Shoreline Equity Partners has partnered with management to acquire Engelman Baking Company, Inc. Headquartered in Norcross, Georgia, Engelman’s is a wholesale bakery offering a complete line of fresh and frozen bread products primarily serving the foodservice industry in the Metro Atlanta area with select customers served on a national basis. Founded in 1982, Engelman’s has grown to over 100 employees and services approximately 1,000 customers through a 50,000 sq. ft. SQF level II production facility.
Mike Hand, managing partner at Shoreline said: “With a 200-year legacy in the bakery space, Sammy has built an extraordinary business alongside the rest of the management team at Engelman’s. The company’s product quality and service to their customers is second to none, and we are grateful for the opportunity to partner with Engelman’s to continue to capture the Atlanta market as well as to expand across the Southeast region.”
Sammy Engelman, founder and CEO of Engelman’s said: “For nearly 40 years, we have remained committed to building a best-in-class bakery delivering high quality products and service to our customers. We are very excited to partner with Shoreline to execute on our growth strategy while remaining committed to delivering world-class service to our customers. Our partnership with Shoreline will give us the resources to take the next step at Engelman’s and to further expand our reach both locally and regionally.”
Jim Grien, president and CEO of TM Capital as well as an advisor to Engelman’s said: “From day one, Sammy emphasized the importance of identifying a partner committed to honoring the extraordinary legacy of the Engelman’s brand while exploiting the many growth opportunities ahead. Sammy selected Shoreline in recognition of their team’s expansive view of the art of the possible for Engelman’s, and their remarkable track record of success in partnering with entrepreneurs. Shoreline’s integrity throughout the journey from IOI to closing affirm the wisdom of Sammy’s choice.”