Lake Pacific Partners (“Lake Pacific”) is pleased to announce the recapitalization of Savannah Food Company (“Savannah Classics” or “Savannah”).
Headquartered in Savannah, Tennessee and founded in 1970, Savannah is a leading provider of branded, private label and contract manufactured frozen Southern food staples to the retail and food service channels. The Company is known for producing best-selling hushpuppies and side dishes. Savannah operates in a state-of-the-art production facility with custom-built, proprietary manufacturing equipment.
Lake Pacific Partners is a private equity investment firm that specializes in the Food & Beverage and Consumer Products industries. Lake Pacific’s team comprises of industry and private equity professionals who have extensive operating experience – having served as chairmen, CEOs, presidents, and board members of dozens of related companies.
John Bryan, President of Savannah since 2004, indicated, “I’m excited to partner with Lake Pacific to drive the future growth of Savannah together. Lake Pacific has extensive relevant experience and a proud track record in our industry.” Added Wayne Carpenter, Managing Partner at Lake Pacific, “Savannah shares many characteristics with companies we’ve successfully partnered with over the last twenty-plus years, including great products, strong customer relationships, industry leading manufacturing capabilities, and an experienced, talented team.” Bill Voss, Managing Partner at Lake Pacific, summed it up with, “We admire what John and his team have done with Savannah and are excited by the prospects of what we can now accomplish together.” John will remain in his current capacity, along with his management team.
Advisors to the recapitalization included: Nixon Peabody; Grant Thornton; Lincoln International; Bass, Berry & Sims; PineBridge Investments; and HUB International.
Lake Pacific Partners
Lake Pacific Partners – Food & Consumer Products Equity Firm