Midwest Perishables, Inc.

Our team advised Midwest Perishables on its sale to Weinstein Wholesale Meats.

Midwest Perishables

Transaction Details

Sell-Side Advisor

Year: 2022

Hedquarters: Madison, WI

Client: Midwest Perishables, Inc.

Industry: Business Services

Overview

Completed by the Vantage Investment Banking team under a prior firm, Midwest Perishables, Inc. (“MPI”), a regional wholesale food distribution, logistics, and warehousing provider, has been acquired by Weinstein Wholesale Meats.

About Midwest Perishables

Midwest Perishables is a regional wholesale food distribution, logistics, and warehousing business primarily serving grocery stores and other specialty retailers throughout its markets of focus. Based in Madison, Wisconsin, MPI has established relationships with industry-leading poultry, pork, and beef producers, in addition to a diverse set of specialty food vendors seeking distribution for its products. Since being established as a specialty wholesale food distributor in the early 1980’s, the Company’s business offering has expanded over the years with the addition of freight and logistics services, warehousing capabilities, and cold & frozen food storage services. 

About Weinstein Wholesale Meats

Weinstein Wholesale Meats is a long-standing meat processing and distribution company based in Forest Park, Illinois, founded in 1959 and historically known for supplying beef, pork, poultry, and other proteins to regional customers.

Deal Team

Vantage Investment Banking

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Alex Penkwitz

Vice President & Co-Founder

262-339-8772

Biography

Working in the middle market investment banking industry since 2020, Alex is responsible for leading the day-to-day execution of M&A transactions for the Vantage Investment Banking team. His responsibilities span all phases of the transaction process, including financial modeling and valuation analysis, preparation of marketing materials, buyer and investor outreach, and coordination of due diligence activities. He plays a central role in managing timelines, facilitating communication between clients and counterparties, and supporting negotiations to ensure smooth execution.

Alex has advised on more than 25 M&A, Debt Placement, and Capital Raising transactions across multiple industries, including industrials & manufacturing, business services, technology & IT services, consumer products, and food & beverage. His experience working with both privately held businesses and institutional investors gives him a well-rounded perspective on the strategic, operational, and financial considerations that drive successful outcomes.

Alex holds a BBA in finance from Marquette University, centering his education around investments and participating in the Accelerating Ingenuity in Markets (AIM) Program. 

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