Trending...
- SeedList Launching Institutional Crypto Crowdfunding Project to Empower Retail Investors and Disrupt the VC-Dominated Crypto Fundraising Landscape
- Blake Harris the Leading Authority in International Asset Protection Joins Tom Hegna on "Financial Freedom with Tom Hegna"
- $53 Million Company Valuation Investment with Majority Acquisition Option, Plus New Stock CUSIP Supporting Brand Transition of Fan Engagement Company
Founded in 1946, Felbro continues growth in foodservice, retail, and industrial channels
LOS ANGELES - eTravelWire -- Felbro Food Products, a leading food and beverage manufacturer founded in 1946, has been recapitalized by Felbro Culinary Specialties LLC, a company formed by management, new investors, and members of the founding Feldmar family. Over its nearly 80-year history, Felbro has served customers in the foodservice, retail, and industrial food markets across the United States and internationally. The partnership with new investors with extensive food manufacturing experience positions the company to build on its history of growth.
With two production facilities in Los Angeles and Compton, CA, Felbro develops, blends, packages, and distributes liquid and dry blended foods, including beverages, desserts, syrups, sauces, and soups. Customers include regional and national quick service restaurants, coffee and donut chains, national retailers, grocery chains, foodservice ingredient suppliers, and foodservice distributors.
The new investment group, led by Clover Capital Partners LLC and Evanston Partners LLC, has provided significant liquidity for the founding family and will invest financial and strategic resources into Felbro to further expand its capacity and product capabilities. Felbro will also pursue add-on acquisitions of complementary companies.
More on eTravel Wire
As part of the transaction, Janet Caldwell joined the company as its new President. Ms. Caldwell was previously with the Gill Corporation where she served as CFO and COO. She has extensive experience in the food manufacturing industry, serving in executive leadership positions at a variety of companies including 11 years as CFO and COO of Kronos Foods.
Daniel Feldmar, whose grandfather and great-uncle founded Felbro, will be continuing in a senior leadership role as Chief Commercialization Officer. He stated, "The recapitalization led by Clover and Evanston will help Felbro accelerate growth while upholding the legacy of our family business. The Felbro team is excited for this new chapter in our long history."
Debt financing for the transaction was provided by Proterra Investment Partners, and the buyer was advised by Levenfeld Pearlstein, LLC. The sellers were represented by CenterPoint M&A Advisors.
About Clover Capital Partners LLC
Clover Capital Partners LLC has been investing in and acquiring food and beverage manufacturing companies since 2011. A value-added partner to lower middle market businesses, Clover and its principals focus on helping management teams navigate generational transition, build scalable infrastructure, and efficiently deploy resources to achieve growth. Co-Founders David Choe and Alex Schneider serve Felbro as investors and directors. For more information please contact us through www.clovercp.com
More on eTravel Wire
About Evanston Partners LLC
Evanston Partners LLC is a private equity investment firm which partners with management teams to recapitalize, acquire and build small growth companies. We seek to work with partners who demonstrate passion, integrity and strong work ethic and to build already profitable companies with a long-term focus on value creation. Managing Members William V. Glastris, Jr. and Jeffrey D. Ellis serve Felbro as investors and directors. For more information, please contact us through www.evanstonpartners.com
With two production facilities in Los Angeles and Compton, CA, Felbro develops, blends, packages, and distributes liquid and dry blended foods, including beverages, desserts, syrups, sauces, and soups. Customers include regional and national quick service restaurants, coffee and donut chains, national retailers, grocery chains, foodservice ingredient suppliers, and foodservice distributors.
The new investment group, led by Clover Capital Partners LLC and Evanston Partners LLC, has provided significant liquidity for the founding family and will invest financial and strategic resources into Felbro to further expand its capacity and product capabilities. Felbro will also pursue add-on acquisitions of complementary companies.
More on eTravel Wire
- "Build Your Brand, Grow Your Business" Offers Entrepreneurs a Step-by-Step Blueprint for Success
- Pixel Studio Productions Launches Same-Day Headshots in Houston
- Classic Vacations Recognizes VIP Vacations as One of the Top 25 Travel Agencies for Groups for 2025
- Exelon Leader Tamla Olivier Named 2025 Technologist of the Year by Waves of Change STEM Conference
- Be Part of the World's Largest Art Biennale | Moons, Castles, Trees | Copenhagen Chronotopes
As part of the transaction, Janet Caldwell joined the company as its new President. Ms. Caldwell was previously with the Gill Corporation where she served as CFO and COO. She has extensive experience in the food manufacturing industry, serving in executive leadership positions at a variety of companies including 11 years as CFO and COO of Kronos Foods.
