Smoked Meat Deal
'We partnered with the son of the family to build the team and build additional facilities,' said Jared Stein, co-founder of Monogram and chairman at Western. 'We're seven years in, but it feels like a brand-new investment.'
Originally, Monogram helped the company scale from a single location to five facilities over a four-and-a-half-year period. It sold a majority of the business to AUA in 2023 but kept a 21% stake. Two years later, it reacquired the entirety of the business outright and expects to have seven facilities in operation by year-end.
Western marks Monogram's 39th investment and one of the most successful investments in the firm's history. The company has grown backed by consumer trends which favor high-protein, low-sugar and on-the-go snacks, further amplified by GLP-1-driven health awareness. Over the last five years, sales have increased more than sevenfold, bolstered by the commercialization of breakthrough product innovation, including zero-sugar sticks and mini sticks.
Monogram's investments include the healthy soda brand Olipop. It was an investor in Chewy.com, which was sold to PetSmart for $3.3 billion.
Information for this article was sourced from Monogram Capital Partners.
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