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Rosenthal Provides $1.2 Million ABL Facility to Specialty Foods Distributor, Partner Foods Group
February 22, 2022
NEW YORK) – FEBRUARY 22, 2022 – Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of a recent joint $1.2 million revolving asset-based lending facility to support Partner Foods Group, a domestic specialty foods importer and distributor.
Founded in 2019, Partner Foods Group is a leading importer, marketer and distributor of specialty, health and organic foods, with sales topping $10 million. The company is led by an experienced team of food industry veterans with a mission to develop and build small brands from the bottom up. The company’s growing portfolio of brands now includes Monari Federzoni, a large seller of balsamic vinegar, Allegro marinades, Bongiorno organic vinegar drinks, WaterBox, an eco-friendly boxed water brand, Evolution Salt, a gourmet Himalayan sea salt company and Monini an Italian Olive oil. Partner Foods Group represents brands on an exclusive basis, selling direct to retail customers like Walmart and Safeway, as well as to a network of wholesale specialty food distributors, including United Natural Foods and KeHE.
Already familiar with Rosenthal from a previous relationship, Partner Foods Group CFO Barry O’Brien approached Rosenthal to explore alternative financing solutions that would support the company’s growing needs. Rosenthal stepped in to provide a $1.2 million revolving credit facility with advances on accounts receivable and inventory to support the company’s rapid growth.
“We are so pleased to team up with Partner Foods Group and their incredibly talented management team as they continue their efforts to expand their portfolio of brands and focus on the future,” said Robert Schnitzer, Senior Vice President at Rosenthal. “This loan structure is a wonderful example of how Rosenthal approaches all of our transactions—thoughtfully and creatively—with practical financing solutions that offer our clients maximum value, stability and flexibility so they can focus on growing their business.”
“We are thankful to again work with Robert and the Rosenthal team. Their professionalism, knowledge, focus and flexibility made our choice an easy one. The loan structure was tailored perfectly to our needs and enables our company to continue to expand and grow. We highly recommend Rosenthal and look forward to working together,” said Partner Foods Group CFO Barry O’Brien.
For more information about Rosenthal and this transaction, please visit www.rosenthalinc.com and contact Robert Schnitzer at 212-356-1779 or RSchnitzer@rosenthalinc.com.
About Rosenthal & Rosenthal
Rosenthal & Rosenthal (www.rosenthalinc.com) is the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States. Founded in 1938 by Imre J. Rosenthal, the firm is now led by the second and third generations of the Rosenthal family. As a privately held company, Rosenthal is committed to providing personalized service and flexible lending to clients across a broad range of industries. Rosenthal has offices in New York, California, Georgia and North Carolina.