SNH Capital Partners has acquired a majority stake in Arctic Fisheries Ltd., a longstanding player in the North American seafood market, marking its first investment in this sector.

Target Company Overview

Arctic Fisheries Ltd., a renowned entity in the North American Seafood Industry, traces its roots back to 1921. The company specializes in importing and distributing premium seafood products to foodservice customers nationwide, showcasing a diverse range that includes Groundfish, Crab, and Lobster products. With a commitment to quality and sustainability, Arctic Fisheries has built a strong reputation over the decades. Post-transaction, Michael Kotok, the current owner and CEO, will maintain a minority stake in the company and will continue to guide its growth alongside his experienced team.

Industry Overview in North America

The North American seafood market is characterized by its robust demand for a wide variety of seafood products. The industry has seen consistent growth driven by increasing consumer awareness regarding healthy diets and the nutritional benefits of seafood. With the rise of food service establishments and grocery chains focusing on sustainable sourcing, there exists a substantial market for premium seafood.

Furthermore, innovations in aquaculture and sustainable fisheries management have provided new opportunities for businesses within the sector. As the market evolve