AdvancePierre: Case study in successful restructuring

November 13, 2012

William Toler is CEO of AdvancePierre Foods, which, according to its website, is a fully integrated manufacturer of value-added proteins, Philly Steaks and handheld sandwiches. Matthew Wilson is managing director of Oaktree Capital Management, L.P., majority shareholder in AdvancePierre. The two shared the podium at the November 8, 2012 luncheon meeting of the Economic Club of Phoenix, to tell the AdvancePierre story. The company was formed through the acquisition of three family-owned food businesses, and despite starting at the beginning of the recent recession, the company is very successful. The Economic Club, associated with the W. P. Carey School of Business at Arizona State University, is a forum for the exchange of ideas about business and the economy.