Industrial Opportunity Partners Recapitalizes Charcuterie Artisans
September 9, 2025
Industrial Opportunity Partners (IOP) led a recapitalization of Charcuterie Artisans, the parent of Creminelli Fine Meats and Del Duca, acquiring the company’s assets and assuming majority ownership alongside capital partners Oaktree Capital Management, Sandton Capital Partners and Contrarian Capital Management. The transaction eliminated approximately $200 million of debt, secured a new working capital facility from PNC Business Credit, and positions Charcuterie to expand capabilities, strengthen customer partnerships and invest in growth across its premium charcuterie portfolio. Jeff "Trip" Tripician was appointed CEO to lead the company’s next phase.
- Buyers
- Industrial Opportunity Partners, Oaktree Capital Management, L.P., Sandton Capital Partners, LP, Contrarian Capital Management, L.L.C.
- Targets
- Charcuterie Artisans
- Industry
- Food & Beverage
- Location
- Rhode Island, United States
- Transaction Type
- Recapitalization
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