Daniel Feldmar, whose grandfather and great-uncle founded Felbro, will be continuing in a senior leadership role as Chief Commercialization Officer. He stated, "The recapitalization led by Clover and Evanston will help Felbro accelerate growth while upholding the legacy of our family business. The Felbro team is excited for this new chapter in our long history."
Debt financing for the transaction was provided by Proterra Investment Partners, and the buyer was advised by Levenfeld Pearlstein, LLC. The sellers were represented by CenterPoint M&A Advisors.
About Clover Capital Partners LLC
Clover Capital Partners LLC has been investing in and acquiring food and beverage manufacturing companies since 2011. A value-added partner to lower middle market businesses, Clover and its principals focus on helping management teams navigate generational transition, build scalable infrastructure, and efficiently deploy resources to achieve growth. Co-Founders David Choe and Alex Schneider serve Felbro as investors and directors. For more information please contact us through www.clovercp.com
More on eTravel Wire
- SeedList Launching Institutional Crypto Crowdfunding Project to Empower Retail Investors and Disrupt the VC-Dominated Crypto Fundraising Landscape
- Ventosa Vineyards Wins Wine & Beverage Award at 2025 Seneca County Chamber Membership Celebration
- Rent Like A Champion Acquires CollegeWeekends
- Sumter Landing Dental Care Launches Summer Special on Full Mouth Reconstruction
- Seligson Law Launches New Website to Support Cannabis Businesses in California and New York
About Evanston Partners LLC
Evanston Partners LLC is a private equity investment firm which partners with management teams to recapitalize, acquire and build small growth companies. We seek to work with partners who demonstrate passion, integrity and strong work ethic and to build already profitable companies with a long-term focus on value creation. Managing Members William V. Glastris, Jr. and Jeffrey D. Ellis serve Felbro as investors and directors. For more information, please contact us through www.evanstonpartners.com
Source: Evanston Partners LLC
0 Comments
Latest on eTravel Wire
- Iterators LLC Honored with IST82 State Award for Accessibility in Massachusetts
- Josh & Heidi Share Upcoming "Spreading the Good BUZZ" Podcast Guests, Select Top Five Elopement Locations as Their Instagram Presence Grows Globally
- GoldenAgeTravellers.com Launches to Inspire a New Wave of Retirement Adventure
- Opteamix Launches StackRewrite.AI to Transform Enterprise Legacy Modernization
- "The Pornified Generation": Dr. Chris Samuels Exposes the Toxic Alliance Between Bro Culture and Pornography That's Rewiring a Generation
- The Modern Insurance Store Expands Medicare Help Services for Seniors in Cincinnati
- Ironside HR Named Fastest-Growing Staffing Firm for Second Year
- Inframark Continues to Build Its Community Management Capabilities and Multi-Disciplinary Presence in Arizona
- ICAST 2025: The Crystal-Clear Revolution Begins at Booth #3233
- Brindle Pet Supplies Now Carries Badlands Ranch Dog Food in Canada
- $10 Million Allocated to Establish Crypto Treasury Focused on High Value Ethereum (ETH) & Bitcoin (BTC) as Long-Term Holdings for Cybersecurity Leader
- Sing For Your Supper: A Night of Musical Comedy and Drag for a Great Cause
- Cummings Graduate Institute for Behavioral Health Studies Celebrates New DBH Graduates
- $100 to $200 Million Equity Agreement with Top Digital Advisor Bitwise to Power Major Digital Asset Initiative for Bitcoin and Solana: OFA Group
- New Collaboration Launches Corporate ESG Solution for Responsible Decommissioning and Transparent Reporting
- SlickCashLoan Launches Free Loan Calculator to Help You Plan Monthly Payments
- Travel jobs market eases as hot weather hits
- TikTok Star ArcadeFriends Attempts 24-Hour Claw Machine Marathon at Lucky Puppy Arcade in Las Vegas
- Pyro Marketing Launches New Website to Accelerate Growth for Fitness Brands
- KCON LA 2025, 106.3 RAIN FM 'Take Over' Special Event