Panapesca USA Corp
About Panapesca USA Corp
Company overview
PanaPesca USA is a seafood importing and marketing company founded in 1992 by Michael Davis, with its headquarters located in Pembroke, Massachusetts. PanaPesca USA is a U.S. subsidiary of PanaPesca Group, founded in 1972 and based in Italy. The company operates as a supplier of premium frozen seafood, sourcing products globally for distribution to foodservice, retail, and consumer markets. Business/Product Breakdown PanaPesca USA provides a selection of frozen seafood items, including calamari, clams, medleys/mixes, mussels, octopus, scallops, shrimp, cuttlefish, and calamari poppers, with products sourced from international partners and packed to specific standards. The company supports supply chains for foodservice distributors, restaurant chains, retail organizations, and buying groups, managing seasonal logistics to ensure consistent availability. It has introduced innovations such as vacuum-packed clams and mussels, fully cleaned calamari, and other specialized items, while committing to sustainability efforts in seafood sourcing.
Keywords
Revenue
EBITDA
Valuation
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenues | $380 MM | $250 MM | $90 MM | $120 MM | $65 MM |
| Gross Profit | $190 MM | $125 MM | $45 MM | $60 MM | $32.50 MM |
| Net Income (Loss) | $43 MM | $25 MM | $9 MM | $12 MM | $6.50 MM |
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total Assets | $850 MM | $720 MM | $680 MM | $650 MM | $600 MM |
| Total Liabilities | $450 MM | $400 MM | $380 MM | $350 MM | $320 MM |
| Total Equity | $400 MM | $320 MM | $300 MM | $300 MM | $280 MM |
Ratios
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%
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