Colorado Boxed Beef Chief Information Officer

PALO ALTO, Calif., Oct. 28, 2020 /PRNewswire/ -- Altamont Uppercase Partners ("Altamont"), a middle market place private equity firm focused on making long term investments, today announced that its portfolio visitor, Colorado Boxed Beefiness ("CBBC" or the "Company"), a leading national provider of protein products, has merged with Quirch Foods, creating a leading U.S. distributor and exporter of poly peptide and ethnic nutrient products. Altamont originally invested in CBBC in 2017 and will retain an equity stake.

Founded in 1975, CBBC began as a protein supplier for the southeastern region of the U.S. and has since grown to become one of the leading suppliers of poly peptide products across the land. With more 1.4 million square feet of distribution space, CBBC has both a national and international footprint with facilities in Florida, Georgia, Oregon, Pennsylvania, Texas, and Washington. With Altamont's back up, the Company has significantly expanded its product offering and attain through both organic growth and complementary acquisitions.

Every bit office of the transaction, Frank Grande, President and CEO of Quirch Foods, volition lead the combined visitor. John Rattigan Jr., President and CEO of CBBC, has been named Chief Growth, Strategy, and M&A Officeholder. Mr. Grande and Mr. Rattigan volition work alongside the leadership teams of their operating companies, including Quirch Foods, Colorado Boxed Beefiness, Pacific Foods Distributors (PFD Opco), E.J. Foods Opco, Butts Foods, Prefco, Metro Webb Opco, The Corking Fish Co./Riptide Foods, Helmsman Freight Solutions, Phoenix Logistics & Cold Storage and IQ Foods.

"CBBC has consistently congenital on its long history of providing slap-up products and service to its valued customers," said Randall Eason, a Managing director at Altamont. "Nosotros are proud of what we have achieved together over the class of our partnership and are confident that CBBC is well-positioned for continued success as the Company enters this next chapter of growth."

Hunt Beeler, a Vice President at Altamont, added, "Nosotros saw an opportunity to partner with a strong team and impressive company and support them as they expanded their reach into new markets and diversified their product offering. It has been a privilege to work with John and the rest of the CBBC management team."

"Altamont's partnership has been instrumental in our success over the past few years," said Mr. Rattigan. "Nosotros look forwards to continuing this momentum and believe that this merger is an excellent upshot for both companies. Quirch Foods, backed by Palladium Equity Partners, is committed to creating the leading protein portfolio in the industry and we are excited to be function of this growth. Our leadership team remains in identify and we will proceed to offer our combined customers infrequent service while enhancing our production offering."

Terms of the transaction were not disclosed. Ropes & Gray served equally legal counsel to Altamont. Jefferies served equally exclusive financial advisor to CBBC and Shuffield Lowman served as legal counsel.

Near Altamont Capital letter Partners

Altamont Majuscule Partners is a private investment firm based in the San Francisco Bay Expanse with more than $2.5 billion of avails nether management. Altamont is focused on investing in middle marketplace businesses where information technology can partner with leading management teams to assistance its portfolio companies accomplish their total potential. The firm's principals have significant experience building business organisation success stories across a range of industries, including business organisation services, healthcare, consumer/retail, industrials, and financial services.

Well-nigh Colorado Boxed Beefiness

Founded in 1975, Colorado Boxed Beefiness began as a protein supplier in the southeast simply has proudly become ane of the leading suppliers of poly peptide products in the U.Due south. Utilizing over 1.4 one thousand thousand foursquare feet of distribution space, CBBC has both a national and international foot print with distribution facilities in Lakeland, FL; Wintertime Oasis, FL; Port Everglades, FL; Atlanta, GA; King of Prussia, PA; Houston, TX; Dallas, TX; San Antonio, TX; Clackamas, OR; and University Place, WA. Their collective of companies include Eastward.J. Foods Opco, The Great Fish Co./Riptide Foods, IQ Foods, Metro Webb Opco, Pacific Foods Distributors (PFD Opco), Prefco, and Phoenix Logistics & Cold Storage. Colorado'due south commitment to providing the best quality product to the industry led them to create branded programs 2nd to none. CBBC's brand offerings include Loftier River Angus, Diamond Reef Seafood, and The Bully Fish Co.

Visit coloradoboxedbeef.com, greatfishco.com, phoenixfl.com, highriverangus.com, diamondreefseafood.com, ejfoodsnw.com, pacfoods.com or follow us on Facebook.

About Quirch Foods®

Quirch Foods is a food distribution company servicing indigenous and national grocers as well as foodservice customers beyond the United States, the Caribbean area, and Central and Due south America. Quirch operates approximately 480 refrigerated trucks and over two.2 million square anxiety of combined distribution space through 21 facilities in Florida, Georgia, North Carolina, Tennessee, Alabama, Illinois, Texas, Washington, Oregon, and Puerto Rico. Quirch is the exclusive benefactor of High River Angus, McKinneys Beef®, Panamei Seafood®, Diamond Reef Seafood, Kikiriquirch® poultry, Jackson Farms™, Mambo Foods®, and is a licensed distributor of Certified Angus Beef® and Chiquita® Brands frozen Tropicals and Fruits.

Through IQ Foods' Suspended Fresh program, customers leverage innovative technology and processes to purchase and shop proteins for a subsequently delivery, with the production arriving "Fresh, Never Frozen".

Quirch operates through a family unit of well recognized companies. For more than data visit quirchfoods.com, coloradoboxedbeef.com, pacfoods.com, ejfoodsnw.com, buttsfoods.com, greatfishco.com, helmsmanfreightsolutions.com, and phoenixfl.com.

To learn more most our brands, visit: highriverangus.com, panamei.com, diamondreefseafood.com, mambofoods.com follow us on Facebook, Twitter, Instagram, LinkedIn, or phone call (800) 458-5252.

Contacts

Altamont
Jonathan Keehner / Kate Thompson / Julia Sottosanti
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

Quirch Foods
Jorge Roza
305-691-3535 ext. 2278
[email protected]

SOURCE Altamont Capital letter Partners

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Source: https://www.prnewswire.com/news-releases/altamont-capital-partners-completes-sale-of-colorado-boxed-beef-301161561.html

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