Investcorp, the Bahrain-based international financial institution specializing in alternative investments, announced today, Wednesday, that it has acquired Fortune International, LLC, which specializes in seafood distribution. And luxury food products, given that the terms of the deal were not disclosed.

Fortune was founded in 2001 by CEO Sean Ocanlin, who will continue to lead the company and maintain a large share of its ownership. The company has built a loyal and diversified customer base thanks to its commitment to provide fresh and high-quality products and to provide leading levels of service.

Under a strong management team led by the founder, Fortune has grown to be one of the largest distributors of seafood and specialty foods in the United States.

Fortune is active in distributing fresh seafood, frozen seafood, and delicacy, and provides more than 12,000 stock keeping units for fine restaurants, grocery stores, hotels, and other customers, across regions Mainly the midwestern United States.

The company has constantly expanded its geographical scope by accrediting specialized distributors in strategic markets.

In order to maintain operational flexibility, Investcorp and Mr. Oskanlin capitalized the company with a conservative capital structure to finance the acquisition strategy and accelerate the geographical expansion of Fortune.

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In this context, Investcorp Co-CEO Hazem Bin Qassim said: The distribution of private food services in the United States is a highly fragmented, flexible and expanding market of 40 billion dollars. Dollars.

He added: We believe that Fortune is in a good position to win a large share through its unique platform as a specialized institution in the field of seafood offering a wide range of products of high quality and high-level service . We have a long history of partnering with companies led by its founders, and we look forward to working with Sean and his talented team over the coming years.

Fortune operates from a modern facility in Pennsylvania, Illinois, near the Chicago O'Hare International Airport, enabling timely delivery of products across the major Midwestern cities.

In addition to the Pennsylvaniaville facility, Fortune operates facilities in Minneapolis (Minnesota), St. Louis (Missouri), Kansas City (Missouri), Bayeux-La-Pater (Alabama) , Birmingham (Alabama), and Picayune (Mississippi).

For his part, a founder stated ...