Specialty Seafood Importer

Description:
The Company is primarily an importer and distributor of fresh and frozen specialty seafood, serving food service distributors, restaurant operators, industrial processors, and retail grocery customers. In addition to its core seafood product lines, the Company opportunistically sells frozen fish products. The Company also sources select seafood through an international affiliated entity.

Key Aspects:
• The Company's gross profit and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 31.7% and 54.8%, respectively, from 2022 through the trailing twelve months (TTM) ending June 30, 2025.
• The Company is engaged in a joint venture in Latin America that operates a seafood processing facility.
• On average, the Company sells approximately 4.75M pounds (lbs.) of seafood annually.
• The Company's flexible global sourcing model and scalable operations enable it to pursue new sales opportunities while maintaining high standards of service and product quality.
• Customer affiliations are long-standing and highly stable, built on consistent product quality and exceptional service.
• The Company operates a lean, scalable infrastructure by outsourcing warehousing, logistics, and payroll functions, while maintaining efficient inventory turnover.
• The Company benefits from 80+ years of combined leadership experience within the global seafood industry.

Opportunities:
• Continue expanding sales in North America and other international markets, including retail and food service.
• Capitalize on the Company's strong brand reputation across its in-house brands.
• Direct-to-consumer (D2C) and specialty e-commerce channels represent untapped opportunities to diversify revenue and reach new market segments.
• Enhance investment in digital marketing and social media engagement to accelerate customer adoption and brand loyalty across key buyer segments.
• The Company's third-party warehouse network provides ample capacity to accommodate volume growth, and personnel resources can be efficiently scaled to support increased demand.

Headquartered:
• Northeast, US

Real Estate:
• The Company leases corporate office space (2,400 sq. ft.) in the Northeast US from an affiliated entity. The corporate office is not included in the sale of the Company; however, the owner is willing to enter into a long-term lease agreement. In addition, the Company leases office and lab space (600 sq. ft.) within a warehouse in the Mid-Atlantic US. This warehouse is owned by an unrelated third party.

Shareholder Objectives:
• The owners are seeking retirement but are willing to remain for a transitory period to facilitate a smooth transition to new ownership.