M&A Deal Summary

Barnacle Seafood Acquires Captain Eds Lobster Trap

On May 1, 2006, Barnacle Seafood acquired distribution company Captain Eds Lobster Trap from Meriturn Partners

Acquisition Highlights
  • This is Barnacle Seafood’s 1st transaction in the Distribution sector.
  • This is Barnacle Seafood’s 1st transaction in the United States.
  • This is Barnacle Seafood’s 1st transaction in Florida.

M&A Deal Summary

Date 2006-05-01
Target Captain Eds Lobster Trap
Sector Distribution
Buyer(s) Barnacle Seafood
Sellers(s) Meriturn Partners
Deal Type Add-on Acquisition

Target

Captain Eds Lobster Trap

Fort Lauderdale, Florida, United States
Captain Eds Lobster Trap, Inc. engages in distribution of shellfish. Captain Eds Lobster Trap, Inc. operates as a subsidiary of Barnacle Seafood.

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Buyer(S) 1

Buyer

Barnacle Seafood

Fort Lauderdale, Florida, United States

Category Company
Founded 1984
Sector Food
DESCRIPTION

Barnacle Seafood is a private company categorized under Wholesale Seafood and located in Miami, FL. Current estimates show this company has an annual revenue of unknown and employs a staff of approximately 50 to 99.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 1

SELLER

Meriturn Partners

Raleigh, North Carolina, United States

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Meriturn Partners LLC is a private investment firm that makes control investments in middle-market companies needing restructuring or facing operational challenges. Meriturn primarily looks for companies based in the US and Canada operating in basic industries such as manufacturing, distribution, and service with revenues between $40 and $300 million. The Firm looks to commit up to $10 million per transaction. Meriturn's investment horizon is four to seven years. Meriturn Partners was formed in 2001 and based in Raleigh, North Carolina with an additional office in San Francisco, California.


DEAL STATS #
Overall 1 of 5
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Florida M&A 1 of 2
Country: United States M&A 1 of 5
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-06 Valentine Paper

Lockport, Louisiana, United States

Manufactures specialty papers; manufactures sensitized diazo or whiteprint cloth or paper Printing and writing paper, Business use papers, Paper products, Personal paper products, Novelty paper.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-21 Sustainable Solutions

Wilsonvil, Oregon, United States

SSI enables manufacturers, processors, and retailers to capitalize on their valuable waste streams by assessing then repurposing these now SmartStreams™ into value-added products. SSI’s unique, patented technologies convert environmentally damaging and costly post-industrial waste into superior raw material alternatives. Some of SSI’s products include: regenerated finished fibers and textiles; UrbanWood™; Dilusso™ Leather; Thermold™; an acoustic carpet system; and a cotton substitute for talc. All of SSI’s products utilize a majority of other companies’ waste, thus creating a unique network of cross-industrial pollination of new products and ideas. In addition to developing superior products from these SmartStreams™, SSI assists international companies in assessing and utilizing waste as an asset from their global supply chains. SSI is headquartered in Wagoner, OK and has offices in Detroit, Miami, and Shenzhen, China.

Buy -