The Company

Florida Organic Aquaculture

Fellsmere, FL based state-of-the-art, technology driven shrimp farming operation.

The Challenge

Unexpected costs associated with the final design and construction of the facility did not allow for sufficient working capital once the project was ready for production. The companies filed chapter 11 bankruptcies to provide time to find an investor or buyer to fund the operation.

The Process

Equity Partners HG undertook an exhaustive marketing effort that lead to numerous groups from all over the world conducting due diligence.

The Solution

An auction of going concern buyers was held, with three bidders, which maximized the recovery for the estate and its creditors. A sale was approved to a company that represented a group of EB-5 investors that participated in the original money raise for the project, allowing them to maintain their visas.