Levy Capital Partners Announces Completion of Transactions for Norbest

The remaining equity in the new company will continue to be owned by the 37 turkey growers who previously owned Moroni Feed Company

Levy Capital Partners, LLC, a new merchant banking firm specializing in M&A and financings for leading growth companies, announced that it has completed financing and related transactions for its client Norbest, Inc., a grower, processor and marketer of turkeys. In the transaction, J.D. Heiskell Holdings LLC ("Heiskell") and AMERRA Capital Management, LLC ("AMERRA") each acquired minority interests in a newly formed company named Norbest, LLC ("Norbest") which will own substantially all of the assets of Norbest, Inc. and Moroni Feed Company. The remaining equity in the new company will continue to be owned by the 37 turkey growers who previously owned Moroni Feed Company.

Matthew Cook, Chief Executive Officer of Norbest, commented, "We are excited to partner with both Heiskell and AMERRA given their deep knowledge of the agricultural markets and food supply chain. As Norbest pursues a new phase of growth and expansion to meet our customers' demand for top quality, healthy turkey products, we are excited to have partners who are committed to Norbest's future success."

Gary Cox, former Chairman of Norbest, Inc. and Moroni Feed Company, commented, "We would like to thank Levy Capital Partners for the outstanding work they did for our company. The firm provided not only top-tier advice and investment banking capabilities, but also an intense level of focus every step of the way. Their dedication to our objectives enabled us to achieve the best possible outcome for our shareholders."

"We are pleased to have orchestrated a transaction that enables Norbest to address its key shareholder objectives," said Michael Levy, Managing Partner of Levy Capital Partners. "The transaction provides Norbest with capital to support the company's expansion initiatives, and we believe the partnership with Heiskell and AMERRA will augment the company's opportunities for growth and value-creation in the future."

Specific terms of the transaction were not disclosed. Norbest, Inc. was advised by Levy Capital Partners in connection with this transaction.

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