Quirch Foods announces leadership transition. MIAMI-(BUSINESS WIRE)-#QuirchFoods-Quirch Foods, LLC, a portfolio company of Palladium Equity Partners, today announced that, as part of the company's long-term succession plan, Frank Grande will transition from his role as Chief Executive Officer effective April 1, 2026. After years of transformational leadership, Grande leaves behind a strong legacy of growth and evolution at Quirch Foods. During his tenure, he led the company through significant expansion, including broadening its national footprint, completing strategic acquisitions, strengthening key customer partnerships, modernizing systems and infrastructure, and building a leadership team positioned for long-term success. Effective April 1, 2026, Joe Ward, currently President and Chief Operating Officer, will assume the role of President and Chief Executive Officer. Ward has been a key member of Quirch's leadership team, and the transition has been thoughtfully planned to ensure continuity, stability, and continued momentum for the business. Ward brings nearly three decades of leadership experience in the food and distribution industries. He holds a Bachelor of Science in Economics from the University of Scranton and an MBA from the University of Miami. He began his career with PepsiCo, spent more than 15 years leading food manufacturing organizations, and later held roles of increasing responsibility during a decade with Bunzl Distribution North America. He joined Quirch Foods as Chief Operating Officer in late 2024 and was named President in 2025. "It's an honor to step into the role of President and CEO of Quirch Foods," said Ward. "Frank has built an extraordinary organization grounded in strong relationships, entrepreneurial spirit, and a culture that values people and performance. I look forward to building on that foundation as we continue investing in our team, our capabilities, and the next phase of growth." Grande will remain actively involved with the company as a member of the Board of Directors and Chairman of the Board's Mergers & Acquisitions Committee. In this role, he will continue supporting strategic growth initiatives, acquisition opportunities, and key customer and partner relationships. "It has been a privilege to serve as CEO of Quirch Foods," said Grande. "I am incredibly proud of what our team has accomplished together. With strong leadership in place and a clear strategy for the future, I look forward to supporting the company's continued growth in this next chapter." 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 24 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(R) is the exclusive distributor of Chiquita(R) Brands frozen tropical fruits, Panamei Seafood(R), High River Angus(R), Kikiriquirch(R) poultry, Mambo Foods(R), and a licensed distributor of Certified Angus Beef(R). For more information, visit www.quirchfoods.com, follow The AI Journal Ltd. on Facebook, Instagram, and LinkedIn, or call (800) 458-5252. Quirch Foods is a portfolio company of Palladium Equity Partners. 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. For Quirch Foods Jorge Roza Director of Marketing [email protected] (305) 691-3535 For Palladium Equity Partners Jemrey Taufield / Todd Fogarty [email protected] or [email protected] 212-521-4800

Quirch Foods completes $1.1B strategic debt refinancing to accelerate growth. The financing was led by Ares U.S. Direct Lending funds and Regions Bank, with participation from a consortium of additional lenders. Quirch Foods, a distributor and exporter of protein and specialty food products across the United States, Puerto Rico and Latin America, completed a $1.1 billion strategic debt refinancing led by Ares U.S. Direct Lending funds and Regions Bank, with participation from a consortium of additional lenders. The new financing structure strengthens the company's balance sheet and positions Quirch Foods for its next phase of growth, which will be primarily focused on investments in its brands, talent, technology and operational innovation. The transaction expands the company's asset-based lending (ABL) facility and provides access to a delayed draw term loan, offering greater flexibility to pursue strategic initiatives, capture market opportunities and fund future acquisitions. "This refinancing provides Quirch with a strong foundation to continue pursuing strategic acquisitions that complement our platform, expand our reach and better serve our customers," Frank Grande, CEO of Quirch Foods, said. "We see meaningful opportunities to grow in both our core categories and adjacent markets, and this financing enables us to move decisively when those opportunities arise." Carmen Sabater, chief financial officer of Quirch Foods, said, "The increased availability under our ABL allows us to better meet strong and growing demand from our customers. This refinancing underscores the confidence our financial partners have in our business model and long-term strategy, and it gives us the flexibility to continue investing in the areas that drive our growth and success."