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Simpson Thacher & Bartlett Real-Time E-News
Quirch Foods Acquires Butts Foods
Simpson Thacher represented Quirch Foods and Palladium Equity Partners in connection Quirch Foods’ acquisition of Butts Foods, an industry leader in fresh protein distribution. Financial terms of the transaction were not disclosed.
Headquartered in Jackson, Tennessee, Butts Foods has a proven track record and operates four distribution facilities throughout Tennessee, Alabama and Mississippi. The acquisition will bolster Quirch Foods’ distribution footprint in the United States.
Quirch Foods, founded in 1967 by the Quirch Family, is a food distribution company servicing large and independent retailers 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 a portfolio company of Palladium Equity Partners.
The Simpson Thacher team included Mark Pflug, James Parry, Sung Jin and Benjamin Cermak (M&A); John Creed, Joseph Tootle and Scott Grundei (Tax); Melanie Jolson (Intellectual Property); Adeeb Fadil (Environmental); Krista McManus (Real Estate); Larry Moss and Jake Phillips (Executive Compensation and Employee Benefits); Andrew Kofsky (Labor); Steven DeLott (Insurance); and James Cross, Leah Nudelman and Samuel Wintergreen-Arthur (Credit).
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