Aquamar, Inc.

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Aquamar, Inc. - overview

Established

1991

Location

Rancho Cucamonga, CA, US

Primary Industry

Food

About

Aquamar, Inc. is a seafood production company specializing in high-quality, ready-to-eat seafood products, particularly surimi-based items, catering to health-conscious consumers in North America and Europe. Founded in 1991 and headquartered in Rancho Cucamonga, US, Aquamar, Inc. produces seafood products, focusing on surimi offerings.


The company was acquired by The Cambria Group in January 2018, although the financial details were undisclosed. CEO Daryl Gormley's leadership continues to drive the company's strategic direction. Aquamar specializes in the production of high-quality seafood products, particularly surimi-based offerings. Their product range includes ready-to-eat items such as surimi lobster chunks, crab cakes, seafood rolls, and various mussels, including Aquamar Steamed Mussels with Tomato & Garlic and Aquamar Albariño Mussels with White Wine & Butter.


These products aim to provide convenient, low-fat, and low-cholesterol protein options that are fully cooked and ready for use in a variety of meals, catering to both individual consumers and home cooks across North America and Europe. Aquamar generates revenue through direct sales of its seafood products to retailers and wholesalers, as well as through partnerships with food service operators. The business model focuses on volume sales, leveraging the popularity of their ready-to-eat seafood items and aligning pricing with competitive seafood market standards. This strategy fosters customer loyalty and repeat purchases by appealing to health-conscious consumers seeking convenient meal solutions.


In light of its recent acquisition in January 2018, Aquamar plans to innovate its product line by introducing new seafood offerings in the coming years. The company is targeting expansion into additional markets in Europe by 2025. Recent funding will be utilized to support product development and market entry strategies, ensuring that Aquamar meets growing consumer demands for convenient seafood options.


Current Investors

Huron Capital Partners, Salt Creek Capital, The Cambria Group

Primary Industry

Food

Sub Industries

Meat, Poultry & Seafood Products, Food & Beverage Distribution

Website

www.aquamarseafood.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Aquamar, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedShining Ocean, Inc.-
BuyoutCompletedAquamar, Inc.-
GrowthCompletedAquamar, Inc.-

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