Emory & Co. served as the exclusive financial advisor to H&R Foods in its sale to PAK Quality Foods. The terms were not disclosed.

H&R Foods, based in Amarillo, TX, has been an employee-owned food distributor serving foodservice, retail and institutional customers across Texas, New Mexico, Oklahoma and Kansas. In addition to beef, pork and poultry, H&R Foods offers dry goods, produce, dairy and other products. H&R Foods was founded in 1969.

PAK Quality Foods, a portfolio company of Cross Rapids Capital, is a leading food distributor with distribution facilities in San Angelo and Fort Worth, TX.

“We are thrilled to welcome H&R Foods into the PAK Quality Foods family,” said John Pieper, Chief Executive Officer of the Company. “Our commitment is simple: the high-quality, reliable service and responsiveness that customers have come to expect from H&R Foods will continue, backed by the added resources of PAK Quality Foods. We share a deep focus on serving our customers well, and together we see a strong future of investment, partnership and growth across the communities we serve.”

“We ran a full-scale process, contacting numerous strategic buyers and private equity groups. Ultimately, PAK Quality Foods emerged as the clear choice as the best buyer and best fit. We are honored to have worked with the H&R Foods team and to lead the process of transitioning ownership of the business to a buyer who will build upon the culture and legacy that has been carefully cultivated,” said Taylor Kotke, Managing Director at Emory & Co.

Emory & Co. worked closely with H&R Foods and its Employee Stock Ownership Plan (ESOP) Trustee throughout the sale process, leading the marketing, negotiation and due diligence phases of the transaction.