ACON Equity Management’s $100 Million Acquisition of Suncoast Seafood Inc. and Raymond O’Neill & Son Fisheries Ltd.

Aird & Berlis advised the shareholders of Suncoast Seafood Inc. and Raymond O’Neill & Son Fisheries Ltd. on the deal. McCarthy Tétrault advised ACON.

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.  

Raymond O’Neill & Son Fisheries is a family opened and operated business that produces the best quality Atlantic Lobster. 

Located on the Northumberland Strait in New Brunswick, Canada, Suncoast Seafood specializes in processing fresh Atlantic Lobster. 

Aird & Berlis advised the shareholders of Suncoast Seafood Inc. and Raymond O’Neill & Son Fisheries Ltd., with a team that included Joel Rose (Picture), Jeremy Burke, Jesse Rosensweet, Joanne Coldwell, Barbara Worndl, Sarah Newman, Jessie Lewis and Emily Chittick.

McCarthy Tétrault advised ACON with a team led by Shevaun McGrath and Andrew Parker that included Matt Vaughan, Caitlin Choi, Vivian Sy, Ian Mak, Zachary Masoud (Business), Ben T. Aberant, Jessica Wuergler (Labour and Employment), Greg Winfield, Tracy Solhi (Pensions), Martha Harrison, Ashley Taborda (Trade Regulation), Raj Juneja, Emily Leduc Gagne (Tax), Joanna Rosengarten (Environment), Sarit Pandya (Real Property and Planning), and Vincent Yip (Technology).

 

Involved fees earner: Jeremy Burke – Aird & Berlis LLP; Emily Chittick – Aird & Berlis LLP; Joanne Coldwell – Aird & Berlis LLP; Jessie Lewis – Aird & Berlis LLP; Sarah Newman – Aird & Berlis LLP; Joel Rose – Aird & Berlis LLP; Jesse Rosensweet – Aird & Berlis LLP; Barbara Worndl – Aird & Berlis LLP; Raj Juneja – Davies Ward Philips & Vineberg; Benjamin Aberant – McCarthy Tétrault; Caitlin Choi – McCarthy Tétrault; Emily Leduc Gagne – McCarthy Tétrault; Martha Harrison – McCarthy Tétrault; Ian Mak – McCarthy Tétrault; Zachary Masoud – McCarthy Tétrault; Shevaun McGrath – McCarthy Tétrault; Andrew Parker – McCarthy Tétrault; Joanna Rosengarten – McCarthy Tétrault; Tracy Solhi – McCarthy Tétrault; Vivian Sy – McCarthy Tétrault; Ashley Taborda – McCarthy Tétrault; Matthew Vaughan – McCarthy Tétrault; Gregory Winfield – McCarthy Tétrault; Jessica Wuergler – McCarthy Tétrault; Vincent Yip – McCarthy Tétrault;

Law Firms: Aird & Berlis LLP; Davies Ward Philips & Vineberg; McCarthy Tétrault;

Clients: ACON Investments, L.L.C.; Raymond O’Neill & Son Fisheries Inc.; Suncoast Seafood Inc.;

Author: Sonia Carcano