November 2, 2022
BOSTON, MA — Dunn Rush & Co. LLC is pleased to announce the recent closing of the sale of Lobster Trap Co., Inc. (“Lobster Trap”) to Chatham Fish & Lobster Co., Inc. (“Chatham Fish”). Dunn Rush & Co. served as financial advisor to Lobster Trap in the transaction.
ABOUT LOBSTER TRAP
Lobster Trap (www.lobstertrap.com) is one of the largest U.S.-based global distributors of live lobsters to commercial and retail customers. The Company has established a reputation for uncompromising product quality and exceptional customers service. Lobster Trap was founded in 1972 and is based in Bourne, Massachusetts with buying stations in Machiasport and Addison, Maine and a processing center in Steuben, Maine.
ABOUT CHATHAM FISH
Chatham Fish (www.chathamfish.com) is a landmark seafood wholesale company supplying local restaurants, fish markets, catering and hospitality companies with the freshest seafood, native lobsters and superior shellfish for over 30 years. Chatham Fish is headquartered in Chatham, Massachusetts.
Dunn Rush & Co. LLC was founded in 2009 to provide high quality merger and acquisition advisory services to middle market companies valued between $20 million and $250 million. Dunn Rush & Co. LLC has significant expertise in the following industry sectors: Business Services; Consumer; Defense & Security; Healthy Living; Infrastructure Construction Services; Instrumentation; Manufacturing & Distribution; Medical Technology & Services; and Technology, Software & Data Services. The Firm is a registered Broker-Dealer and is headquartered at 101 Federal Street, Suite 1900, Boston MA 02110. For further information, please visit our website at www.dunnrush.com or contact us at 617-451-0001.
What Clients Are Saying About Dunn Rush
When I decided to sell my third generation, family business, I had many concerns. I wanted to be represented by an Investment Bank who had a strong reputation in the mergers and acquisition market, knew the market we participated in well enough to target likely interested parties, and who would manage the process of the transaction with various family members with various personal interests.
I had never sold a business before and didn’t realize everything that went into it, or the time involved. One of my best decisions was hiring professionals, Dunn Rush & Co., to guide us through the sale process. Their experience, determination and guidance resulted in a very smooth and efficient transaction. They were especially helpful during the negotiations over price. We achieved optimal results for all constituents: our shareholders, employees and customers.
I have seen the Dunn Rush team perform in several sell-side situations. You want them on your team! Their preparation and attention to detail is impressive. They are also real good people to have by your side during a stressful time. In the case of Bridgeport Fittings, Kevin and Greg introduced us to their Gold Standard of Preparation and we took their advice getting audited financial statements and a Quality of Earnings report. This preparation made the due diligence process go smoothly, helped the firm proactively address issues and greatly improved the due diligence process. The final results exceeded our expectations.