CHICAGO — Shore Capital Partners, a private equity firm, announced a partnership with Moesle Meat Distribution Co., a wholesale meat distributor of protein products to grocery retail, foodservice and redistribution customers in the Midwest.
Based in Chicago, Moesle recently expanded into a new Class A distribution facility in southwest Chicago. The company also has a facility in Kansas City, Kan., doing business as Queen Foods.
“Our partnership with Shore Capital will allow us to accelerate our organic growth through new customer acquisition, product and category expansion and exploring opportunities to support our current and future customers with value-added processing capabilities,” said Joel Janecek, chief executive officer of Moesle. “We are confident that Shore’s playbook and resources will help us take Moesle to the next level, as we look to build on our existing business while also exploring add-on partnership opportunities with other distribution and processing companies in the Midwest.”
Moesle and Shore plan to invest in business development, sales and marketing, purchasing, technology systems and warehouse and distribution infrastructure to further enhance operations and explore new growth avenues. The company will also pursue inorganic growth opportunities through add-on acquisition partnerships to expand geographic coverage, category depth and channel and format capabilities.
“We could not be more excited to partner with the entire Moesle team and look forward to establishing a leading specialty distribution and processing platform in the Midwest and beyond,” said Richard Boos, partner at Shore and chairman of Moesle Meat Distribution. “Joel and his team have built an impressive organization focused on delivering excellent customer service and a commitment to continuous improvement and high quality.”
“Shore has been studying the specialty food distribution industry for several years, and we are confident we have found the ideal starting point to build a regional platform,” added Jeff Smart, principal at Shore. “We will work hard to collaborate with Joel and the entire Moesle team to build on their success while maintaining the unique culture that has enabled the business to reach this milestone.”