Arctic Fisheries has sold a majority stake of its company to SNH Capital Partners, a U.S.-based private investment firm.
Founded in 1921, Arctic Fisheries is a Buffalo, New York, U.S.A.-based importer and distributor of a range of seafood products including cod, haddock, pollock, crab, lobster, shrimp, tilapia, and salmon. Up until the sale to SNH Capital Partners, the company was in its fourth generation of family ownership.
Antarctica Advisors, a seafood-focused investment banking firm, acted as the exclusive investment banking advisor to Arctic Fisheries on the transaction.
“The partnership with SNH is meaningful for us, providing us with many tools to expand into new markets while providing additional value to customers, vendors, and sustainable fisheries worldwide,” Arctic Fisheries CEO Michael Kotok said in a release. “Antarctica assisted us in navigating through this complex process, resulting in a successful transaction for all stakeholders.”
Kotok will remain a shareholder after the transaction and will also continue to contribute to the company’s growth, according to Antarctica Advisors.
SNH Capital Partners is based in Austin, Texas, U.S.A., and invests in middle-market companies. Its acquisition of Arctic Fisheries marks its first investment in the seafood industry space. SNH Capital Partners’ other portfolio companies include Five Nines, CME Group, National Credit Center, Universal Background Screening, and Verify Today.
