NAVIGATION

October 16, 2017

Press Release

Florida Organic Aquaculture LLC Retains M&A Specialist, Equity Partners HG

| 9/12/2017

FELLSMERE, Florida -- By order of the US Bankruptcy Court for the Southern District of Florida, Case Nos. 17-21251-EPK & 17-15012-EPK, Equity Partners HG will conduct the auction of Florida Organic Aquaculture LLC ("The Company"), along with the assets of Sustainable Aquaculture Initiative, LLC, on October 3, 2017. The Company had retained Equity Partners HG to seek a buyer for the state-of-the-art, technology-driven shrimp farming operation. Located on 100 acres in Southern Florida, the Company breeds, processes and sells all-natural shrimp for the US domestic market in a scientifically advanced, indoor and bio-secure aquaculture facility.

Florida Organic Aquaculture has focused their research on alternative shrimp dietary approaches and developing successful cultivation processing techniques. A water treatment methodology and emergency back-up devices maintain perfect growing conditions year-round. The Company's technological advantages have eliminated the limitations faced by competitors allowing production yields of approximately 20 times more shrimp than traditional pen and pond farms. These production methods enable faster grow out, making it practical to sell shrimp that command up to twice the price of commodity sizes. Finished products are currently sold directly to a tier one grocery chain, seafood wholesalers and several prominent seafood restaurants.

Future opportunities include franchising out the Company's technology and know-how, to become the leader in the shrimp farming market. To date the company has had inquiries to create sister projects in California, Hawaii, and Wyoming, as well as from Europe, China, and the Middle East. The Company is also developing a value add component to leverage their shrimp and create additional revenue.

Hank Waida, a Managing Director at Equity Partners HG, says that "This is an excellent opportunity to invest in or purchase a state-of-the-art shrimp farming operation with infrastructure in place to quickly expand as needed."

The bid deadline for all firm bids and deposits is September 29, 2016 to Hank Waida at Equity Partners HG. The bid deadline to be considered as the "Stalking Horse" bid is September 15, 2017.

Equity Partners HG, formerly "Heritage Equity Partners", based in Easton, MD, provides investment banking services and has completed in excess of 400 engagements throughout the United States since 1988.

Tags: Agriculture

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