AUSTIN,
Texas, April 30, 2024 /PRNewswire/ -- Madison
Street Capital (MSC), an international investment banking firm,
acted as the exclusive advisor in the sale of Readfield Meats,
Inc., DBA Ruffino Meats & Food Service ("Readfield") to
Dominion Equity LLC ("Dominion"). Founded in 1960 by
John Ruffino and headquartered in
Bryan, Texas, Readfield began as a
family-owned and operated processor and butcher and grew into a
full-service butcher shop. The second generation took over in 1970
and by 1983 expanded operations providing wholesale service to over
700 commercial customers. Readfield operates out of a 42,000 square
foot facility. Chicago-based
Dominion Equity LLC works with established, leading food and
beverage companies to enable its owners to transition to their next
life stage while providing sustainability for their business. The
transaction was announced by Charles Botchway, CEO of Madison
Street Capital and led by Sr. Managing Director Barry Petersen. Terms of the transaction were
not disclosed.
"Since 1960, Readfield has been providing top-quality product
and remarkable customer service. The acquisition by Dominion will
undoubtedly continue the tradition and preserve the Ruffino family
legacy, as well as continue to scale and grow the brand," said
Charles Botchway, CEO of Madison
Street Capital. "All of us at Madison Street Capital wish the
Ruffino family the best."
"Upon recognizing the opportunity to transition Readfield Meats
into a new phase of growth and evolution, the team at Madison
Street Capital has been nothing short of resourceful and
responsive," remarked Richard
Ruffino, President, Readfield Meats. "Madison Street Capital
did a thorough job of explaining its vision of how it could propel
our company forward, and as a result, we were able to enter into
this transaction with full confidence in its potential to usher in
new opportunities for expansion."
"It has been a pleasure working with Richard, Rolland, and Larry
from start to finish. This transaction signifies the fruition of
decades of hard work and dedication by the family, who have
diligently developed the business over 54 years to attain its
esteemed position in the Texas Triangle. We look forward to seeing
the business continue to thrive under Dominion in the years ahead,"
commented Barry Petersen, Sr.
Managing Partner, Madison Street Capital.
About Madison Street Capital
Madison Street Capital is
an international investment banking firm committed to integrity,
excellence, leadership and service in delivering corporate
financial advisory services, merger and acquisition expertise,
financial opinions, and valuation services to publicly and
privately held businesses. These services position our clients to
succeed in the global marketplace. In undertaking each new project,
the client's goals and objectives become ours, ranging from
financial advisory and successful capital raises to M&A
transactions to transfers of ownership. Madison Street Capital
views emerging markets as the core component driving the global
growth of our clients and will continue to focus significant assets
on these markets. Our firm has earned the trust of clients around
the world through our unwavering dedication to the highest levels
of professional standards. For more information, please visit
www.madisonstreetcapital.com
About Readfield Meats, Inc.
Readfield Meats is a
second-generation family-owned company and Bryan, Texas-based business, proudly serving
the Texas Triangle since 1960. The company has built a strong brand
identity as a reflection of the company's commitment to providing
high-quality products and services. The USDA federally inspected
processing plant is backed by a quality assurance team/processes
developed with 45 years of experience. To learn more, visit
www.ruffinomeats.com
About Dominion Equity LLC
Dominion Equity LLC
is an investment firm dedicated to creating the future of food by
partnering with entrepreneurs and innovators. We are a group of CPG
executives seeking to invest in innovative companies that are
disrupting the food industry. For additional information,
visit www.dominion-equity.com
For Media Inquiries
Debora
Lima, Head of PR, pr@madisonstreetcapital.com
For Investment Banking Inquiries
Kevin Owen, Director of Deal Origination, (941)
250-3610
kjowen@madisonstreetcapital.com
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SOURCE Madison Street Capital