Houlihan Lokey Advises Carnivore Meat Company

Houlihan Lokey’s Consumer, Food & Retail Group is pleased to announce that Carnivore Meat Company (Carnivore) has received an investment from Arbor Investments (Arbor). The transaction closed on November 23, 2021.

Carnivore is an award-winning manufacturer of premium frozen and freeze-dried raw pet food and treats. Located in Green Bay, Wisconsin, the company’s rapidly growing brands include Nature’s Advantage®, Vital Essentials®, VE RAW BAR™, and Vital Cat®. The company also supplies co-manufacturing customers and provides private label products to key retailers globally. Carnivore has been awarded with the Wisconsin Manufacturer of the Year Award, the Governor’s Export Achievement Award, and inclusion in the Inc. 5000 Fastest Growing Private Companies.

Founded in 1999 with offices in Chicago and New York, Arbor Investments is a specialized private equity firm focused exclusively on acquiring premier companies in food, beverage, and related industries. Since inception, the firm has acquired or invested in over 80 companies in North America.

Houlihan Lokey served as Carnivore’s exclusive financial advisor and assisted in negotiating the transaction on behalf of the company.