Falfurrias Management Partners, a private equity firm focused on growth-oriented, middle-market businesses, is investing in Young American Food Brands (formerly known as Miami Beef), a family-founded company with over 50 years in the protein industry. The investment marks Falfurrias' continued expansion into the packaged foods space.

Founded in 1972, Young American Food Brands has experienced significant growth over the past decade, expanding its portfolio from ground beef and patties to a diversified range of products, including hot dogs, sausages and smoked whole-muscle items such as prime rib, brisket and roast beef. The company is placing a strategic emphasis on expanding its offerings in organic, grass-fed and Wagyu beef products to meet evolving consumer demand for premium proteins.

In the last five years, Young American has completed multiple acquisitions. The company’s acquisition-driven growth positions it well within Falfurrias’ investment thesis focused on sustained demand in resilient industries. Robert Young will continue in his role as chief executive officer, leading the company into its next phase of growth.

"This partnership marks an exciting new chapter for our company," said Young. "While many still know us as Miami Beef, our evolution into Young American Food Brands reflects the growth and diversification of our business. We’ve built a strong foundation over the past five decades, and as we continue to invest in our future, bringing in an experienced partner like Falfurrias positions us to take the company to the next level.

"A key part of that growth will be adding additional facilities to our footprint to enhance our capabilities, better serve our customers, and expand our leadership in premium protein segments, including organic, grass-fed, and Wagyu products."

The investment will be supported by Bill Lovette, FMP partner, in his role as chairman of the board. Lovette brings deep expertise in the protein sector, having served as CEO of Pilgrim's Pride and earlier as an executive at Tyson Foods. Lovette is excited to partner with the Young family to build on the strong foundation they have established over the last five decades and help accelerate YAFB’s growth.

“We identified premium protein as a major category of interest based on our ongoing Industry First research. Consumer demand for grass-fed, organic, and premium-branded beef is outpacing total category growth, and Young American is well-positioned to deliver the highest-quality protein consumers deserve,” said Lovette. “We are excited to partner with Robert, the Young family, and the entire Young American team to broaden their reach.” 

“Our food practice is built around finding businesses in categories with durable, long-term tailwinds and partnering with management to drive the next phase of growth,” said Falfurrias Partner Chip Johnson. “Premium protein checks that box in a compelling way, and Young American is a platform well-positioned to capitalize on that demand with the right operational partner behind it.”

K&L Gates LLP served as legal advisors to Falfurrias on the transaction. Jefferies LLC served as exclusive financial advisors, and DarrowEverett LLP served as legal advisors to Young American Food Brands.

Source: Falfurrias Management Partners