BlackArch Partners Advises on Sale of Michael's Finer Meats

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Sale by BlackArch team that has advised Michael's on two transactions in five years will expand center-of-the-plate product offering of The Chef's Warehouse.

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BlackArch’s highly collaborative approach, rigorous upfront diligence and highly tailored marketing produced an outcome that exceeded our expectations.

BlackArch Partners is pleased to announce the closing of the sale of Michael’s Finer Meats, LLC, a portfolio company of Sorenson Capital Partners, to The Chefs’ Warehouse.

Michael’s is the leading Midwestern supplier of center-of-the-plate meats and seafood to premium restaurants, country clubs, high-end hotels, caterers and casinos.

The transaction, which closed Aug. 10, will expand the center-of-the-plate product offering of The Chefs’ Warehouse, a premier distributor of specialty food products in the United States, while also extending the company’s geographic reach. The Chefs’ Warehouse services customers in the metropolitan areas of New York, Boston, Philadelphia, Washington, D.C., Los Angeles, San Francisco, Miami, Las Vegas and Portland, Ore.

BlackArch was retained by Sorenson Capital to serve as exclusive financial adviser on the sale of Michael’s Finer Meats.

“The BlackArch team has been instrumental in guiding Michael’s through two successful transactions in the past five years,” Michael’s CEO John Bloch said. “BlackArch is uniquely adept at understanding and thoughtfully conveying what makes our company different and was able to design and lead a very successful process which resulted in a strong outcome for the shareholders and a great new partner for management.”

Luke Sorenson, a Managing Director at Sorenson Capital, commented, “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.”

Based in Columbus, Ohio, Michael’s Finer Meats is a leading supplier of center-of-the-plate meats and seafood. From its 65,000-square-foot processing and distribution facility in Columbus, the company serves premium restaurants, country clubs, high-end hotels, caterers and casinos across Michigan, Ohio, Pennsylvania, Indiana, Kentucky, Tennessee and West Virginia; Michael’s also serves selected high-end, multi-unit restaurants outside of the Midwest. The company’s extensive 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 breadth, quality and consistency of Michael’s product offering coupled with its exceptional consultative sales philosophy have positioned the company as a supplier of choice.

The Chefs' Warehouse, Inc. is a premier distributor of specialty food products in the United States focused on serving the specific needs of chefs who own and/or operate some of the nation's leading menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools and specialty food stores. The Chefs' Warehouse, Inc. carries and distributes more than 16,700 products to more than 9,800 customer locations throughout the United States.Sorenson Capital is a private equity fund that provides small- to middle-market buyout and growth equity investments with a particular focus on opportunities in the western United States. Sorenson Capital is headquartered in Salt Lake City, Utah.

BlackArch Partners is a leading middle-market investment bank offering a full spectrum of advisory services. The firm offers a complete suite of investment banking services to financial sponsors, private companies and diversified corporations, including dedicated industry verticals for Food, Beverage & Agribusiness, Consumer & Retail and Distribution & Supply Chain Management. Based in Charlotte, N.C., BlackArch features a total of 12 industry-focused practices that cover all sectors of interest to middle-market investors; BlackArch professionals have closed over 250 transactions in 16 countries on four continents. Please visit our website, http://www.blackarchpartners.com, for more details.

Securities transaction conducted through BlackArch Securities LLC. Member FINRA and SIPC. Testimonials may not be representative of the experience of all clients. Testimonials are not a guarantee of future performance or success.

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Tim Whitmire
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