New York, NY, May 15, 2019 – Carr, Riggs & Ingram Capital Advisors, LLC is pleased to announce that AUA Private Equity Partners, LLC (“AUA Private Equity” or “AUA”) completed its second investment for the GCH platform, partnering with the founders and senior management of Kabobs Holdings, LLC (“Kabobs”). Kabobs is a leading manufacturer of hors d’oeuvres, side items, and ethnic and breakfast products that services foodservice operators, hotels, convention centers, corporate campuses, professional caterers, and universities across the U.S and Canada. The business is recognized for its cornerstone traits of ﬂavor complexity, consistent quality, continual culinary innovation, and commitment to customer service.
Andy Unanue, AUA Private Equity’s Managing Partner, commented, “We are excited to establish the Gourmet Culinary Holdings platform and partner with talented operators at each of Gourmet Kitchen and Kabobs. Based on the strong performance in our portfolio company Indulge Desserts Holdings, LLC, we hope to create similar economies of scale that will allow our partners to accelerate growth and continue to offer premium customized solutions to our customers.”
R. Terry Hunt, Chairman of Kabobs, stated, “We are extremely enthusiastic to partner with AUA and the owners of Gourmet Kitchen. As we sought to grow our company and expand our facility, we felt AUA was the ideal partner to help accelerate that growth. We share their vision of creating a premium specialty prepared foods platform with a focus on quality, consistency, and extraordinary customer service.”
Michael Lacey, President of Gourmet Kitchen, further commented, “We have been thinking about a partnership with Kabobs for years. AUA was able to make that a reality. Together, we will be able to provide a broader product offering and expansive customer service.”
CRI Capital Advisors, LLC acted as the sole investment banking advisor to Kabobs throughout the transaction.
About Carr, Riggs and Ingram Capital Advisors, LLC
CRI Capital Advisors, LLC is a merger and acquisitions focused investment banking firm providing solutions to lower-middle market companies. Clients of the firm typically generate between $10 million and $200 million in annual sales with valuations ranging from $5 million to $150 million. The firm has experience across a broad range of industries including: manufacturing, healthcare, business services, energy services, and many others. The firm is a registered broker-dealer with the Securities Exchange Commission and a member of FINRA and SIPC. Additional information is available on the firm’s website, www.criadv.com
CRI Capital Advisors, LLC is an affiliated firm of Carr, Riggs & Ingram, LLC; a top 20 CPA firm in the country with more than 60 offices and 2,000 professionals across the Southern United States.