Antarctica Advisors Acts as Exclusive Investment Banking Advisor to Clear Springs Foods, Inc. in its 100% Sale to Riverence Holdings LLC

/in

February 4, 2020 – Antarctica Advisors LLC, the leading Seafood Industry-focused M&A advisory firm, acted as the exclusive investment banking advisor to Clear Springs Foods Inc. (“Clear Springs”), the leading grower and processor of rainbow trout in the US, in its sale to Riverence Holdings LLC (“Riverence”), a neighboring producer of steelhead trout.

Based in Idaho’s pristine Magic Valley, Clear Springs was established in 1966 and since 2000 has been employee-owned through an Employee Stock Ownership Plan (“ESOP”).  The merger of Clear Springs and Riverence creates the largest producer of trout in the Americas with unrivaled expertise ranging from brood stock, farm operations through processing and national distribution.  The scale of the new company will broaden the market for sustainably produced Idaho-raised trout and allow it to offer customers a wider range of quality products, including both rainbow and steelhead trout in fresh, frozen and value-added forms.

Read more

US trout farmer Riverence closes deal for larger rival Clear Springs

/in

The second-largest rainbow trout farmer in the US, owned by the creator of a multitude of hit TV shows, has a deal for its larger rival, Clear Springs Foods, making it, by far it the largest farmer of the species in the country.

The purchase by Riverence Holdings, the parent company of Idaho’s Riverence Farms, means that the combined vertically integrated farmer will include 14 farms with a total capacity of 15,000 metric tons annually, four brood stations, two processing facilities, a value-added processing arm, waste recovery plant and a feed mill, the company said.

Read more

Riverence acquires Clear Springs, creating America’s largest trout producer

/in

The company, backed by a Hollywood TV mogul, now has its sights on re-inventing the US trout market.

Idaho-based Riverence Holdings on Saturday announced it acquired rival trout giant Clear Springs Foods, making the group the largest producer of land-based trout in the Americas.

With the Clear Springs deal, the company’s operations now include Riverence Brood in Washington State and Riverence Farms, and gives it an even stronger position as a vertically-integrated producer.

Read more