HIDDEN HARBOR CAPITAL INVESTS IN QUAKER VALLEY FOODS
Boca Raton, Florida, January 7, 2025 – Hidden Harbor Capital Partners (“Hidden Harbor”), an operationally focused private equity firm specializing in control investments in lower middle market companies, is pleased to announce a strategic investment in Quaker Valley Foods, Inc. and affiliates (“Quaker Valley” or the “Company”). Quaker Valley, established in 1975 and headquartered in Philadelphia, is a leading protein distributor serving independent and ethnic retail, wholesale, and foodservice customers across the Northeast and Mid-Atlantic regions. CEO Wayne Hudis, President Pat Veasey and all other team members will continue in their current positions.
Wayne Hudis, CEO of Quaker Valley, said, “We are thrilled to partner with Hidden Harbor, whose resources and expertise will enable us to further scale our operations and continue to serve the needs of our customers. This partnership marks an exciting new chapter for Quaker Valley and our employees as we look to expand our market presence.”
Pat Veasey, President of Quaker Valley, added, “With Hidden Harbor’s support, we are confident in our ability to execute on our long-term strategy and continue driving innovation in the protein sector. It was critical for us to find the right partner that would not only provide support for further growth, but also provide a strong home for our employees.”
“Quaker Valley has established itself as a critical partner in the protein supply chain, combining scale, efficiency, and an unwavering focus on customer service. We look forward to working alongside the management team to build on their impressive track record and drive the next phase of growth,” said Chris Paldino, Partner at Hidden Harbor.
Russell Kreutter, Partner at Hidden Harbor, commented, “We are extremely enthusiastic about the long-term trends in ethnic food distribution, and we believe the Company is well positioned to execute its growth strategy. This investment demonstrates our firm’s expanding focus on the food distribution sector.”
Matt Goracy, Vice President at Hidden Harbor, added, “Quaker is well-positioned to capitalize on attractive tailwinds, and we are excited to provide support through our operations and financial resources to unlock additional value through organic growth and acquisitions.”
NXT Capital and Maranon Capital provided debt financing for the transaction. Configure Partners served as financing advisor, Truist Securities served as buyside financial advisor, and Akerman LLP served as legal advisor to Hidden Harbor. Lincoln International served as financial advisor and Reed Smith LLP served as legal advisor to Quaker Valley.
About Quaker Valley Foods
Quaker Valley Foods, established in 1975 and headquartered in Philadelphia, PA, is a protein distribution company offering over 3,000 fresh and frozen perishable and non-perishable items including beef, pork, chicken, turkey, seafood, deli products, foodservice items, lamb, goat, mutton, veal, and ethnic items. For 50 years, Quaker Valley has built a strong reputation with customers and a wide network of suppliers, serving thousands of customers from Connecticut to Virginia providing next day delivery — Monday through Saturday — to independent and ethnic retailers, wholesalers, and foodservice customers. To learn more, visit https://quakervalleyfoods.com/.
About Hidden Harbor Capital Partners
Hidden Harbor Capital Partners is a private equity firm which helps create business success stories by building teams focused on execution. We believe that great companies are built on a strong group of people as their foundation, and that businesses succeed when they are intensely focused on executing a small set of well-defined objectives. Hidden Harbor currently has assets under management of over $1.9 billion and is investing out of its third fund, an $800 million vehicle. To learn more, visit www.hh-cp.com and our page on LinkedIn. For business development opportunities, please contact CoreBD@hh-cp.com.
Media Contact
Julia Bennett: (904) 534-4468 / jbennett@hh-cp.com