John Soules Foods Has Acquired Pro View Foods
HOUSTON, November 20, 2014 - GulfStar Group ("GulfStar") is pleased to announce the acquisition of Pro View Foods by John Soules Foods (or the "Company"). GulfStar served as exclusive financial advisor to John Soules Foods throughout the transaction, which closed on November 17, 2014.
John Soules Foods is the nation's leading formulator, manufacturer and marketer of ready-to-cook and fully cooked beef and chicken fajita products as well as a variety of other high quality protein products. John Soules Foods' operations are based in Tyler, TX, and its products are sold under the John Soules Foods brand as well as a select number of private label brands for a number of the country's premier retailers.
Pro View Foods is a privately held, Georgia-based food manufacturer, established in 2007. The company operates three manufacturing plants in Gainesville and Braselton, GA. It formulates and manufactures a wide variety of whole-muscle and formed, ready-to-cook and fully cooked chicken products in a wide variety of flavor and breading profiles, primarily for the school and foodservice channels.
"We've maintained a very close strategic relationship with GulfStar over the last several years, and the successful completion of the Pro View Foods transaction serves as a visible example of how creative thinking, client alignment, persistence and execution can come together in a winning outcome for all parties," said John Soules, Jr., Co-Chief Executive Officer of John Soules Foods. "GulfStar dedicated a full effort to John Soules Foods throughout the process, and provided us with critical guidance from concept to the closing table."
The GulfStar transaction team included Managing Director Scott Winship, Associate Ben Stanton and Analyst Patrick Wilkey. "This is a very meaningful transaction for John Soules Foods as it further enhances the Company's leading product portfolio, incorporates large new channel opportunities and creates tangible freight efficiencies for its rapidly growing Eastern U.S. business," said Winship. "It was a pleasure working with John Soules Foods' extraordinary Management team, and we look forward to serving the Company in the future for its next phase of growth."
About GulfStar Group
GulfStar is a leading middle market investment bank headquartered in Houston. GulfStar specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed approximately 600 transactions in 32 states and 10 foreign countries across a variety of industries.
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