Piper Sandler has been retained by a leading distributor of food products and other goods to cruise lines in the U.S. (“Lido” or the “Company”). Lido is considering (a) a full sale of the Company, (b) sale of a majority equity stake in the Company, or (c) a sale of one of the Company’s segments.
Since its founding approximately 75 years ago, Lido has served as a food distributor to leading U.S. industries and pivoted to focusing on the cruise industry approximately 25 years ago. The Company serves leading blue-chip cruise lines through its two distribution facilities: a 114,000 square foot facility on the East Coast of the U.S. and a 79,000 square foot facility on the West Coast of the U.S. The Company offers a comprehensive product selection, consisting of dry food products, frozen food products, various protein products, and bonded items.
Piper Sandler has been retained by the leading Fresno-based seafood wholesaler and grocer primarily focused on seafood and Asian food products (“Pesce” or the “Company”). The Company is considering a full sale.
Pesce is a family-owned and operated seafood wholesaler, grocer and small restaurant that has a 70+ year track record as a destination experience and go-to for fresh, quality seafood within the Fresno community. The Company maintains 10,000 sq. ft. for its operations, which consist of 5,000 sq. ft. of retail space coupled with 1,000 sq. ft. of restaurant space. Pesce’s complementary business segments facilitate a diversified platform that serve a variety of end markets, including the wholesale market, retail seafood customers, restaurant customers and grocery customers. The Company has an attractive cash flow profile and has generated significant results in 2020, despite COVID-19.
Planned Sale Close Dates:
First Week of November 2020 for both Project Lido and Project Pesce.
Sale Contact / More Info: Gino Demonte, [email protected].
DailyDAC™ is the oldest, most trusted, and most widely used provider of public notices of asset sales and case commencements, and other important notices involving companies in financial distress in the United States and Canada. DailyDAC™ public notices are used by bankruptcy trustees, chapter 11 debtors in possession, federal and state court receivers, and secured parties disposing of their collateral under Article 9 of the Uniform Commercial Code or other state law trust (and their respective auction firms, law firms, and other agents). Learn more.
Many sales of distressed companies and distressed business assets are not widely advertised. If you are buyer of such companies or assets, you may be well served by becoming a paying subscriber to Distressed Deal Data™. Find out more.
PUBLIC NOTICE OF ABC SALE: Confidential Furniture Rental Company
PUBLIC NOTICE OF ARTICLE 9 SALE: Chanje Energy, Inc.
PUBLIC NOTICE OF SECURED PARTY SALE: KL 3240 LLC
PUBLIC NOTICE OF 363 SALE: Allied Healthcare Products
PUBLIC NOTICE OF UCC SALE: 7 Campus NJ, LLC
Commercial Receivers Association and the DailyDAC Partner to Bring Receivership 101 Series
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.