Zacky & Sons secures $25 million loan to finance growth

Great Rock Capital has completed a $25 million secured term loan with Zacky & Sons Poultry.

(Alexander Kalina, Freeimages.com)
(Alexander Kalina, Freeimages.com)

Great Rock Capital has completed a $25 million secured term loan with Zacky & Sons Poultry.

The capital will enable Zacky & Sons, a vertically integrated turkey grower, processor and distrubutor, to refinance existing senior indebtedness and fund capital expenditures to expand its production facilities to support the company's growth.

"We are excited about our partnership with Great Rock and what it entails for the future success of our business. This financing provides Zacky's with the capital needed to drive our continued growth as we remain focused on our commitment to bringing our customers the best quality of poultry one can buy," Lillian Zacky, founder of Zacky & Sons Poultry and Tom Dahlen, the company's CEO, jointly stated in a press release. 

"We are pleased to structure a financing solution for Zacky's that provides a significant increase in liquidity to drive future growth. The financing provides an optimal structure for Zacky's, an iconic family-owned business, and we look forward to working with GemCap Solutions in the future to provide creative liquidity solutions to the middle market," stated Stuart Armstrong, CEO of Great Rock Capital.

David Ellis, co-president of GemCap, added, "GemCap appreciates the opportunity to work with a great, pioneering company to help implement its growth. We provided creative financing with a quick closing. Our creativity and speed would not have been possible without the professionalism and communication with Great Rock, which – together with GemCap – effectuated the company's recapitalization."

Zacky & Sons Poultry, doing business as Zacky Farms, according to the WATTAgNet Top Poultry Companies Database, is the 18th largest turkey company in the United States. Headquartered in Fresno, California, the company slaughtered 82.96 million pounds of live turkeys in 2017.

Lillian Zacky is currently the first woman Chairman of the California Poultry Federation and is also a member of the National Association of Women Business Owners.

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