MIAMI — Miami Beef Co. Inc., a subsidiary of Trivest Partners LP, has announced the acquisition of Brooklyn Burger and Devault Foods. Miami Beef produces fresh and frozen meat products to retail and foodservice customers nationwide through its brands Florida Raised, Young Ridge and Free Graze, at its Miami-based processing plant.
Brooklyn Burger primarily serves retail customers throughout the United States with frozen burger products, including Original Steakhouse Burgers, Wagyu Beef Burgers, Premium Blend Burgers and All Natural Angus Steakhouse Burgers.
Devault Foods supplies restaurants in the Northeast and Midwest with burgers, meatballs and steaks. Miami Beef plans to leverage Devault’s reputation to expand its presence in the foodservice industry.
“We are energized by these first two acquisitions for Miami Beef,” said Robert Young, chief executive officer of Miami Beef. “Brooklyn Burger and Devault Foods represent talented management teams, innovative products and very strong brands that we’re excited to continue building. Miami Beef has tremendous plans for growth through additional add-on acquisitions.”
Miami Beef’s parent company, Trivest Partners, operates out of offices in Miami, Charlotte, Chicago, Los Angeles, Philadelphia and Toronto. The private investment firm specializes in the growth of founder-led and family-owned businesses in the United States and Canada. Founded in 1981, Trivest has completed more than 500 investments, totaling approximately $8 billion in value with approximately $4.5 billion in assets under management.