Denver (January 2020) – Class VI Partners (formerly CapitalValue Advisors “CVA”) is pleased to announce the divestment of SFC International, Inc. (“Seattle Fish KC”) a subsidiary of Seattle Fish Company (“Seattle Fish”) to Fortune International, LLC (“Fortune”).
For the last 16 years, Seattle Fish KC has operated as a seafood processor and distributor to the finest retailers, restaurants, and clubs in the Midwest region. “This is our second strategic acquisition in the last twelve months in the region and an important one for our future growth plans. We are thrilled to welcome the gifted Seattle Fish KC team to the Fortune family,” said Fortune’s President & CEO Sean J. O’Scannlain. The company will be rebranded as Fortune Fish & Gourmet Missouri. Scott Godke, the General Manager of Seattle Fish KC, will continue to oversee the Kansas City operations.
“We are fortunate to have been a part of this strategic decision by Seattle Fish to divest Seattle Fish KC and focus on its core market. The Iacino family has built a great business with a tremendous history of over 100 years of service, thanks to James and Edward. We look forward to seeing the entire Seattle Fish team continue as leaders in their industry with Derek
operating as CEO & President,” said Peter Bessone, Class VI Senior Analyst.
“Selling a business is intellectually straightforward but requires a nuanced and complex process. Seattle Fish was fortunate to have the support and guidance of Class VI during the sale of our Kansas City division. Class VI specifically brought deal experience, negotiating skills, and tactical support allowing our team to maximize our return and mitigate risk. Class VI provided holistic support and expertise through the entire process – from initial preparation through managing the close process. I recommend CVA to anyone in a similar position and look forward to maintaining a long-term partnership with Class VI,” said Derek Figueroa, Seattle Fish CEO & President.
Founded in Colorado in 1918, Seattle Fish was created to bring fresh seafood from Seattle to the people of Denver and the surrounding areas. Today, the company delivers quality products from hand-selected suppliers on American coasts and port cities around the world to more than 1,400 Rocky Mountain companies, making SFC one of the largest seafood distributors in the Western United States.
Fortune, founded in 2001, is a Chicago-based premier fresh and frozen seafood processor and specialty food distributor. Fortune has become one of the Midwest’s largest businesses in the industry and has a history of acquisitions in the space.
This transaction closed on January 15, 2020. Preeo Silverman Green & Egle served as legal counsel to Seattle Fish KC.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Derek Figueroa, CEO & President of Seattle Fish, is a client of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Derek Figueroa may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
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