M&A Deal Summary
|Target||Colorado Boxed Beef|
|Sellers(s)||Altamont Capital Partners|
|Advisor(s)||Jefferies LLC (Financial)|
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Quirch is a distributor of food products in the Southeastern U.S., Latin America, and the Caribbean, with a customer list that includes independent and chain supermarkets, foodservice distributors, processors and manufacturers, cruise lines, and restaurants. Quirch was formed in 1967 and is based in Coral Gables, Florida.
|Overall||2 of 2|
|Sector (Food)||1 of 1|
|Type (Merger)||1 of 1|
|State (Florida)||1 of 1|
|Country (United States)||2 of 2|
|Year (2020)||2 of 2|
Jackson, Tennessee, United States
Butts Foods, Inc. is a fresh protein distributor operates five distribution facilities throughout Tennessee, Alabama, and Mississippi. Butts Foods was founded in 1935 and is based in Jackson, Tennessee.
|Category||Private Equity Firm|
|PE ASSETS||4.5B USD|
Altamont Capital is a private equity group focused on acquiring US-based middle-market companies. The Firm has a particular interest in companies undergoing a transition, either operational or strategic, in which Altamont believes it can help navigate. Altamont can invest up to $150 million of equity per transaction and looks for businesses with EBITDA up to $100 million. The Firm prefers control transactions and targets a range of transaction types, including corporate carve-outs, build-ups, take-privates, and founder transitions. Sectors of interest include business services, financial services, industrials, healthcare, consumer, retail, restaurants, franchising, and technology. Altamont Partners was formed in 2010 and is based in Palo Alto, California.
|Overall||10 of 14|
|Sector (Food)||1 of 1|
|Type (Merger)||2 of 2|
|State (Florida)||2 of 2|
|Country (United States)||9 of 13|
|Year (2020)||1 of 1|
Scottsdale, Arizona, United States
Cornerstone Advisors is a provider of advisory services to banking institutions. Cornerstone is the major authority on driving revenue and profitability improvements for mid-size banks and credit unions. Cornerstone Advisors was founded in 2002 and is based in Scottsdale, Arizona.
Specialized Packaging Group
Hamden, Connecticut, United States
Specialized Packaging Group is a vertically-integrated provider of protective packaging products that operates under two divisions, IVEX and Engineered Packaging. Specialized Packaging Group was founded in 1983 and is based in Hamden, Connecticut.