NEW YORK – International investment firm TowerBrook Capital Partners LP announced on Dec. 14 that it made a majority equity investment in Demakes Enterprises LLC.

The Lynn, Mass.-based company develops and manufactures more than 250 specialty protein products under three brands, Old Neighborhood, Waterhill Organics and Thin N’ Trim, along with private-label products. The fourth-generation butcher shop started in 1914.

“We believe TowerBrook is an ideal partner for Demakes given the firm’s track record of scaling family-owned businesses and significant knowledge of the food space,” said Andrew Demakes, chief executive officer of Demakes Enterprises. “My brothers and I look forward to partnering with TowerBrook to build upon the legacy of the company by expanding the reach of our distribution channels and bringing our high-quality, innovative protein products to more customers across the US.”

Along with Andrew, Elias Demakes, vice president of sales, and Timothy Demakes, vice president of plant operations, will continue managing the company in their current leadership roles while maintaining a minority stake, according to TowerBrook.

Demakes’ products are adapted to consumers’ growing demand for “better-for-you” products (organic, antibiotic-free) and convenience (ready-to-eat, ready-to-cook). The company remains a necessary supplier to grocery retailers and foodservice distributors.

“We are thrilled to partner with the Demakes family to continue to build on the company’s legacy,” said Michael Recht, managing director of TowerBrook. “Over the last century, Demakes has consistently delivered an innovative portfolio of products that resonate with US consumers’ increasing demand for convenient, health-conscious choices. We believe that combining the company’s core strengths with our experience scaling and growing consumer brands will foster an exciting phase of expansion both organically and through targeted acquisitions in coming years.”