Shareholders of Suncoast Seafood Inc. and Raymond O’Neill & Son Fisheries Ltd. Complete $110 Million Sale
The shareholders of Suncoast Seafood Inc. and Raymond O’Neill & Son Fisheries Ltd., two of the largest New Brunswick lobster processors, sold their shares to ACON Equity Management, L.L.C. (the “Fund”), a U.S. private equity firm situated in Washington D.C., for $110 million. The Fund is establishing a significant platform to consolidate companies within the seafood industry.
Aird & Berlis advised the shareholders of Suncoast Seafood Inc. and Raymond O’Neill & Son Fisheries Ltd., with a team that included Joel Rose, Jeremy Burke, Jesse Rosensweet, Joanne Coldwell, Barbara Worndl, Sarah Newman, Jessie Lewis and Emily Chittick.