Miami – July 2nd 2015 – The Seafood Team of Antarctica Advisors LLC, a leading
Food Industry-focused investment banking firm, acted as the exclusive financial advisor to East Coast Seafood and Garbo Lobster, two of the largest lobster suppliers in North America, in the formation of a new partnership with Seafood Investment Group (SIG), a long-term equity capital provider. SIG’s investment will further accelerate growth at the companies’ value-added processing joint-venture, Maine Fair Trade Lobster.
Antarctica’s experienced transaction advisory team provides corporate clients in the Food Industry with a wide range of investment banking services. Antarctica maintains a unique Seafood Sector-specialized M&A practice, with a recognized track record of successful deal execution.
“The new partnership is intended to expand the current relationship between East Coast Seafood and Garbo Lobster to enhance current operations and create meaningful employment in rural communities throughout North America” said Michael Tourkistas, CEO & President of East Coast Seafood.
Ignacio Kleiman, Managing Partner of Antarctica Advisors commented: “This is a highly strategic partnership for our clients, East Coast Seafood and Garbo Lobster, and a great entry for SIG into the North American Seafood Industry. The new partnership demonstrates the unique opportunities the Seafood Industry in North America presents to investors, where Antarctica’s highly-specialized Seafood Team continues to play a leading role as a trusted advisor”.
About Antarctica Advisors
Antarctica Advisors LLC is an independent strategic and financial advisory firm led by a group of seasoned investment bankers with expertise in M&A advisory and private equity and debt capital rising. Antarctica’s team of experienced professionals provides corporate clients with knowledge-based, senior-level advice. Antarctica’s office is strategically located in Miami (Florida) allowing close connection to its clients in the Americas and Europe. Antarctica Advisors LLC is a licensed broker-dealer and a member of FINRA and SIPC.
About East Coast Seafood
A subsidiary of American Holdco Inc., East Coast Seafood is North America’s largest processor and marketer of live lobster, and fresh and frozen lobster products. AHI’s other subsidiaries include Paturel International, which operates live lobster and value-added processing facilities in Canada; Seatrade International, a leading US scallop and fin-fish processor and Worldwide Perishables, a major freight forwarder operating Massachusetts and Nova Scotia.
About Garbo Lobster
Based in Connecticut, Garbo Lobster is the second largest processor and exporter of live lobster in the US. The biggest buyer of live lobster in the state of Maine, Garbo also has operations in Nova Scotia and New Brunswick.
About Seafood Investment Group
Seafood Investment Group is a private investment manager that provides growth capital to businesses in a variety of industries. The firm’s long-term focus allows management teams and owners to develop lasting value creating initiatives.
For further information on this transaction contact:
Birgir Brynjolfsson, Antarctica Advisors LLC, +1-786-478-3409, BB@AntarcticaLLC.com