PE-backed restaurant supplier sells HQ

Angelo Gordon’s sale-leaseback group has bought the headquarters and main distribution centre of Stampede Meat, a portfolio company of Fairmont Capital, PNC Mezzanine Capital and Sankaty Advisors. The all-equity deal was valued at $14m.

Fairmont Capital, PNC Mezzanine Capital and Sankaty Advisors have sold the headquarters and main distribution facility of their portfolio company, Stampede Meat, to Angelo Gordon in a $14 million sale-leaseback transaction.

The private equity and investment firms acquired Stampede, which supplies beef products to the US restaurant industry, in January 2007.

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