Press Release
December 20, 2018

Holland & Knight Represents Quirch Foods in Deal with Palladium Equity Partners

Holland & Knight

MIAMI (December 20, 2018) – Holland & Knight represented Miami-based Quirch Foods, Co., a leading distributor and exporter of protein and Hispanic food products, and the Quirch family in connection with a significant investment by New York-based Palladium Equity Partners, LLC. The deal closed on December 20.

Palladium will partner with Quirch to help expand the company's market reach via a series of growth initiatives, including expansion into new product offerings and geographies, and potential acquisitions in the food distribution industry.

Quirch distributes beef, pork, poultry, seafood and other retail products to independent and ethnic grocers in the U.S. and Puerto Rico, U.S. national retailers and Latin American export markets. The company's extensive portfolio of owned and licensed brands includes Panamei Seafood®, Mambo® and Chiquita Frozen®.

Palladium is a middle market private equity firm with approximately $3 billion in assets under management. The company's current and past investments in the food industry include Spice World, Kar's Nuts, Del Real Foods, GoodWest Industries, Teasdale Foods, Sahale Snacks, Wise Foods and Castro Cheese.

Holland & Knight's representation of Quirch was led by Partners David Barkus and Jordan Taylor, and Senior Counsel Marybeth O'Keefe. Tax Partner Bill Sherman also assisted.

"Quirch Foods, Co. has been wholly-owned and operated by the Quirch family for more than 50 years and the Quirch family are pillars of our community," said Mr. Barkus. "Our firm is very proud to have been entrusted with representing the family and the company in connection with this transaction."

Attorneys in Holland & Knight's Private Equity Practice act as trusted legal and business advisors to funds, portfolio companies, family offices, independent sponsors and other investors. The practice, which has a mostly middle-market focus, recently launched HK Deal Flow®, a unique program that facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.

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