July 2019  
LaSalle Capital Exits DeIorio
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July 24, 2019 – Chicago, IL – LaSalle Capital (“LaSalle”) is pleased to announce the sale of its portfolio company, DeIorio Foods, Inc. (“DeIorio” or the “Company”), to an investment group led by Rudolph Capital. DeIorio, headquartered Utica, NY, is a leading supplier of premium frozen dough products sold throughout the country.

Under LaSalle’s ownership, DeIorio significantly grew sales in both the foodservice and retail channels nationally and expanded its production capabilities, including gluten free and plant-based products. George Lampros, DeIorio’s CEO, stated, “It was a pleasure working with the LaSalle team to build the leading frozen dough supplier in the northeast. The entire DeIorio team enjoyed our partnership with LaSalle Capital. LaSalle provided strategic support and capital required to effectively grow in the evolving frozen dough market. We had an excellent relationship with LaSalle and our board of directors and remain very bullish about the opportunities that lie ahead for the Company.”

Jeff Walters, Managing Partner at LaSalle, commented, “It has been remarkable to witness the transformation of DeIorio from a regional manufacturer of predominately frozen dough balls sold to local restaurants, to a national supplier of diverse, premium frozen dough products. I give a lot of credit to the DeIorio management team for shaping the business into what it is today.” David Murav, Principal at LaSalle, added, “DeIorio is as well positioned as it has ever been, and we wish the team continued success through this next chapter of growth.”

If you have questions regarding this transaction or would like to discuss other opportunities in the food industry, please contact Jeff Walters or David Murav of LaSalle Capital at (312) 236-7041.

LaSalle Capital is a leading private equity firm with extensive experience in the lower middle market. We currently manage two funds totaling over $345 million in capital. We have a proven track record of partnering with management teams to increase value in our companies by providing strategic operating focus and driving growth organically and through acquisitions. We have domain expertise and investment focus in two industry sectors: food & beverage and technologyenabled business services.

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