Antarctica Advisors Acts as Exclusive Investment Banking Advisor to United States Seafoods in its Balance Sheet Restructuring

December 12, 2025 – Antarctica Advisors LLC, the leading Seafood Industry-focused investment banking advisory firm, acted as the exclusive advisor to the well-established Alaskan multispecies groundfish fishing and processing company USS Group, L.P. who together with its affiliates does business as United States Seafoods (“U.S. Seafoods”).
Based in Seattle, WA, U.S. Seafoods was established in 1998 and has since grown into a premier multispecies harvester and producer of Alaskan groundfish. With access to over 100,000 metric tons of available quota rights, U.S. Seafoods holds one of the largest portfolios of multi-species groundfish trawl permits in the Alaskan fishery. Having endured a perfect storm of events — including the 2019 U.S.–China tariffs, the COVID-19 pandemic, and subsequent labor market challenges — the company engaged Antarctica Advisors to assist with the restructuring of its balance-sheet in order to boost cash flow and enhance flexibility. Antarctica Advisors worked to articulate management’s turnaround plan through detailed financial modeling and then engaged the capital markets in discussions centered around the significant value of the company’s assets, resulting in a long-term refinancing solution.

Matthew Doherty, President and Chief Executive Officer of U.S. Seafoods commented: “The refinancing strengthened our balance sheet with long-term debt that provides us the ability to reinvest a greater portion of our cash flow into our operational capabilities. Antarctica Advisors played a key role in helping potential investors and lenders to understand the considerable asset value of our fishing quota and fleet which was key to securing the refinancing.”

C.J. Arrigo, Director at Antarctica Advisors, commented: “U.S. Seafood’s position in the multi-species groundfish sector is unique in that it fishes in a wide variety of the regulated Alaskan fisheries. Its sizable quota portfolio is valuable in that it provided operational flexibility beyond many of its peers. Articulating this story to the market helped open a new chapter for this storied company and keeps it independently owned, by the fishermen who founded it.”

U.S. Seafoods operates an integrated trawl vessel fleet that includes 2 catcher processor vessels, and 4 catcher vessels, representing the largest limited access catcher vessel fleet in the Bering Sea and Aleutian Islands. Antarctica Advisors is the leading U.S.-based, independent investment banking firm providing corporate clients in the global Seafood Industry with specialized M&A, strategic 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.

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Antarctica Advisors LLC is a licensed broker-dealer, member of FINRA and SIPC.

For further information contact Charles Arrigo, Antarctica Advisors LLC, Carrigo@antarcticallc.com or visit www.AntarcticaLLC.com