Pacific General Announces Strategic Investment in Old World Provisions
NEW YORK, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Pacific General, a New York-based investment firm specializing in consumer and industrials private equity investments, announced today that it has invested in Old World Provisions Inc. (“OWP” or the “Company”) as a strategic growth partner together with S Food Inc. (“S Food”), a leading South Korean food manufacturer focused on value-added meat products and high-quality food ingredients.
Founded in 1942 in New York, OWP is a family-owned value-added meat processor known for its high-quality pastrami, roast beef, specialty smoked meats, poultry, and other deli products. The Company maintains long-standing relationships with national food service and retail customers.
Pacific General worked closely with both OWP and S Food to structure a strategic partnership to support the Company’s growth, centered on operational continuity, strategic alignment, and long-term value creation. The partnership combines OWP’s established U.S. production and distribution platform, S Food’s product development expertise and large-scale operating capabilities, and Pacific General’s sector expertise in the food industry, creating a robust foundation for the next phase of growth.
Through this partnership, OWP will continue to invest in product innovation, technology, and operations, including the selective introduction of Korean-inspired, value-added offerings tailored for the U.S. market, while exploring opportunities to broaden OWP’s distribution footprint across the U.S. and select international markets.
“Pacific General played a critical role in shaping this partnership from identifying strategic fit to thoughtfully structuring a transaction that aligns longer-term objectives across all parties,” said Seth Shuket, President of Old World Provisions.
“This investment reflects Pacific General’s disciplined approach of first developing an in-depth understanding of the underlying business, identifying its core-strengths and crafting a long-term strategic growth strategy supported by the right strategic partner,” said Matthew Yoon, Managing Partner at Pacific General. “Also, by working closely with the shareholders of OWP and S Food, we were able to thoughtfully structure a transaction that aligned the interests of all stakeholders, navigated a complex set of considerations and positioned the business for growth while preserving operational continuity.”
Dajeong Lee, Partner at Pacific General added, “This investment highlights Pacific General’s ability to leverage its deep sector expertise and international presence to bring a differentiated growth angle that builds on a company’s long-standing legacy. We are excited to closely work with OWP and S Food to support the Company’s next stage of growth and unlock its full long-term potential.”
Foley Hoag LLP served as legal counsel to Pacific General. Lafayette Square provided senior financing in support of the transaction.
About Old World Provisions
Old World Provisions, based in Troy, New York, is a producer of specialty meats, franks and sausages, poultry, and authentic New York delicatessen offerings for customers across the United States and internationally.
About Pacific General
Pacific General is an investment firm focused on real estate and private equity investments across consumer, industrials, and business services. The firm specializes in sourcing, structuring, and investing in opportunities with an emphasis on cross-border value creation. Pacific General operates from offices in New York and Seoul.
Contact
Kate Rosenthal
krosenthal@pacificgeneral.com
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