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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