M&A Deal Summary

American Seafoods Acquires Good Harbor Fillet

On January 18, 2012, American Seafoods acquired food company Good Harbor Fillet from Creo Capital Partners

Acquisition Highlights
  • This is American Seafoods’ 1st transaction in the Food sector.
  • This is American Seafoods’ 1st transaction in the United States.
  • This is American Seafoods’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2012-01-18
Target Good Harbor Fillet
Sector Food
Buyer(s) American Seafoods
Sellers(s) Creo Capital Partners
Deal Type Add-on Acquisition

Target

Good Harbor Fillet

Gloucester, Massachusetts, United States
Good Harbor Fillet Co. LLC engages in the production and distribution of frozen seafood products in the United States.

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Buyer(S) 1

Buyer

American Seafoods

Seattle, Washington, United States
Category Company
Founded 2000
Sector Food
Employees1,000
DESCRIPTION

American Seafoods is a catcher-processor of Alaska pollock in U.S. Bering Sea and a harvester of fish for human consumption in United States. The Company owns protected rights to harvest pollock and also holds the right to participate in three other fisheries, including pacific whiting (hake), yellowfin sole, and pacific cod. American Seafoods was founded in 2000 and is based in Seattle, Washington.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 American Pride Seafoods

New Bedford, Massachusetts, United States

American Pride Seafoods LLC is primarily a value-added frozen seafood foodservice and scallop processing business

Sell $35M

Seller(S) 1

SELLER

Creo Capital Partners

Denver, Colorado, United States

Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 600M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Creo Capital Partners is a private investment firm that targets control investments in middle-market companies with revenues between $25 and $200 million and enterprise values between $20 and $150 million. Creo is a generalist investor and will consider opportunities in many different sectors, however, the Firm has a particular interest in food and consumer products businesses. In addition to providing growth capital, Creo also targets distressed or special situations. Creo was formed in 2005 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 3
Sector (Food) 1 of 3
Type (Add-on Acquisition) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 3
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 Excelline Food Products

Chatsworth, California, United States

Excelline is a manufacturer and distributor of high-value, prepared, ethnic foods. The company's products are handmade, flash frozen, and packaged in retail cartons under Excelline's brand and, in the case of private label, as per customer specifications. Key customers include major retailers in the club, mass and specialty grocery channels. Excelline is based in Chatsworth, CA.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 Filet of Chicken

Forest Park, Georgia, United States

Filet of Chicken provides processor of chicken products that provides sizing, marinating, breading, battering, individually quick freezing, and packaging services.

Sell -
Mergr

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