Peakstone served as exclusive investment banking advisor to Deli Star Corporation in its loan capital raise from Proterra Investment Partners.
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Founded in 1987, Deli Star is a leading innovative protein ingredient supplier. In January 2021, Deli Star’s plant was destroyed in a fire. The new capital will enable Deli Star to open a new headquarters and state-of-the-art production facility located in St. Louis, Missouri. The new facility substantially increases the company’s production capacity, positioning Deli Star for its next decade of growth.
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Justin Siegel, CEO of Deli Star, noted, “This has been a uniquely challenging year for Deli Star, as we’ve worked to continue serving our customers and navigate this extraordinary disruption. With Peakstone’s strong advisement, hard work, patience, and due diligence, we were able to complete this important transaction. We are very excited to partner with Proterra, as their deep knowledge of food processing enabled them to structure the right transaction.”
Matthew Swanson, Managing Director of Proterra Investment Partners, said, “Our financing positions Deli Star to capitalize on its core strength of delivering healthy, innovative, high-quality proteins to its customers, and we look forward to partnering with the company as they complete the build out of their new state-of-the-art facility.”
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