customers around the country,” said Barry Levin, CEO of Snak King. “Falfurrias’ experience will be enormously beneficial as we partner to achieve Snak King’s next phase of growth.”

Tombstone Medium 1Snak King’s innovation capabilities, broad and differentiated snack portfolio, and trusted service to its national customer base made it critically important to select an advisor that understood how to position a rapidly growing business with industry-leading manufacturing and product development abilities. “Intrepid provided unwavering support and guidance through every stage of the process. Their expertise and close partnership with our team enabled a fantastic outcome for Snak King and Falfurrias,” said Levin.

“It was a pleasure to work alongside Barry and the Snak King team. They have created a lasting impact on the snacking industry over their 46-year history of developing innovative and delicious snacks. We were thrilled to serve as an advisor and strategic resource to the company,” said Brian Levin (no relation), Managing Director at Intrepid.

“It was an honor to guide such an impressive entrepreneur and long-time industry leader through this partnership,” said Jim Freedman, Managing Director and Chairman of Intrepid. “We congratulate Snak King and Falfurrias Management Partners on the investment and look forward to watching Snak King’s continued success.”

Deal Team Contacts

Jim Freedman, Managing Director and Chairman

Brian Levin, Managing Director, Co-Head of Food, Beverage & Agriculture

Mike Seccuro, Managing Director, Co-Head of Food, Beverage & Agriculture

Stuart Jones, Vice President, Food, Beverage & Agriculture

Ana Alvarenga, Associate, Food, Beverage & Agriculture

Alex Berger, Analyst, Food, Beverage & Agriculture


Media Contact

Mike Monroe, Head of Marketing

 

About Intrepid Investment Bankers

Intrepid provides M&A, capital raising, and strategic advisory  services to entrepreneurs and middle-market companies in various industry sectors. Our heritage breeds a culture that embraces teamwork, tenacity, and creativity to help our clients  win big. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through its active participation in  Oaklins, an exclusive global alliance of M&A advisory firms.

 

About Falfurrias Management Partners

Falfurrias Capital Partners is an operationally focused middle-market private equity fund focused on investing in high-growth companies in the food manufacturing, industrial technology, and business services sectors. The team is comprised of investors and proven operators, as well as in-house resources across strategy & market insights, finance & integration, human capital, and technology. The fund is managed by Falfurrias Management Partners, a Charlotte-based private equity firm founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America; Marc Oken, former CFO of Bank of America; and Managing Partner Ed McMahan. The firm has raised $2.2 billion across six funds and invests in growing, middle-market businesses in sectors where the firm’s operational resources, relationships, and sector expertise can be employed to complement portfolio company executive teams in support of growth objectives. For more information, visit www.falfurrias.com.

 

About Snak King

Founded in 1978, Snak King is one of the largest snack food manufacturers in the United States, known for its commitment to innovation, quality, and customer satisfaction. Headquartered in City of Industry, California, Snak King offers a diverse portfolio of snack products for a variety of private label and co-manufacturing customers as well as for in-house brands, including El Sabroso, The Whole Earth, Granny Goose, and Jensen’s Orchard. With state-of-the-art facilities and a longstanding focus on excellence, Snak King consistently delivers delicious and high-quality snacks that cater to a wide range of tastes and preferences. Whether it’s traditional favorites or new and exciting flavors, Snak King is dedicated to bringing joy to every snack occasion.

 

About Intrepid’s Food, Beverage & Agriculture Practice

Intrepid’s Food, Beverage & Agriculture team has decades of experience along the entire value chain, and spans the full range of transaction sizes, types, and drivers, from multi-billion-dollar, marquee strategic transactions to emerging growth capital raises. We maintain deep industry relationships with leading executives, private equity investors, and companies in the industry.