Peter Pan Seafoods has a new lease on life, emerging with a new name and new owners effective Jan. 1 as New Peter Pan. The sale was finalized on Dec. 31.
The vertically integrated seafood company with deep Alaska roots is now the property of an ownership group comprised of Rodger May of Northwest Fish, the Na’-Nuk Investment Fund LP, managed by McKinley Capital Management LLC, and the RRG Global Partners Fund, managed by RRG Capital Management LLC.
“My partners and I want to show the world that Alaska offers world-class sustainable seafood investment opportunities that result in benefits to the state of Alaska, our fishing families and coastal communities,” said Rob Gillam, chief executive officer and chief investment officer of McKinley Capital, in Anchorage.
“Grounded in Alaska, acting globally,” he said. “That’s one of our core values.”
Gillam said that despite the struggles of 2020 that consumer demand for wild, natural and sustainable Alaska seafood remains high. “As markets begin to reopen and rebound, New Peter Pan is positioned to harness the brand strength of Alaska seafood as we transform the company and begin to create a new legacy,” he said.
May, the founder of Northwest Fish, one of the fastest growing seafood companies in North America, will join New Peter Pan as president and chief growth officer. May said he sees the combining of Northwest Fish and Peter Pan assets as a means to provide more markets for the combined companies’ products and greater opportunity throughout the entire supply chain.
Ari Swiller, co-founder of RRG Capital Management, said the new owners are passionate about supporting local fishing communities and providing healthy, sustainable seafood to the world while preserving ocean ecosystems. “We believe that sustainably managed, vertically integrated seafood companies are attractive investments and create environmental and social benefits,” he said. “By focusing New Peter Pan on its customer and fleet services, we’re confident we can create tremendous value for our customers and our stakeholders.”
New Peter Pan will continue to operate facilities in Dillingham, King Cove Port Moller and Valdez, with a commitment to continuing operations with little disruption, the new owners said.
The core of its mission, they said, is a devotion to customers and stakeholders, and a desire to be a global supplier of top quality, responsibly sourced seafood.
