Project Seafood: Going Concern Sale/Capital Raise – Aquaculture Business

Expressions of Interest Due Thursday, Dec. 6

Company Overview

Our client (“Company”) is an established aquaculture business producing and marketing premium quality farmed fish to national grocery chains, foodservice distributors, upscale restaurants and on-line direct to consumers. The company’s product line includes raw and value-added, fresh and frozen products.

With the right capital, Company is poised for substantial growth. Its operating history delivering top quality products, raised to strict specifications, has enabled the Company to enter into an exclusive supplier arrangement with one of the nation’s top retail chains.

Moreover, Company’s online seafood direct-to-consumer platform is experiencing substantial year-over-year growth.

Transaction Opportunity

This is the perfect bolt-on acquisition for other aquaculture and other protein businesses and/or for investors seeking a foothold in this sector.   The Company will evaluate all investment proposals, including a  sale of the business.

Facility Highlights

The Company is vertically integrated, with operations from feed milling through fish production, processing, sales and distribution. The Company’s processing plant as well as its production facilities operate at the highest standards with a balance of automated efficiencies, staff experience, and hand craftmanship.

Projected Consolidated Sales Highlights

2018 2019 2020
$13,098,933 $16,914,304 $23,510,991

 

Company v. Competitors

Company is unique in its industry sector:

  • Controls production from start to finish, thereby designing and producing the best-flavor as well healthiest product in the market
  • Owns and operates its own feed mill, with the ability to control feed formulation to improve product quality and meet customers’ expectations
  • Reputation for premium quality products and hands-on service in the category

 Aquaculture Industry Highlights

NOAA Fisheries estimates that the United States imports more than 80 percent of its seafood requirements. Because harvest from wild fisheries has peaked globally, aquaculture is widely recognized as the only way to meet the seafood demands of a growing population. At the same time, the health benefits of seafood make it increasingly sought after as a dietary protein source. As a result, aquaculture is the fastest growing form of food production in the world.

The current estimated value of imported farmed seafood sold annually in the US is $10 Billion and growing each year. The following is a glance at the production and sales figures of the top U.S. farm-raised fish according to the USDA 2013 Census:

SPECIES LBS. PRODUCED ESTIMATED SALES
Catfish 368.0 million pounds $ 375.9 million
Trout 59.1 million pounds $ 110.2 million
Bass 12.7 million pounds $ 50.8 million
Tilapia 18.6 million pounds $ 42.5 million
Crawfish 34.0 million pounds $ 34.6 million

 

To obtain additional information, please execute and return the following Non-Disclosure Agreement to Rob Tramanto at (rtramantano@keen-summit.com)

Project Seafood – NDA – FINAL

 

Contact

Robert Tramantano
(646) 381-9206

Harold Bordwin
(646) 381-9201

Matthew Bordwin
(646) 381-9202

Christopher Mahoney
(646) 381-9205

Doug Greenspan
(646) 381-9218