Description: Established
in 1978, Market Day Corporation is a leading,
value-added marketer and distributor of
restaurant quality food products sold to assist
schools, youth and community organizations
with their fundraising efforts. The Company
offers more than 150 items such as desserts,
frozen meats, seafood, poultry and breakfast
foods.
Background/Purpose: Prior
to partnering with ShoreView, Market Day
was a company in transition, and was seeking
a financial partner to help structure a
management buyout of the company, raise
needed capital for growth, and provide
liquidity to shareholders who wanted to
reduce their role in the business. ShoreView
structured a deal allowing the
founding shareholders to achieve significant
liquidity, while transferring a percentage
of the ownership to key managers.
Growth
Strategy:
Expand into new geographic markets
Launch new fundraising programs to compliment
its traditional monthly program and provide
its customers with a broad offering of fundraising
services.
Results:
Successfully introduce new fundraising
programs
Assisted the management team in hiring
an additional executive