Stellus Capital Provides Financing for CCMP's Acquisition of Combined Caterers
In a significant development within the event catering sector, Stellus Capital Management, LLC has announced their provision of unitranche financing, alongside equity co-investment, to support CCMP Growth Advisors in acquiring Combined Caterers. This strategic partnership is set to enhance the operational capabilities and growth prospects of Combined Caterers, a leading player in premium catering and event management services across the Southeast United States.
Headquartered in Charlotte, North Carolina, Combined Caterers has cultivated a reputation synonymous with excellence in event management and catering since its establishment in 1989. The company operates three distinguished catering brands: Best Impressions Caterers in Charlotte, Duvall Catering & Events in Charleston, and Rocky Top Catering in Raleigh. With a diverse portfolio, Combined Caterers caters to upscale weddings, corporate functions, and social gatherings, including charitable galas, providing a comprehensive suite of catering services across various exclusive and third-party venues.
The company's growth trajectory has not only involved expanding into new geographical markets but also enhancing its service offering. Centralized commissary kitchens situated in each operational market empower Combined Caterers to deliver exceptional food quality while maintaining consistency and efficiency in executing high-end events. Customers benefit from a seamless experience, underscored by the company's commitment to culinary excellence and impeccable service.
Patrick McGrath, Managing Director at CCMP Growth Advisors, has praised Combined Caterers’ impressive reputation and growth under the leadership of co-founders Justin and Melissa, along with their experienced management team. He stated that the flexible financing structure provided by Stellus would play a pivotal role in scaling the business, increasing its market share in the catering sector. McGrath emphasized the importance of this partnership, expressing enthusiasm for future collaborations with Stellus.
Doug Bollermann, Managing Director at Stellus, conveyed excitement about joining forces with CCMP and Combined Caterers. He noted that Combined Caterers stands as a dominant force in the Southeast event catering market. Their leadership, combined with CCMP's expertise in scaling multi-site consumer businesses and consolidating fragmented markets, positions them for considerable growth ahead.
This collaboration marks a promising step forward not just for the stakeholders involved but also for the broader event catering industry, which is evolving to meet the demands of an increasingly discerning clientele. As Combined Caterers gears up for this next chapter, the integration of Stellus Capital’s financial support will undoubtedly catalyze new opportunities and innovations within their operations.
The acquisition reflects ongoing trends in the finance and investment landscape, where strategic partnerships and financing solutions are key to driving growth and competitiveness in niche markets. As we look forward to how this partnership unfolds, the commitment of both Stellus Capital and CCMP Growth Advisors remains focused on enhancing service offerings and expanding their reach within the dynamic event management sector.
Headquartered in Charlotte, North Carolina, Combined Caterers has cultivated a reputation synonymous with excellence in event management and catering since its establishment in 1989. The company operates three distinguished catering brands: Best Impressions Caterers in Charlotte, Duvall Catering & Events in Charleston, and Rocky Top Catering in Raleigh. With a diverse portfolio, Combined Caterers caters to upscale weddings, corporate functions, and social gatherings, including charitable galas, providing a comprehensive suite of catering services across various exclusive and third-party venues.
The company's growth trajectory has not only involved expanding into new geographical markets but also enhancing its service offering. Centralized commissary kitchens situated in each operational market empower Combined Caterers to deliver exceptional food quality while maintaining consistency and efficiency in executing high-end events. Customers benefit from a seamless experience, underscored by the company's commitment to culinary excellence and impeccable service.
Patrick McGrath, Managing Director at CCMP Growth Advisors, has praised Combined Caterers’ impressive reputation and growth under the leadership of co-founders Justin and Melissa, along with their experienced management team. He stated that the flexible financing structure provided by Stellus would play a pivotal role in scaling the business, increasing its market share in the catering sector. McGrath emphasized the importance of this partnership, expressing enthusiasm for future collaborations with Stellus.
Doug Bollermann, Managing Director at Stellus, conveyed excitement about joining forces with CCMP and Combined Caterers. He noted that Combined Caterers stands as a dominant force in the Southeast event catering market. Their leadership, combined with CCMP's expertise in scaling multi-site consumer businesses and consolidating fragmented markets, positions them for considerable growth ahead.
This collaboration marks a promising step forward not just for the stakeholders involved but also for the broader event catering industry, which is evolving to meet the demands of an increasingly discerning clientele. As Combined Caterers gears up for this next chapter, the integration of Stellus Capital’s financial support will undoubtedly catalyze new opportunities and innovations within their operations.
The acquisition reflects ongoing trends in the finance and investment landscape, where strategic partnerships and financing solutions are key to driving growth and competitiveness in niche markets. As we look forward to how this partnership unfolds, the commitment of both Stellus Capital and CCMP Growth Advisors remains focused on enhancing service offerings and expanding their reach within the dynamic event management sector.
Topics Financial Services & Investing）
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