Situation

GenRock invested in Quality Meats in 2019 and implemented a new credit facility at that time. Five years later, facing an upcoming loan maturity, Quality Meats sought a refinancing solution that would address its existing debt, fund capital investment for restaurant remodels, and position the Company for long-term growth. 

Engagement

G2 Capital Advisors (“G2”) was engaged in the fall of 2024 as the exclusive financial advisor to Quality Meats. Leveraging deep expertise in the quick-service restaurant (QSR) industry, G2 quickly developed a strategy tailored to Quality Meats’ needs. G2 conducted a comprehensive market assessment to identify strategic financing partners, managed a streamlined refinancing process, and delivered a customized financial structure that met both immediate priorities and future growth objectives. 

“We are proud to have partnered with Quality Meats and GenRock on this successful refinancing. This transaction highlights G2’s ability to deliver efficient and impactful outcomes by collaborating with market-leading organizations in sectors where we have deep subject-matter expertise.”, shared Heidi Piché, Managing Director of Consumer & Retail Investment Banking. Reed Upson, Managing Director of Capital Markets added, “By understanding our client’s immediate priorities and long-term goals, we were able to deliver a financing solution that positions the Company for continued success.” 

Outcome

G2 successfully secured a new financing solution for Quality Meats in partnership with Old National Bank. The capital solution includes a term loan and a development line of credit, providing flexibility to refinance outstanding debt, fund restaurant remodels, and support operational growth initiatives. 

Matt Ailey, Founder & Managing Partner at GenRock shared “G2 team’s speed, expertise, and hands-on approach were instrumental in navigating this important refinancing. The new capital structure enables us to invest in our restaurants, while continuing to deliver quality operations and drive strong financial performance.  We are also excited to work with Old National Bank as our new financing partner to continue to build and grow Quality Meats.”