As demand grew over the last several years for Seviroli’s authentic Italian products, the Company has expanded its presence, serving customers nationally and expanding to an additional facility in Hauppauge, NY.
Mill Point Capital LLC (“Mill Point” or the “Sponsor”), a New York City-based middle-market private equity firm, approached us in July 2022 to support its acquisition of Seviroli Foods, in partnership with management.
Seviroli Foods, Inc. (“Seviroli Foods” or the “Company”) is a second-generation family-owned frozen pasta manufacturer and specialty Italian imports business founded in 1960 as a small pastry shop in Queens, New York. As demand grew over the last several years for their authentic Italian products, the Company expanded its presence, serving customers nationally and expanding to an additional facility in Hauppauge, NY.
Mill Point Capital LLC (“Mill Point” or the “Sponsor”) is a New York City-based middle-market private equity firm focused on investments in industrial, business services, and IT services businesses. We’ve worked with Mill Point on several previous transactions, and given our historical relationship, Mill Point approached PPC in July 2022 to support its acquisition of Seviroli, in partnership with management.
Mill Point was seeking a long-term, relationship-oriented financial partner with experience working with family-owned businesses that was able to provide additional capacity to invest in both the core business and future growth opportunities. Additionally, Mill Point decided to work with us given our:
In December 2022, we completed a one-stop financing solution to support Mill Point’s acquisition of Seviroli Foods. We are pleased to have been a part of this process and look forward to supporting Seviroli’s track record of growth and innovation.
