MidOcean Partners has bought Louisiana Fish Fry Products Inc. from an affiliate of Peak Rock Capital, a middle market private investment firm.
Louisiana Fish Fry is a Louisiana-inspired flavors and seasonings business offering products across four categories – coatings, sauces & marinades, spices & seasonings, and bases & mixes – to retail and foodservice customers nationwide.
Michael Morse, president and chief executive officer of LFF, added, “We are appreciative of the partnership that Peak Rock and our board have provided over the past few years. Peak Rock has been tremendously supportive and an invaluable partner to LFF, enabling the Company to emerge as the category leader it is today. We are excited to build on our accomplishments in this next stage of growth with MidOcean. I also want to thank the entire LFF team, as well as our valued customers and consumers, to whom we are extremely grateful.”
Robert Strauss, managing director of Peak Rock, said, “It has been a great pleasure working with the LFF management team over the last three years. In partnership with Peak Rock, LFF has made significant investments across the organization, accelerated the Company’s new product innovation efforts, achieved significant distribution gains, and continued to expand Louisiana Fish Fry’s brand awareness, all of which have driven strong sales growth and positioned the Company for long-term success.”
Morgan Stanley & Co. LLC acted as the financial advisor and McDermott Will & Emery LLP acted as the legal advisor to the company on the transaction.