National Steak Processors, LLC

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National Steak Processors, LLC - overview

Established

1980

Location

Owasso, OK, US

Primary Industry

Food

About

National Steak Processors, LLC specializes in providing tailored protein solutions, focusing on fully cooked chicken, beef, and pork products for the food service industry, primarily in the United States. Founded in 1980 and headquartered in Owasso, US, National Steak Processors, LLC offers customized protein solutions to food service operators. The company has engaged in 2 deals, with its latest funding round being an Add-on investment of USD 16. 00 mn from Premium Brands Holdings Corporation.


NSP specializes in providing customized protein solutions, including fully cooked chicken, beef, and pork products tailored to meet specific customer requirements. Their offerings encompass a diverse range of options such as fully cooked chicken in various cuts and flavors, raw steaks, and a selection of heat-and-serve beef products, which include smoked, cured, and corned variations. The pork line features distinctive products aimed at enhancing menu appeal, such as bold pizza toppings and crispy pork fritters. NSP’s core customer base consists primarily of food service operators, including national quick-service and fast-casual restaurant chains, primarily in the United States but potentially extending to other markets.


The company's approach focuses on building partnerships that emphasize collaboration and innovation, ensuring that their products not only meet but also exceed customer expectations. NSP generates revenue through a B2B model, primarily partnering with food service companies that require bulk protein supplies. The transaction structure often involves agreements where NSP provides customized protein products that are delivered directly to clients, ensuring consistent fill rates and reliable supply management. Partnerships are fostered through ongoing collaboration, with NSP being responsive to client needs and emergencies, which enhances the value of their offerings.


NSP's flagship products, including their branded grilled chicken, are priced competitively to reflect the quality and customization available, although specific pricing details are not disclosed. The revenue model is built around maintaining long-term relationships with clients, facilitating regular orders, and fulfilling distributor requirements efficiently. The recent acquisition of National Steak Processors, LLC by Tillridge Global Agribusiness Partners is expected to support strategic growth initiatives. Plans include the design and launch of new product lines aimed at capturing emerging market trends within the protein sector.


Specific new markets are targeted for expansion, particularly into regions where demand for customized protein solutions is increasing. Recent funding will be utilized to enhance production capabilities and develop innovative offerings, aligning with industry demands.


Current Investors

Premium Brands Holdings Corporation, Tillridge Global Agribusiness Partners

Primary Industry

Food

Sub Industries

Meat, Poultry & Seafood Products

Website

www.nspproteins.com

Verticals

E-commerce, Manufacturing

Total Amount Raised

Subscriber access only

National Steak Processors, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, LP Direct, Trade SaleCompletedNational Steak Processors, LLC-
BuyoutCompletedNational Steak Processors, LLC-

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