Underwater, In Demand: Trends in Mid-Market Marine Acquisitions

Three years ago our Rhode Island-based company managed the sale of a $4 million annual revenue premium retail seafood company in Manhattan. While working with buyers in that transaction, we realized that marine businesses were largely overlooked by the middle market investment community in the Northeast, unlike much of the Southeast which benefits from maritime-specific brokerage firms.

Five Questions With: Robert A. Flynn

Fisheries-related businesses, ferry services, onshore dock services, marinas and passenger vessels are examples of ocean and coastline business model transactions that we broker.

Our top segment focus is on marine protein, which is comprised of the major seafood processors who process the seafood, brand the products and sell to distributors. We will selectively represent seafood wholesalers and just last week we completed a sale of this type of business.