Stonegate Capital made an $8,637,500 senior debt investment in Monogram Capital Partner’s portfolio company, Country Archer Provisions.

Headquartered in San Bernardino, Calif., Country Archer crafts its jerky and meat snacks with 100% grass-fed beef, all-natural turkey, and real ingredients free of any artificial preservatives, gluten, nitrates or MSG. The No. 1, better-for-you jerky brand in the category, and the leading brand in the  natural channel with the top five selling items, Country Archer has shown continued growth with its innovative portfolio expansions. Most recently Country Archer launched a new line of Zero Sugar Beef Jerky, available in mouth-watering flavors such as tangy Mustard BBQ and Spicy Sesame Garlic, which has been soaring off of store shelves.

Facing accelerated demand, the Company used the proceeds of the credit facility to finance inventory purchases, increase production capacity, and invest in new product development.  Shortly after initial  closing, Country Archer expanded the facility an additional $2 million via Stonegate's flexible quick-access accordion feature.

“Stonegate is elated to add another leading brand in the better-for-you snack space to our portfolio,” adds Andrea Hedrick, CEO of Stonegate Capital. "The rapid door expansion, increased in-store velocity, and new product launches made Country Archer the perfect fit for our portfolio of high-growth consumer products. We remain steadfast in our support of entrepreneurs and businesses that have established significant brand value in their respective markets. 2021 will continue to be a year of expansion in this space, and we are looking forward to driving additional capital in support of these businesses."