The 113-year-old Sabatino to Continue Growing its Three Divisions of Food Service, Commercial and CPG under Federico Balestra’s Leadership. The partnership is also joined by Three Hills Capital Partners.
West Haven, CT, April 13, 2023
West Haven, CT, April 13, 2023 – Sabatino Tartufi (Sabatino) announced today it has received an investment from Traub Capital Partners (TCP), a strategic private equity firm focused exclusively on the branded consumer sector. Traub Capital Partners along with the Balestra family will leverage Sabatino’s authentic Italian history, powerful track record and reputation for creating the highest quality products as part of its vision to bolster and further invest in all lines of business currently operated by the company. The Balestra family and TCP are joined by Three Hills Capital Partners (THCP), an innovative provider of capital solutions to successful entrepreneur- and family-led businesses.
The Balestra family will leverage TCP’s strategic and operational expertise in the CPG, hospitality and lifestyle fields and will continue to be led by CEO Federico Balestra and his sister Giuseppina Balestra (in Italy). Sabatino’s talented leadership team and workforce will remain in place based out of West Haven, Connecticut as well as in Montecastrilli, Italy.
"We are proud to partner with Sabatino, a clear leader in the fine foods world,” said Mortimer Singer, Co-Managing Partner of Traub Capital Partners. “Sabatino’s commitment to quality and innovation align with TCP’s philosophy and approach. We believe we are uniquely positioned to actively support Sabatino in achieving their strategic growth plans.”
TCP is the ideal partner for Sabatino as they have a history of backing companies in the aspirational lifestyle categories,” said Sabatino’s CEO Federico Balestra. “Our new partners will provide us with strategic capital and will ensure clients and consumers are supported to the highest degree. Truffle is not just a food, but an experience; and we are now in a position with this unique partnership to broaden the reach of the truffle experience more than was ever possible before.”
The investment by TCP will allow Sabatino to invest in its facilities and
infrastructure, but also in elevating brand awareness and distribution of its
products.
About Sabatino: Sabatino Tartufi is the world's largest truffle specialist and is
still family operated. Sabatino Tartufi carries only the most highly regarded truffle
species and offers a range of high-quality truffle products. The most renowned
chefs use Sabatino’s broad assortment of products in the finest kitchens in the
world. The company also offers consumers the opportunity to use these products
in their own kitchens with a line sold at specialty stores nationwide. Sabatino has
proven that just the slightest touch of truffle can allow consumers worldwide to
experience the magic of one of the world’s rarest flavors.
About Traub Capital Partners: Traub Capital Partners is a New York-based private equity firm that specializes in building value in consumer companies. The firm's differentiated approach integrates deep consumer-focused operating experience within the investment process to unlock opportunities and apply tactical resources to execute them for the benefit of our investors. The fund targets investments in companies with revenue between $50 and $250 million. To learn more about Traub Capital Partners, visit www.traubcapitalpartners.com
Contact:
Jonathan Marino
Prosek Partners
jmarino@prosek.com