Peter Pan Seafoods, Inc. (“PPSF” or the “Company”) is a respected salmon processor in the state of Alaska with a 100-year history and 40 years under Maruha ownership. Following several disappointing loss seasons, Maruha decided to sell its interest.
Northwest Fish Company (“NWF”), which is a re-processor of seafood products for the retail and foodservice markets, and its owner Rodger May, teamed with McKinley Capital, an Alaska-based equity investor, and Renewable Resource Group, a California-based equity investor, to acquire the business of PPSF and integrate it with NWF to create a “new” Peter Pan Seafoods that will change its focus from a commodity processor to a value-added product producer with direct domestic retail customers.
NWF and McKinley Capital engaged Zachary Scott to negotiate the successful acquisition of PPSF’s business and arrange debt financing.
Zachary Scott took a lead role in negotiating critical terms in the purchase, coordinated due diligence, arranged $80 million of financing, and helped the three owners solidify their arrangement.