Wynnchurch Capital Exits Stampede Culinary Partners

ROSEMONT, Ill.–(BUSINESS WIRE)–Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, today announced the sale of Stampede Culinary Partners, Inc. (“Stampede” or the “Company”) to Premium Brands Holdings Corporation (“Premium Brands”) (TSX:PBH).

Headquartered in Bridgeview, Illinois, Stampede is a leading North American culinary solutions provider, with a specialized focus on sous vide solutions. With over three decades of experience, Stampede serves a blue-chip customer base across multiple channels, including restaurants, retail, and foodservice distribution. The Company has grown significantly through organic expansion, strategic acquisitions, and continued investments in capacity and capabilities, resulting in an industry-leading North American sous vide platform.

John Hatherly, Managing Partner at Wynnchurch, stated, “Stampede represented an opportunity to partner with not only a market-leading protein solutions company, but also an exceptional management team. During our partnership, the team strengthened Stampede’s longstanding reputation for customer service, food safety, quality and innovation, while transforming the business. We are grateful for our partnership with Brock Furlong and the entire Stampede organization and are proud of the team’s accomplishments.”

Brian Riordan, Managing Director at Wynnchurch, added, “We appreciate the dedication from the Stampede team as they led the transformation of the business during our partnership into a scaled provider of value-added protein solutions. Together, we had a vision to dramatically expand in the sous vide market and the management team successfully executed that strategy. We are excited for Brock and his team as they partner with Premium Brands and build on their success.”

“There is no better word and no greater compliment than to thank Wynnchurch for their partnership. It is reflected not only in our name, but more importantly in the unwavering approach we take to serving our foodservice and retail customers. Wynnchurch fully supported our team as we built an industry-leading North American sous vide platform. My entire Stampede family is very excited to be joining the Premium Brands team, and we look forward to leveraging the extensive new capabilities and resources within the Premium Brands ecosystem to better serve our rapidly expanding customer base,” stated Brock Furlong, CEO of Stampede.

North Point Mergers and Acquisitions, Inc. served as lead financial advisor to Stampede and BofA Securities, Inc. served as co-financial advisor. Tucker Ellis LLP, Perkins Coie LLP, and Stikeman Elliott LLP provided legal advice to Wynnchurch in connection with the transaction.

About Stampede:

Stampede is an innovative culinary solutions provider serving America’s top restaurant chains, leading retail brands, and food distributors. With a commitment to culinary excellence, quality, and food safety, Stampede proudly serves over 500 leading foodservice brands, over 40,000 restaurants, over 60,000 retail stores, and 2,000-plus distributors nationwide. For over 30 years, Stampede has set the standard in culinary innovation and operational excellence. Headquartered in Bridgeview, Illinois, Stampede boasts nearly 530,000 sq. ft. of production and innovation facilities across Illinois, New Mexico, Georgia, and Ontario, which annually produce, store, and distribute 300 million pounds of retail and menu products including chicken, beef, turkey, pork, vegetables, prepared meals, and alternative proteins. For more information, please visit: www.stampedeculinarypartners.com.

About Wynnchurch Capital:

Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with an affiliate in Canada, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement.

Wynnchurch manages a number of private equity funds with $8.6 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings. Recently, Wynnchurch acquired Charter Industries, a leading provider of edgebanding and complementary products. Other recent investments include: Astro Shapes, a leading manufacturer of custom aluminum extrusions; Principal Industries, a leading provider of LED components and engineered assemblies; and ORS Nasco, North America’s largest pure wholesaler of industrial MRO supplies. For more information, please visit: www.wynnchurch.com or follow us on LinkedIn.

Contacts

For new investment opportunities, please contact:

Mike Teplitsky

Partner

[email protected]

Scott Fitch

Partner

[email protected]