Consolidated Investment Group
n 1975, David Merage co-founded Chef America, a national frozen food manufacturer known for inventing and marketing Hot Pockets©, Lean Pockets©, and Croissant Pockets©. At the time of its sale to Nestlé in 2002 for $2.6B, the company had reached $750 million in annual sales, employed 1,800 people, and was growing at a rate of 15% per year, making it one of the most successful food companies in the world. After the sale of Chef America, David Merage founded Consolidated Investment Group (CIG), a Denver-based investment management company specializing in capital markets, private equity, commercial real estate, and philanthropy.
CIG seeks optimal returns through direct investments, creative partnership structures, asset repositioning, fund investments, and other innovative techniques. CIG has been actively investing since 2003 and is managing a diverse investment portfolio. We invest domestically and internationally through operating partners, direct investment, and opportunistic funds. CIG’s permanent capital base allows us to take a disciplined, long-term investment perspective. Short-term performance, while important, is not given priority over CIG’s longer-term investment horizon and objectives.