F.N.B. Capital Partners, along with a group of Pittsburgh, Pa.-based investors, has acquired Uncle Charley’s Sausage Co., a meat processing company.
F.N.B. Capital Partners, along with a group of Pittsburgh, Pa.-based investors, has acquired Uncle Charley’s Sausage Co., a meat processing company. The investors plan to increase funding to expand the business while keeping its unique brand value, leadership, Vandergrift, Pa.-based manufacturing facilities and employees intact.
Uncle Charley’s Sausage produces and distributes gourmet sausage and meat products to retail markets throughout six states, including Pennsylvania, West Virginia, Ohio, and Maryland. A succession planning process for the company was led by investment banking firm, Ventura Group LLC, which acted as financial advisor to Uncle Charley’s assisting in all aspects of the transaction. Charles Armitage, Sr., Founder of Uncle Charley’s Sausage Co., selected F.N.B Capital Partners and the other investors for their successful track record of expanding businesses and their dedicated passion for the Uncle Charley’s Sausage Co. brand.
“I am glad that it [the company] is staying in the hands of local people. I have confidence that they will protect the brand’s reputation and help take the company to the next level of growth. They are buying a brand—one that our dedicated management team, employees and family have worked hard to create,” said Armitage.
Uncle Charley’s will operate under the leadership of one of the investors, Len Caric, who will serve as the standing President and CEO, with Jim Rudolph serving as the company’s Chairman. Charles Armitage, Sr. will serve as a consultant for Uncle Charley’s Sausage throughout the next year.