August 31, 2021 – WP Global Partners announced the sale of Monogram Foods through a dividend recap and merger transaction that closed on August 27, 2021. WP Global directly sourced the investment as part of its food and agriculture-based strategy and also invested on behalf of COREalpha Private Equity Partners Co-Investment Fund IV.
Monogram Foods is a privately held manufacturer of meat snacks, corn dogs, frozen appetizers, hot dogs, sausages, precooked bacon, and portable snack & sandwich assembly. Headquartered in Memphis, TN, the company operates nine processing plants and employs over 3,000 people. Monogram is a co-manufacturer and private label provider to major retailers and food service providers, including Starbucks and Tyson Foods. WP Global was active on the board, during which time Monogram’s management team increased sales and earnings by over 300%.
About WP Global Partners
WP Global Partners is a private markets firm focused on investing into small to middle market companies via both direct and fund vehicles through both private equity and debt strategies. With decades of experience, the WP Global team has collectively invested $7 billion into over 100 companies directly and into over 400 small to middle market funds.