SG Stonegate Announces a Senior Debt Investment in Chomps

Chomps, a family-owned and operated healthy meat snack brand offering products made from the highest-quality, sustainably sourced proteins. This announcement comes on the heels of Chomps’ latest innovation launch of Habanero Beef and Taco Beef on March 1, as well as the brand’s appointment of Liz Carter as President and COO.

"We could not have asked for a better partner than SG Stonegate Capital to help us achieve our many growth initiatives this year," says Chomps’ Senior Vice President of Finance, Tim Bosslet. "Their team's understanding of the unique capital needs of high-growth brands makes them the ideal financing partner as we continue to expand our product line and reach new consumers."

Chomps was founded in 2012 by Pete Maldonado and Rashid Ali as a mail-order service for grass-fed meat. The savvy entrepreneurs quickly recognized the opportunity to pivot the business to individually wrapped meat sticks. Their inspiring story was recently featured on the popular podcast How I Built This with Guy Raz. Today, Chomps is widely recognized as the fastest-growing brand of natural meat snacks in the U.S. and can be found nationwide in more than 18,000 retailers, and online at www.chomps.com.

"Chomps is an exceptional brand that shares our commitment to quality and innovation," says Director of Originations at SG Stonegate Capital, Evan Waggoner. "As a growth-oriented lender to consumer brands, we look forward to leveraging our extensive food and beverage experience to help Chomp s take their already impressive brand to the next level.”

About SG Stonegate

SG Stonegate, a division of SG Credit Partners (“SGCP”), is a family-office backed lender providing capital to lower middle market businesses and entrepreneurs requiring tailored credit solutions. SG Stonegate and SGCP provide structured credit solutions ranging from $2 million - $20 million primarily via three credit verticals: Software & Technology, Consumer Products, and Lower Middle Market. The firm has collectively deployed over $750 million of capital to lower middle market businesses across a variety of industries. For more information, please visit www.sgcreditpartners.com.

About Chomps:

Chomps is the fastest-growing natural meat snack brand in both the Natural and Conventional retail channels* with products made from the highest-quality, sustainably sourced proteins, and no hidden, harmful ingredients. All Chomps’ meat sticks are made from grass-fed and finished beef and venison and free-range turkey with no hormones or antibiotics. Chomps never contain added sugar, soy, dairy, artificial preservatives or colors, MSG, fillers, binders, or artificial nitrates or nitrites. Additionally, Chomps is the only meat snack that is Whole30 Approved, Certified Gluten-Free, Certified Paleo, Keto Certified, Non-GMO Project Verified, and Allergy-Friendly. Visit www.chomps.com for more information.