May, 2020

Third Coast Capital Advisors served as exclusive financial advisor to Quirch Foods LLC, a portfolio company of Palladium Equity Partners, in its acquisition of Butts Foods. Our Acquisition Search services included identifying the target and making contact with its owner, as well as providing assistance on valuation, transaction structure and the negotiation and closing of the transaction. This transaction is a good example of our ability to identify and execute proprietary, strategic add-on acquisitions for private equity portfolio companies.  

Butts Foods, based in Jackson, Tennessee, is a full-service protein distributor serving national and independent grocery stores and regional distributors in the Southeast and Midwest since 1935.  Products include more than 2,000 SKU’s of poultry, beef, pork, fish, turkey, vegetables, smoked meats, cheese and oils. The company serves its customers through five distribution facilities throughout Tennessee, Alabama and Mississippi. 

Quirch Foods, based in Miami, Florida, is a distributor of packaged foods, poultry, pork, seafood, beef and deli items to independent and chain supermarkets, food service distributors, processors and manufacturers across the United States, the Caribbean, and Central and South America. With one of the most extensive portfolios of brands for a distributor of its type and size, Quirch operates six distribution facilities with over 700,000 square feet of refrigerated warehouse space and a fleet of more than 120 refrigerated trucks. Quirch Foods ® is the exclusive distributor of Chiquita ® Brands frozen Tropicals and Fruits, Panamei ® Seafood, Kikiriquirch ® poultry and Mambo ® Foods.