Westport, CT – April 5, 2022 —Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a senior secured credit facility with Stanz Foodservice (“Stanz”) and Troyer Foods (“Troyer”), two leading regional food and non-food distributors located in Indiana.

The new capital partially funded Steinbeck Investment Company’s (“Steinbeck”) acquisition of both companies and will provide additional liquidity to support future growth of the combined platform. The bespoke facility includes a revolver, term loan, and delayed draw term loan.

“Great Rock quickly customized a structure that supported our acquisition and will provide Stanz and Troyer additional liquidity to capitalize on the operating efficiencies from the successful merger,” said Megan Horvath, Partner at Steinbeck. “We are excited about our financial partnership and what it entails for the long-term growth of both portfolio companies.”

“Stanz and Troyer have each built an industry-leading food service business in the Midwest,” said Stuart Armstrong, CEO of Great Rock Capital. “The Steinbeck investment, Great Rock’s capital, and the merger of Stanz and Troyer will enable these well-established businesses to achieve new levels of growth, and we look forward to playing a role in their future success.”

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About Great Rock Capital

Great Rock Capital is an asset-focused commercial finance company specializing in serving the needs of middle market companies with a wide variety of secured lending products. Great Rock Capital provides fast, flexible, and creative financing solutions to maximize its customers’ liquidity to enable them to better execute their business plans. To learn more, visit www.greatrockcapital.com.

About Steinbeck Investments Company

Steinbeck Investment Company is an independent sponsor making control investments in consumer products, commercial services, healthcare and distribution. Steinbeck is pioneering the intersection of private equity investing and collaborative operating involvement and is fully committed to protecting past legacies while accelerating new growth for the companies. To learn more, visit https://steinbeckinvestco.com/. Follow us on LinkedIn: https://www.linkedin.com/company/steinbeck-investments/.

About Stanz Foodservice

Stanz Foodservice began in South Bend, IN, in 1923 by brothers Emil and Henry Stanz. What started as a cheese company has transitioned into one of the Midwest's largest and most respected independent food service distributors. Stanz was a family-owned and operated business with leadership now in the third generation.  For more information on Stanz Foodservice: www.stanz.com.

About Troyer Foods

Troyer Foods was founded in 1948in Vandalia, MI, by brothers Elroy and Al Troyer. By 1958 Elroy had purchased and moved the company to Goshen, IN, where they focused on poultry and other retail proteins. Over the past 20 years, Troyer's has added food service to its product and customer mix. For more information on Troyer Foods: www.troyers.com.

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