ANCHORAGE, ALASKA — The Peter Pan Seafood Company is combining operations with Northwest Fish Co., under new ownerships comprised of Rodger May of Northwest Fish, the Na’-Nuk Investment Fund, LP, and the RRG Global Partners Fund.
The new company will be known as New Peter Pan and is a vertically integrated seafood company with deep Alaska roots built on strong, mutually beneficial relationships with key stakeholders, including employees, customers, fleet, suppliers, business partners, and communities.
“As a lifelong Alaskan, I am enthusiastic about investing in the Alaska seafood industry, and especially in bringing a storied seafood processor like Peter Pan back under US and Alaska leadership,” said Rob Gillam, chief executive officer and chief investment officer of McKinley Capital. “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, and investors."
Northwest Fish was founded by entrepreneur Rodger May and is one of the fastest growing seafood companies in North America. May will join New Peter Pan leadership as president and chief growth officer.
“Combining Northwest Fish and Peter Pan's assets creates a vertically integrated, sustainable seafood platform,” said May. “New Peter Pan aligns the customer-focused mindset and value-added offerings we've developed at Northwest Fish with a high-quality Alaska seafood supply. This means that we’ll be able to provide more markets for the combined companies' products and create opportunity throughout the entire supply chain.”
New Peter Pan will continue to operate facilities in Dillingham, King Cove, Port Moller, and Valdez with headquarters in Bellevue, Wash. The new ownership group is committed to continuing operations with little disruption.
The new company’s vision is to “produce sustainable seafood for the benefit of oceans and people.” At the core of its mission is a devotion to customers and stakeholders, and a desire to be a global supplier of top-quality, responsibly sourced seafood, according to the company.
“We are passionate about supporting local fishing communities and providing healthy, sustainable seafood to consumers across the globe while preserving ocean ecosystems,” said Ari Swiller, co-founder of RRG Capital Management. “We believe that sustainably managed, vertically integrated seafood companies are attractive investments and create environmental and social benefits. 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.”