Patriot Capital is pleased to announce a new subordinated debt and equity co-investment in Eddy Packing Company. Patriot's investment supported Insight Equity's acquisition of Eddy, in partnership with incumbent management and industry veteran Jim Reed, who will serve as CEO of the Company.

Headquartered in Yoakum, Texas, Eddy is a value-added processor of smoked, cooked, and fresh pork, beef and poultry products. The Company's products are available in refrigerated and frozen formats and are found under brands such as Eddy, Carl's, Morales, and James' Smoked Sausage as well as a variety of private label brands. Eddy serves a balanced mix of foodservice, contract packing, and retail customers and its products can be found in regional and national grocers, wholesale clubs, and restaurants across the United States.

About Patriot Capital

Patriot Capital is a leading provider of growth capital to small and medium-sized privately-held companies seeking to finance business expansion, acquisitions, management buyouts and balance sheet recapitalizations. Our senior deal professionals each have more than 20 years of corporate finance and operating experience, enabling us to provide the companies that we invest in with seasoned business judgement as well as strategic capital. Patriot Capital typically invests $5 to $20 million in the form of subordinated debt and equity and we can arrange larger transactions through relationships with our limited partners.