The Chef’s Warehouse Buys Michael’s Finer Meats

Michael’s Finer Meats, which is backed by Sorenson Capital Partners, has been sold to The Chefs’ Warehouse. Financial terms weren’t announced. Columbus, Ohio-based Michael’s supplies center-of-the-plate meats and seafood to restaurants, country clubs, high-end hotels, caterers and casinos. BlackArch Partners provided financial advice to Michael’s.

PRESS RELEASE
–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 (NASDAQ: CHEF).
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 (www.michaelsmeats.com) 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 exception! al consultative sales philosophy have positioned the company as a supplier of choice.
The Chefs’ Warehouse, Inc. (www.chefswarehouse.com) 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 (www.sorensoncapital.com) 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.