February 21, 2018
Cascadia Capital, an investment bank serving middle market clients globally, is pleased to announce it acted as the exclusive financial advisor to Salumi Artisan Cured Meats on the strategic investment received from Grant Peak Capital.
Salumi Artisan Cured Meats produces and sells high quality gourmet cured meats and other traditional Italian foods to wholesale, retail, and restaurant customers.
Located in Seattle’s historic Pioneer Square district, Armandino Batali founded Salumi in 1999 to make delicious “homemade” food products embodying generations of Italian family cooking traditions. He developed unique curing techniques that guaranteed high quality flavor and creativity by exceeding stringent modern-day food processing requirements.
The growth of the business under his daughter and son-in-law, Gina Batali and Brian D’Amato, led to a national following and multiple points of distribution. To obtain the capital resources and infrastructure necessary to take Salumi to the next level, Gina approached Cascadia Capital to find a well-capitalized investment partner with omnichannel and brand development skills.
“John Siegler and his team at Cascadia took the time to understand both the brand legacy, customer relationships and potential of our company. They carefully explained to my family the advantages and issues closely-held businesses can experience with institutional investors. With Grant Peak Capital, we found the perfect partner: one with retail and management experience, as well as the capital necessary to take advantage of our myriad expansion opportunities.”
Grant Peak Capital is a Seattle-based private equity fund founded by Clara Veniard and Martinique Grigg.
According to Grant Peak partner, Clara Veniard, “Martinique and I want to preserve all that the Batali’s have created and work closely with Gina and Brian to capitalize on Salumi’s steady momentum. We greatly appreciate the introduction provided by Cascadia and were very impressed with their shepherding of the transaction.”
Cascadia partner John Siegler added, “It’s both an honor and a pleasure to have the ability to work with iconic brands and best-in-class companies, especially when you can pair them with an investment organization perfectly prepared to assist in growing the business while preserving the Company’s unique and productive culture. The prospects are limitless.”
To learn more, please contact the deal team:
John C. Siegler