logo
Quirch Foods Expands Cold Storage Capacity with Additional Space in Opa-Locka, FL

Quirch Foods Expands Cold Storage Capacity with Additional Space in Opa-Locka, FL

Quirch Foods, LLC, a portfolio company of affiliates of Palladium Equity Partners, LLC ('Palladium') today announced its expansion to its distribution network with the addition of a 146,000-square-foot dry, chilled, and frozen warehouse located at 12345 N.W. 38th Avenue, Opa-Locka, FL 33054. With this addition, Quirch now operates 23 distribution centers throughout North America and the Caribbean.
Founded in 1967, Quirch Foods is a leading food distribution company serving major and independent retailers, foodservice providers, cruise lines, and the hospitality industry throughout the United States, the Caribbean, and Central and South America, with expansion plans for Europe and the Middle East. Quirch owns and distributes a portfolio of proprietary brands including Panamei Seafood ®, High River Angus ®, Kikiriquirch ® poultry, and Mambo Foods ® brands and is a licensed distributor of Certified Angus Beef ®. Additionally, Quirch Foods is the exclusive distributor of Chiquita ® Brands frozen tropical fruits.
'This acquisition reinforces our commitment to supporting independent grocers and foodservice providers while expanding our ability to deliver high-quality products and tech-enabled solutions,' said Frank Grande, President and CEO of Quirch Foods. 'Increasing our cold storage capacity strengthens our supply chain and enhances service capabilities, while ensuring we remain at the forefront of the industry.'
The newly acquired facility will optimize Quirch Foods' logistics operations, enabling the company to meet growing customer demand with greater efficiency and flexibility.
Daniel Ilundain, President of Palladium said, 'Congratulations to Quirch Foods' CEO Frank Grande and my Palladium partner Chris Allen. This expansion into Opa-Locka marks Quirch Food's sixth acquisition since our investment in 2018, increasing refrigerated space more than 2x and frozen space more than 3x. We are proud to have helped Quirch Foods increase its distribution to service more than 40 states in the U.S.'
About Quirch Foods
Founded in 1967, Quirch Foods is a food distribution company serving large and independent retailers, foodservice providers, and cruise line businesses across the United States, the Caribbean, and Central and South America. With one of the most comprehensive brand portfolios for a distributor of its type and size, Quirch operates 23 distribution facilities throughout the United States and Puerto Rico, representing a combined 2.4 million square feet of refrigerated warehouse space and a fleet of more than 400 trucks. Quirch Foods ® is the exclusive distributor of Chiquita ® Brands frozen tropical fruits, Panamei Seafood ®, High River Angus ®, Kikiriquirch ® poultry, Mambo Foods®, and a licensed distributor of Certified Angus Beef ®. For more information, visit quirchfoods.com, follow us on Facebook, Instagram, and LinkedIn, or call (800) 458-5252.
About Palladium Equity Partners, LLC
Palladium is a private equity firm with over $3 billion of assets under management. The firm invests in the middle market, focusing on companies in the U.S. Hispanic market, founder and family-owned businesses, and those with accretive M&A opportunities. The partners of the firm have significant experience in the consumer, services, industrials, and healthcare sectors. Since its founding in 1997, Palladium has invested in more than 230 businesses, including 41 platforms and over 190 add-ons. For more information, visit www.palladiumequity.com.
Jorge Roza, Director of Marketing
[email protected]
(305) 691-3535For Palladium Equity Partners:
Jeffrey Taufield / Todd Fogarty
[email protected] @kekstcnc.com
212-521-4800
SOURCE: Quirch Foods, LLC
Copyright Business Wire 2025.
PUB: 04/04/2025 07:00 AM/DISC: 04/04/2025 06:59 AM

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Notre Dame AD Pete Bevacqua to discuss college athletics with President Trump
Notre Dame AD Pete Bevacqua to discuss college athletics with President Trump

USA Today

timean hour ago

  • USA Today

Notre Dame AD Pete Bevacqua to discuss college athletics with President Trump

Notre Dame AD Pete Bevacqua to discuss college athletics with President Trump Notre Dame athletic director Pete Bevacqua and SEC commissioner Greg Sankey are reportedly meeting with President Donald Trump Sunday to discuss the future of college athletics. According to Ross Dellenger of Yahoo! Sports, Bevacqua and Sankey are traveling to Trump National Golf Club in Bedminster to have a round with the 47th President, who is interested in discussing the college sports industry's future while on the course. This reported meeting comes at a time when the state of college athletics has never been more in flux. The House vs. NCAA settlement was finally finalized this past Friday evening, clearing a path for future revenue-sharing payments to be made directly to student-athletes for the very first time, further professionalizing college athletics. It allows for the establishment of an NIL Go Clearinghouse, which would have to approve NIL payments of more than $600 to student-athletes beginning this summer. Trump's interest in college athletics is nothing new. Previously he was working on a college sports commission that reportedly was going to be co-chaired by former Alabama head coach Nick Saban. Certainly there is never a dull day in the business of college athletics. Contact/Follow us @IrishWireND on X (Formerly Twitter), and like our page on Facebook to follow ongoing coverage of Notre Dame news, notes, and opinions. Follow Dave on X: Miller_Dave

Meta in Talks for Scale AI Investment That Could Top $10 Billion
Meta in Talks for Scale AI Investment That Could Top $10 Billion

