Incorporated in the 1890's, North Side Foods was a meat processing facility established by the Hofmann family in the North Side of Pittsburgh, PA. Over the years North Side Foods provided top-quality pork products to customers all over the world including some of the biggest names in the foodservice industry. The company had operations in both Pittsburgh, PA and Cumming, GA prior to its sale to Smithfield Foods in 1998. After the sale to Smithfield Foods, the Hofmann family continued to manage the newly formed North Side Foods Business Unit until 2020.
Established in 1996, Armada Supply Chain Solutions was a supply chain operations and logistics company. It's primary focus was the foodservice industry, with a customer base consisting of some of the largest names in the industry. The Hofmann family continued to manage this business until it's sale in 2012.
Founded in 2004, CleanTown USA was Pittsburgh's premier destination for people and their vehicles, having been formally recognized numerous times. Since it's inception CleanTown USA delivered unmatched car care and thoughtful attention to cleanliness of each car and customers comfort and complete satisfaction. The Hofmann family owned and operated this business until it's sale to Express Wash in 2022.
Yellow Lab Investments were initial partners in The Healing Center which was founded in 2013 by Chris Kohan and Jay Richards. The venture initially started in 2010 and began with advocating the PA state legislature to pass medical cannabis legislation for Pennsylvanians suffering from debilitating conditions. The Healing Center owned and operated three of the Pittsburgh-metro area's most highly productive and award winning dispensaries prior to its sale to Verano Holdings in 2021.
Yellow Lab Investments currently owns and manages several rental properties in Pittsburgh, PA and Juno Beach, FL. We pride ourselves in attention to detail when it comes to rental property management, ensuring that we always meet and exceed the needs of our long standing tenants. We are always exploring new property management investment opportunities and eager to make additions to our portfolio.
Growing up around the great sport of hockey, the Hofmann family was pleased to Join the Lemieux Group LP in 1999 to save the sport of hockey in Western Pennsylvania with the acquisition of the Pittsburgh Penguins. This investment was challenging at times but was always very near and dear to our hearts, culminating with three Stanley Cup Championships and a new state of the art arena for the Penguins and the city of Pittsburgh. We are proud to see that our investment played a small part in keeping the Penguins in Pittsburgh now and well into the future. In 2021, Fenway Sports group purchased controlling interest in the Penguins and the Hofmann family chose to stay involved as minority investors.
Through our partnership with Schneider Downs, Yellow Lab Investments has made several significant investments in residential property developments throughout the United States. We are always engaged in discussions about new property development opportunities and strategical plan to participate in 2-4 opportunities each year.
In 2024, Yellow Lab Investments was excited to invest with Tail End Capital Partners in Fenix Parts, who is the 2nd largest US-based recyclers of OEM automotive parts. The company has 28 US locations primarily in the East Coast. We are excited to utilize our resources to help Fenix Parts continue their growth journey.
Growing off our success with The Healing Center in the medial cannabis field, in 2018/2019, Yellow Lab Investments teamed up with Crowne Capital Partners and Monarch Management Partners on three separate medical cannabis opportunities. Through Crown Capital Partners we invested in Terrapin who is a Colorado-based multi-state operator in the cannabis industry. With Monarch Management Partners we invested in Moxie and Organic Remedies. Moxie is a leading multi-state cannabis brand with over 80 global accolades. Organic Remedies is a vertically integrated Missouri cannabis operator with several dispensaries in addition to growing and processing facilities.
In 2019, Yellow Lab Investments significantly supported the acquisition of Advanced Communications who is a growing wireless infrastructure company headquartered in Baltimore, MD, with a second support facility located in Jupiter, FL. Advanced Communications provides several of the largest US wireless carriers with complete end-to-end services from site design, engineering, construction, deployment, upgrades and on-going support and maintenance. The company specializes in building public and private wireless networks for carriers, governments, energy companies, utilities and OEM's.
Flag & Anthem was founded in 2016 as a premium quality manufacturer of men's and women's apparel. Yellow Lab Investments partnered with the company in 2020 to help grow their sales across all retail channels, including brick-and-mortar, direct-to-consumer and subscription. Flag & Anthem products can be found throughout the country in Nordstrom, Dillard's and other leading department outlets.
Magarac Venture Partners is a VC firm that focuses on seed and early growth stage investments. They provide their investors with diversified exposure to the fastest growing tech ecosystem in the US. Yellow Lab Investments joined the fund in 2022.
For the past 53 years, the McCarthy Agency has provided surety services and products in Western Pennsylvania, Northeast Ohio, and Northern West Virginia through thousands of projects in various economic cycles. In 2021, Yellow Lab Investments acquired the agency to carry the McCarthy legacy into the future. The newly named McCarthy Hofmann Agency works with the leading surety companies and continues to support our client base with reliable and innovative surety insurance advice.
Bread by Johnny South is a bread manufacturing facility in West Palm Beach, FL that specializes in producing high-quality sourdough bread from artisan ingredients. In 2024, Yellow Lab Investments partnered with Johnny VanCora to help meet the growing wholesale and retail needs by expanding the business further south.