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New Deal


Announced

ACON Investments to acquire Suncoast Seafood and Raymond O’Neill & Son Fisheries from GT Securities.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Majority

Pending

Friendly

Food Products

Cross Border

Private

lobster processor

Acquisition

Canada

Single Bidder

Synopsis

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ACON Investments, a private equity firm, agreed to acquire Suncoast Seafood and Raymond O’Neill & Son Fisheries, two lobster processors, from GT Securities, a full service investment banking platform. Financial terms were not disclosed. “We have a deep appreciation and respect for the leaders of this platform. They have trusted us with their partnership and we look forward to supporting their continued growth, both organically and through a focus on further add-on acquisitions, as leading providers of sustainably sourced premium seafood,” Suma Kulkarni, ACON Partner.

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