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Oct 26, 2021

Shareholders of Suncoast Seafood Inc. and Raymond O’Neill & Son Fisheries Ltd. Complete $110 Million Sale

Joel M. Rose, Jeremy D. Burke, Jesse Rosensweet, Joanne C. Coldwell, Barbara Worndl, Sarah Newman, Jessie Lewis and Emily Chittick

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.

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