Rupari Food Services, Inc.

South Holland, Illinois
Investment Amount: $3,500,000
Food Products Producer & Distributor
Investment Date: May, 2014
“I WAS INTRODUCED TO CAPX THIS YEAR AND WE HAVE CHOSEN TO WORK WITH THEM ON MANY OF OUR MID TO LARGE CAPITAL EXPENDITURE NEEDS FOR 2014. BRYAN ROZUM AND HIS COLLEAGUES HAVE BEEN EASY TO WORK WITH AND TIMELY IN THEIR COMMUNICATION AND SERVICE. MY TEAM HAS APPRECIATED CAPX’S WILLINGNESS TO ANSWER QUESTIONS AND THEIR WORK WITH OUR VENDOR/SUPPLIERS TO ASSURE DETAILS AND PAYMENTS ARE ACCURATE. I WOULD RECOMMEND CAPX TO ANY OF MY PROFESSIONAL PEERS IN THE MANUFACTURING INDUSTRY.”Bobby Harris, Operations Manager, Rupari Food Services, Inc.

INVESTMENT SITUATION

Founded in 1978, Rupari Food Services prepares and distributes pre-cooked ribs and related BBQ products. Rupari’s products are sold in major grocery stores under the “Tony Roma’s” brand, under the deli counter under the “Butcher’s Prime” brand, and via private label. Rupari’s niche is marketing restaurant-quality product that is ready to eat and convenient for busy consumer lifestyles. The Company was introduced to CapX Partners by its private equity owners to efficiently procure and finance their new investment in cooking, packaging and distribution equipment.

Headquartered in South Holland, Illinois, Rupari Food Services distributes its BBQ products across the United States. After launching in 1978, Rupari has reached licensing deals with both Tony Roma’s and Butcher’s Prime, and has become a prevalent brands in the refrigerated food sections of Costco, Safeway, Stop N’ Shop, Sysco, and Walmart. Rupari is majority owned by Chicago based private equity fund, Wind Point Partners.

THE CAPX APPROACH AND SOLUTION

CapX recognized Rupari’s success in the pre-made meal market, as well as its high potential for growth. In order to meet Rupari’s projected production demands, CapX provided a customized equipment lease line of credit that is being used to finance new capital expenditures. CapX’s lease facility will fund new cooking and packaging equipment and will fulfill the Company’s need for increased production capacity. CapX’s portfolio management team coordinating with Rupari’s financial staff will allow Rupari to achieve all of its financing needs in a timely and efficient manner.

“It was a pleasure working with Rupari and Wind Point Partners on the transaction. Together, Rupari and Wind Point identified a need to secure a flexible source of capital in order to acquire mission critical and revenue producing equipment assets. CapX was able to customize a debt facility that would allow the company to fulfill their 2014 capex budget. We’re very supportive of the financing and look forward to reviewing future growth capex opportunities with both Rupari and Wind Point.”