Sorenson Capital Partners has sold Michael’s Finer Meats, a supplier of center-of-the-plate meats and seafood, to The Chefs’ Warehouse, a distributor of specialty food products to independent restaurants.
Michael’s Finer Meats is a Midwestern supplier of center-of-the-plate meats and seafood to premium restaurants, country clubs, high-end hotels, caterers and casinos. The company’s product offering includes beef, fresh and frozen seafood, poultry, pork, lamb and veal, as well a select group of gourmet foods, including soups, pastas and desserts. The company was founded in 1962 and has a 65,000-square-foot processing and distribution facility in Columbus, OH (www.michaelsmeats.com).
Sorenson Capital invests in small to middle-market buyout and growth equity opportunities with a particular focus on companies located in the Mountain and Western regions of the United States. The firm is headquartered in Salt Lake City, UT (www.sorensoncapital.com).
The Chefs’ Warehouse (NASDAQ: CHEF) is a distributor of specialty food products to independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools and specialty food stores. The Chefs’ Warehouse carries and distributes more than 16,700 products to more than 9,800 customer locations throughout the United States. The company is based in Ridgefield, CT (www.chefswarehouse.com).
BlackArch Partners was retained by Sorenson Capital to serve as exclusive financial adviser on the sale of Michael’s Finer Meats. BlackArch Partners is a middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations, including dedicated industry verticals for Food, Beverage & Agribusiness, Consumer & Retail and Distribution & Supply Chain Management. The firm is based in Based in Charlotte, NC (www.blackarchpartners.com).
“BlackArch Partners ran a well-orchestrated sale process with hands-on, senior-level leadership. BlackArch’s highly collaborative approach, rigorous upfront diligence and highly tailored marketing produced an outcome that exceeded our expectations,” said Luke Sorenson, a Managing Director at Sorenson Capital.
© 2012 PEPD • Private Equity’s Leading News Magazine • 8-31-12