(Philadelphia, PA) – BMI Mergers & Acquisitions, a merger, and acquisition advisory firm announces the sale of Blackwood, NJ-based Sicilian Chef’s Inc., makers of the Caesar’s Pasta brand, to Consolidated Investment Group.
Sicilian Chef’s was founded in 1967 by Michael Lodato where the family-run business quickly grew to include three generations of the Lodato family. The company manufactures and markets the Caesar’s Pasta brand of frozen Italian pasta products including lasagna, ravioli, and manicotti, as well as a variety of other items. The company has grown through a focus on healthy products and was one of the pioneers of successfully creating gluten-free and organic pasta items that are marketed nationally in major retail and foodservice outlets.
Michael Lodato, former owner and President of Sicilian Chef’s said, “We are very proud of the business our family has built over these many years, and believe Consolidated Investment Group, with their extensive experience in the frozen food business and their management philosophy, is a perfect fit to build Caesar’s brand and continue to grow the company to new levels of success.”
Consolidated Investment Group is an entrepreneurial investment company that manages a diverse portfolio. David Merage, CEO, and Principal co-founded Chef America, a national frozen food manufacturer known for inventing and marketing the well-known brand of Hot Pockets©.
BMI Mergers & Acquisitions arranged the confidential sale, managed the transaction, provided financial guidance, and negotiated the sale thru closing. Ray Lodato, former owner and Vice President of Sicilian Chef’s said, “I want to personally thank BMI for assisting us with the sale of our company. Your experience and professionalism was very comforting with what was one of the biggest decisions in our lives. You presented us with several qualified buyers and worked closely with us from beginning to end. Our business had been in our family for 48 years and I am extremely happy and pleased we chose your company to represent us. I will not hesitate to recommend BMI to others.”
This business transaction was facilitated by BMI Mergers & Acquisitions. BMI specializes in the sale and acquisition of privately held businesses throughout the United States. BMI’s process is designed to be thorough, confidential and attract a large pool of qualified buyers resulting in maximum value for business owners. BMI’s professionals include certified business intermediaries, certified business brokers, licensed holders of series 79 and 63, and licensed real estate representatives.
With offices in Philadelphia, Allentown, and Reading Pennsylvania, Chicago, Illinois, and New York, BMI is a member of the Alliance of Merger & Acquisition Advisors, the M&A Source, International Business Brokers Association, and the Pennsylvania Business Brokers Association. Securities transactions are handled thru StillPoint Capital, a Member of FINRA and SIPC.