Trinity Capital Announces the Successful Recapitalization of L&L Foods, Inc. with CIC Partners, LP

Transaction Overview:
Trinity Capital LLC served as exclusive financial advisor to L&L Foods, Inc. on its successful recapitalization with CIC Partners, LP.  As part of our engagement, Trinity developed and executed a competitive process to identify the ideal partner for L&L Foods. This recapitalization will better enable L&L Foods to pursue its key growth initiatives, including  (i) further penetration of existing customers with new products, (ii) expansion of its production capabilities across the U.S. and (iii) broadening its customer base and markets served.

L&L Foods, headquartered in Anaheim, California, is a leading provider of niche food packaging solutions with strong expertise in portion control.  The Company’s unique capabilities allow it to serve as a value-added service provider in the formulation, sourcing and packaging of retail and foodservice packaged food products.  The Company’s primary packaged products include salad kits; dried products such as croutons, nuts and seeds; dried fruit and spice packets.  L&L Foods has demonstrated rapid growth of sales since inception, which has been facilitated by a disciplined commitment to provide its customers with a “one-stop” solution for consumer food products while operating an efficient, low-cost operation.

Client Testimonial:                                      
“Trinity Capital provided exceptional advice and service throughout our recapitalization process.  Their guidance and responsiveness was world class at every step.  Trinity took charge from the beginning, kept all parties on track and managed the engagement with authority and attention to detail. It is clear that the Company benefited tremendously from their years of experience, significant sophistication on all deal points and dedicated commitment to their clients.  The senior professional attention provided on a day-to-day basis was very impressive. We are very pleased to move forward with CIC Partners, a knowledgeable and well-connected capital partner that can help facilitate our continued growth and success.”

– John Pooley, Chief Executive Officer of L&L Foods

– Scott Lebda, President of L&L Foods