Chicago, IL – August 25, 2010; City Capital Advisors, LLC is pleased to announce a majority of the ownership of Los Angeles based Certi-Fresh Foods Inc. (Certi-Fresh), the leading quality seafood processor throughout the U.S., was purchased by Sakana Holdings. City Capital served as the exclusive financial advisor to Certi-Fresh in this transaction.
In the spring of 2009, Certi-Fresh engaged City Capital to assist it in the sale of the business. City Capital managed a global process in which it contacted both strategic and financial investors interested in providing Cert-Fresh with the financial backing needed to support its growth, including the possibility of a sale of a controlling interest in the Certi-Fresh business. Ultimately, Sakana acquired Certi-Fresh and will be supporting the growth of the Certi-Fresh Business.
About Certi-Fresh Foods Inc.
Headquartered in Bell Gardens, California, Certi-Fresh Foods is a recognized leader in the seafood industry that offers fresh and breaded seafood products—from fresh halibut, yellowfin tuna, sea bass, swordfish and salmon to gourmet breaded scallops, oysters, fish, and vegetables.
The Company’s quality control standards are well-documented. Its processing and packing facilities adhere to the most stringent food safety standards in the industry, guaranteeing that all of their products are the freshest and safest available.
Today, Certi-Fresh is the resource of choice for a multitude of restaurants, high-end grocery chains and foodservice distributors. Certi-Fresh approaches all of its clients as long-term relationships, and is committed to fulfilling every customer’s expectations. The Company’s staff has more than 100 years of combined seafood industry and restaurant experience, enabling it to create profitable seafood solutions that add versatility, value and appeal to any menu.
About City Capital Advisors
City Capital is a results-oriented investment and merchant banking advisory firm dedicated to delivering business owners optimal performance in capitalizing on the value of their companies. Client engagements are managed by experienced senior bankers who have built successful practices at renowned investment banks, but sought a highly focused environment from which to advise their clients in a highly responsive manner. Advisory capabilities include mergers and acquisitions, typically in the $30 million to $500 million value range, leveraged recapitalizations, private capital formation for growth/acquisition/ownership transition, financial restructurings and managing direct investments. Long standing relationships with strategic buyers and financial sponsors with interests across a wide variety of industries enables City Capital to offer its clients unique and proprietary execution capabilities. Since becoming a FINRA registered broker-dealer in 2007, City Capital has successfully advised on transactions totaling in excess of $1 billion.