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Uncle Charley's Sausage | Case Study
Uncle Charley's Sausage
- Status: Exited
- HQ Location: Northeast
- Industry: Food & Beverage
- Fund: Private Credit Fund I
- Deal Team: Stephen J. Gurgovits, Jr., CPA, CFA, Sean Edmonson, and Ian Frazier
- Investment Date: 01/27/2014
- Founded in 1988, Uncle Charley’s Sausage Company (“UCSC”) is a Western Pennsylvania based pork sausage producer with a strong market share in the Greater Pittsburgh Region FNBCP partnered with a local operator (Len Caric – President) and sponsor (McKnight Capital Partners) to lead the acquisition.
- Industry: Stable demand for pork sausage through all economic cycles as it’s cheaper and a more convenient alternative to beef, turkey, and chicken.
- Opportunity: Invest in a family-owned company with strong brands and an identified opportunity to grow through investments in sales process and new products.
- Strategy: Develop more cohesive sales & marketing strategy and establish private label partnerships.
- The Company faced several challenges over the course of the investment period, including (i) pork price volatility; (ii) increased competition from out of market brands; (iii) consumer shift away from pork sausage consumption; and (iv) production challenges driven by staff turnover.
- The investor group and management team have revised the go-to market strategy (private label offerings) and implemented employee incentives to drive retention and production efficiency UCSC was exited in September 2020 to an undisclosed buyer.
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