November 5, 2020 – Antarctica Advisors LLC, the leading Seafood Industry-focused M&A advisory firm, acted as the exclusive investment banking advisor to Stolt Sea Farm Investments BV (“Stolt”) in its sale of Sterling Caviar LLC (“Sterling”) to affiliates of Hyde Road Agricultural Associates LLC (“Hyde Road”).
Established in 1988 by Jacob Stolt-Nielsen, Sterling became the first sturgeon aquaculture company to sustainably farm raise the specie globally. Today, Sterling Caviar is the leading producer of domestic caviar, serving the most discerning chefs, customers, and caviar connoisseurs both here in the U.S. and abroad.
Sterling operates four inland aquaculture farms in Norther California’s Sacramento-San Joaquin river delta region, which is the White Sturgeon’s native habitat. Hyde Road’s facility is similarly located in river delta region and the acquisition of Sterling’s nearby facilities presented an opportunity to accelerate the growth of its caviar business. In addition, Sterling’s newly renovated, best in class processing facility will allow Hyde Road to address customer demand more efficiently.
Birgir Brynjolfsson, Partner of Antarctica Advisors, commented:
“The combination of Sterling and Hyde Road will bring operational efficiencies allowing it to better compete with imported sources of caviar without sacrificing the reputation for high-quality that Sterling has earned over its decades long existence. We are thankful for having had the opportunity to advise Stolt and the employees of Sterling in their sale of this important player in the U.S. caviar market.”
Antarctica Advisors is the leading investment banking firm providing corporate clients in the global Seafood Industry with specialized M&A advisory and capital raising services. The firm’s highly specialized Seafood Team is comprised of professionals with significant knowledge across the Seafood Industry, as well as a proven track record of successful transaction execution.
Antarctica Advisors LLC is a licensed broker-dealer, member of FINRA and SIPC.