Press Release

SSG Advises on the Recapitalization for Amoroso’s


SSG Advisors, LLC (“SSG”) acted as the investment banker to Amoroso’s Baking Company and Quattro Foods Group, LLC (collectively “Amoroso’s” or the “Company”) in the Company’s recapitalization. The funding was used to refinance existing indebtedness and provide additional liquidity for growth. The transaction closed in January 2023.

Established in 1904 and headquartered in Bellmawr, New Jersey, Amoroso’s is a Greater Philadelphia-based, fully-integrated manufacturer and distributor of hearth-baked bread, rolls and bagels. Amoroso’s is known for its high-quality end products and is one of North America’s largest family-owned bakeries. The Company is a leader in the space and a partner of choice for numerous middle-market and blue-chip wholesale / retail companies in all 50 states and several foreign countries.

SSG was retained in October 2022 to assist with the refinancing of the Company’s existing indebtedness. After receiving and evaluating numerous competitive term sheets, SSG’s experience working with the Company and its shareholders in facilitating a flexible financing alternative resulted in a transaction that retired its traditional bank debt, while providing incremental liquidity to support various growth initiatives.

Other professionals who worked on the transaction include:

  • Rosemary J. Loverdi, Roger F. Wood, Joseph H. Jacovini, Graham R. Laub, Lawrence G. McMichael and Anne Marie Aaronson of Dilworth Paxson LLP, counsel to the Company; and
  • Michael E. Jacoby and Kevin Barr of Phoenix Management Services Inc., financial advisor to the Company.