Keyport LLC
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Keyport LLC is a family-owned seafood company headquartered in Edmonds, Washington, founded in 1997 by Darryl Pedersen. The company specialize in wild-caught seafood, especially crab products, processing, and wholesale distribution across the United States. Keyport is vertically integrated (from ocean to table). They serve multiple customer types: seafood distributors, retailers, restaurants, etc. Their product lines include a variety of crab species (King, Snow, Dungeness), plus other wild seafood. Product / Service Line Breakdown: 1. Wholesale Crab Products - Keyport supplies several types of crab species in large / bulk / wholesale quantities. These include: Red King Crab, Golden King Crab, Snow Crab, Dungeness Crab. 2. Wild Choice Seafood Products - A branded line of frozen wild-caught seafood (other than just crab), for sale via wholesale channels. 3. Entrées (Prepared / Value-Added Products) - Under the Wild Choice label, they offer more processed or ready-to-cook / ready-to-serve options (entrées). These likely involve some processing beyond raw frozen seafood. 4. Frozen Seafood (Non-Crab Species) - They also process and distribute non-crab wild species, such as salmon, cod, sablefish etc. 5. Custom Cuts & Packaging - They offer specialized cuts (e.g. portions, legs, clusters), and custom packaging to suit retailer, restaurant, or distributor requirements. 6. Ocean Harvest / Sourcing - This includes sourcing wild-caught seafood, managing fisheries relationships, ensuring sustainability, handling harvesting in arctic / cold water fisheries (e.g. Bering, Barents seas) for King crab etc. 7. Processing & Freezing - Processing of harvested seafood: cleaning, cutting, freezing, packaging for wholesale distribution. This is part of their "ocean to table" control. 8. Distribution / Logistics - Delivering frozen seafood products to restaurants, retailers, and distributors across the U.S. Maintaining cold-chain, handling transportation, etc.
Keywords
Keywords
Classified
Private