IMB Partners has completed a $130 million dividend recapitalization of its three portfolio companies, collectively known as Pro Food Solutions, enhancing their market position and liquidity while addressing growing military supply needs.

Target Company Overview

IMB Partners has successfully completed a $130 million dividend recapitalization of three companies in its portfolio—Alder Foods, Elite Brands, and Richmond Wholesale—collectively referred to as Pro Food Solutions. These companies are recognized leaders in the food supply sector, particularly noted for their commitment to providing high-quality food products to military personnel and their families worldwide. Over the years, these companies have established a strong market reputation and a reliable distribution network, positioning them as essential suppliers in their niche.

Pro Food Solutions operates within a robust market that is increasingly recognizing the importance of food supply chain reliability for military operations. The focus on quality and sustainability in sourcing and supplying food products has become paramount, allowing these companies to thrive amid growing industry standards and regulations.

Industry Overview in the United States

The food supply industry in the United States plays a vital role, accounting for a significant portion of the national economy. With a vast range of players from producers to dis