Yahoo

time2 hours ago

  • Yahoo

Meta in Talks for Scale AI Investment That Could Top $10 Billion

(Bloomberg) -- Meta Platforms Inc. is in talks to make a multibillion-dollar investment into artificial intelligence startup Scale AI, according to people familiar with the matter. Next Stop: Rancho Cucamonga! Where Public Transit Systems Are Bouncing Back Around the World ICE Moves to DNA-Test Families Targeted for Deportation with New Contract Trump Said He Fired the National Portrait Gallery Director. She's Still There. US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn The financing could exceed $10 billion in value, some of the people said, making it one of the largest private company funding events of all time. The terms of the deal are not finalized and could still change, according to the people, who asked not to be identified discussing private information. Representatives for Scale and Meta declined to comment. Scale AI, whose customers include Microsoft Corp. and OpenAI, provides data labeling services to help companies train machine-learning models and has become a key beneficiary of the generative AI boom. The startup was last valued at about $14 billion in 2024, in a funding round that included backing from Meta and Microsoft. Earlier this year, Bloomberg reported that Scale was in talks for a tender offer that would value it at $25 billion. This would be Meta's biggest ever external AI investment, and a rare move for the company. The social media giant has before now mostly depended on its in-house research, plus a more open development strategy, to make improvements in its AI technology. Meanwhile, Big Tech peers have invested heavily: Microsoft has put more than $13 billion into OpenAI while both Inc. and Alphabet Inc. have put billions into rival Anthropic. Part of those companies' investments have been through credits to use their computing power. Meta doesn't have a cloud business, and it's unclear what format Meta's investment will take. Chief Executive Officer Mark Zuckerberg has made AI Meta's top priority, and said in January that the company would spend as much as $65 billion on related projects this year. The company's push includes an effort to make Llama the industry standard worldwide. Meta's AI chatbot — already available on Facebook, Instagram and WhatsApp — is used by 1 billion people per month. Scale, co-founded in 2016 by CEO Alexandr Wang, has been growing quickly: The startup generated revenue of $870 million last year and expects sales to more than double to $2 billion in 2025, Bloomberg previously reported. Scale plays a key role in making AI data available for companies. Because AI is only as good as the data that goes into it, Scale uses scads of contract workers to tidy up and tag images, text and other data that can then be used for AI training. Scale and Meta share an interest in defense tech. Last week, Meta announced a new partnership with defense contractor Anduril Industries Inc. to develop products for the US military, including an AI-powered helmet with virtual and augmented reality features. Meta has also granted approval for US government agencies and defense contractors to use its AI models. The company is already partnering with Scale on a program called Defense Llama — a version of Meta's Llama large language model intended for military use. Scale has increasingly been working with the US government to develop AI for defense purposes. Earlier this year the startup said it won a contract with the Defense Department to work on AI agent technology. The company called the contract 'a significant milestone in military advancement.' The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again Is Elon Musk's Political Capital Spent? What Does Musk-Trump Split Mean for a 'Big, Beautiful Bill'? Cuts to US Aid Imperil the World's Largest HIV Treatment Program ©2025 Bloomberg L.P. Sign in to access your portfolio

Scott Stricklin backs House v. NCAA ruling: 'Important step forward for college athletics'
Scott Stricklin backs House v. NCAA ruling: 'Important step forward for college athletics'

USA Today

time2 hours ago

  • USA Today

Scott Stricklin backs House v. NCAA ruling: 'Important step forward for college athletics'

Scott Stricklin backs House v. NCAA ruling: 'Important step forward for college athletics' Florida athletic director Scott Stricklin expressed full support for the future of athlete compensation following the final approval of the House v. NCAA settlement, calling it a "new beginning" for college athletics. Stricklin released a statement Saturday, one day after U.S. District Judge Claudia Wilken approved the landmark antitrust settlement allowing schools to directly share revenue with student-athletes starting July 1. "The University of Florida Athletic Association welcomes the recent court ruling allowing schools to directly share revenue with student-athletes," Stricklin said. "This decision marks an important step forward for college athletics, and we remain committed to supporting Gator athletes on and off the field." Stricklin went on to say, "Beyond financial opportunities, the UAA will continue to provide world-class training, academic support, and career development to help our Gators succeed during their time at UF and well beyond." The ruling paves the way for Power Four programs to distribute as much as $20.5 million annually in revenue sharing, with most schools expected to follow a recommended formula: 75 percent to football players, 15 percent to men's basketball, 5 percent to women's basketball and 5 percent to other sports. Florida has yet to reveal its distribution strategy. The settlement also includes nearly $2.8 billion in backpay to athletes who competed between 2016 and 2025 and missed out on name, image and likeness (NIL) earnings under prior NCAA restrictions. NCAA president Charlie Baker, in a letter to stakeholders, called the ruling a chance to bring stability to a system that's long lacked clarity and cohesion. "Approving the agreement reached by the NCAA, the defendant conferences and student-athletes in the settlement opens a pathway to begin stabilizing college sports," Baker wrote. "This new framework that enables schools to provide direct financial benefits to student-athletes and establishes clear and specific rules to regulate third-party NIL agreements marks a huge step forward for college sports." Baker acknowledged the scale of the change, which will shift enforcement of many compensation rules from the NCAA to the conferences named in the settlement. He also warned that the system remains vulnerable without federal legislation, particularly as efforts continue to classify student-athletes as employees and as states compete with conflicting NIL laws. "Significant challenges remain," Baker wrote. "Only Congress can address these issues." Follow us @GatorsWire on X, formerly known as Twitter, as well as Bluesky, and like our page on Facebook to follow ongoing coverage of Florida Gators news, notes and opinions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store