IMB Partners, a leading private investment firm, has announced their recapitalization and growth equity investment in Richmond Wholesale Meat Company. Founded in Richmond, California in 1959 by the Doellstedt family, Richmond is a leading food manufacturer and global exporter to the US military. Richmond is led by the second generation of the founding Doellstedt family with 55 employees, and is supported by a deep, experienced management team that has had longevity at the company.
“As a family-owned business for more than 60 years, we take pride in putting our customers first – aiming to carry out the slogan 'To serve you is our pleasure'. We will continue this approach as Richmond embarks on this new partnership with IMB," said Rich Doellstedt, CEO of Richmond. "We are aligned culturally and have a common vision for the future of the military food space — which will magnify our comprehensive value!”