Peter Pan Seafoods Acquisition

Situation

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.

ZS Role

NWF and McKinley Capital engaged Zachary Scott to negotiate the successful acquisition of PPSF’s business and arrange debt financing.

Results

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.

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