SOURCE: Dresner Partners

Dresner Partners

June 21, 2010 17:56 ET

Dresner Partners Advised Protein Solutions in Obtaining New Capital

CHICAGO, IL--(Marketwire - June 21, 2010) -  Dresner Partners, a leading FINRA-registered, middle-market investment bank and IMAP member firm, announced today that it advised Chicago, Illinois-based Protein Solutions in connection with an investment by St. Louis-based Advantage Capital Partners, and in a refinancing of its senior credit facility by Wells Fargo Business Credit, a division of Wells Fargo Bank, N.A. Terms of the transactions were not disclosed.

Protein Solutions, LLC is a leading value added processor and distributor of portion control meat products to national restaurant chains, food distributors, and consumers. The company was seeking capital to support new product development and accelerated market penetration. New capital provided by Advantage Capital Partners enabled Wells Fargo Business Credit to provide additional liquidity under its senior credit facility in order to support the company's impressive growth trajectory, which has seen the company grow from $5 million to over $140 million in sales in only five years. 

Gregg Pollack, managing director at Dresner Partners, said, "Dresner is pleased to have been able to assist the company in completing this important transaction. We believe that the investment by Advantage Capital Partners and new capital committed by Wells Fargo Business Credit will enable the company to maintain its pace of rapid growth and realize its goal of becoming the leading supplier of custom made beef and pork products to the national restaurant industry."

Steven Dresner, president of Dresner Partners, added, "On behalf of the entire transaction team we enjoyed working with all parties in order to facilitate a successful outcome for such a high quality and rapidly growing company. We expect the company and its founders, Bill Kulach and Kevin Davidson, and its president Tim Reiter, to achieve even greater success in the next five years."

About Dresner Partners
Dresner Partners is a FINRA-registered, middle-market investment bank headquartered in Chicago, Illinois. Founded in 1991, Dresner Partners provides financial advisory services to business owners and managers throughout the world, including institutional private placements of debt and equity, merger and acquisitions, valuations and strategic consulting services. Dresner Partners is also a member of IMAP, an exclusive global organization of leading merger and acquisition advisory firms. Its affiliate company, Dresner Corporate Services, is a strategic communications firm specializing in public and investor relations. More information is available at www.dresnerpartners.com or www.imap.com/locations/office.cfm?OfficeID=416

About Protein Solutions
Protein Solutions, LLC is a leading value added processor and distributor of portion control meat products to national restaurant chains, food distributors, and consumers. Operating from its newly constructed, state-of-the-art facility in Chicago, Illinois, the company boasts robust processing capabilities and expertise, enabling it to provide a broad array of custom beef, pork, and poultry products to its customers. Protein has earned a reputation in the industry for producing product of the highest quality with unparalleled responsiveness, which has made the company the supplier of choice among its customers. More information is available at www.proteinsolutions.net.

About Advantage Capital Partners
Advantage Capital Partners is a leading small business finance firm focused on providing growth capital and other investments supporting state and local economic development efforts. The firm's typical forms of investment include early stage and expansion equity, mezzanine financing, senior and subordinated loans and government-guaranteed lending. With offices and partners in Chicago, St. Louis, New Orleans and other U.S. cities, Advantage has raised more than $1.3 billion in institutional capital since 1992 and invested in companies located in geographic areas underserved by traditional capital.

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