Sorenson Capital, a Salt Lake-based private equity firm, said Tuesday it has "become a significant investment partner" in Michael's Finer Meats and Seafoods, based in Ohio.

Financial terms of the investment were not disclosed. Key members of the Michael's leadership team will retain an ownership stake in the company and continue to direct the company's operations.

Michael's was founded in 1962 and provides beef, seafood and poultry for restaurants, hotels, resorts, country clubs, casinos and caterers throughout the country.