Blue Harvest Fisheries Announces Management Succession Plan

NEW YORK — The Board of Managers of Blue Harvest Fisheries, LLC (“Blue Harvest” or the “Company”) announced today that the Company’s President and CEO, Jeff Davis, will retire from day to day operations in January. Mr. Davis played an integral role in forming the Company’s succession plan, and he will continue to devote time to the Company’s strategic initiatives in his capacity as the Chairman of the Board of Managers of the Company.

“Jeff Davis is a visionary leader within the seafood industry and he was instrumental in building Blue Harvest from an idea to what it is today,” said Scott Perekslis, Managing Partner and co-founder of New York-based private equity firm Bregal Partners. “Jeff and I have worked together for nearly two decades, and I wish him and his family the best in his well-deserved retirement.”

In connection with Mr. Davis’s retirement, the Board of Managers is pleased to announce that Keith Decker will assume the role of President and CEO of the Company, effective January 16. Decker comes to Blue Harvest with more than 25 years of seafood experience at industry-leading companies such as High Liner Foods Incorporated (“High Liner”) and Fishery Products International. Keith previously served as the CEO of High Liner from 2015 to 2017, and served as the President and COO of High Liner Foods (USA) Incorporated from 2008 to 2015.

Mr. Davis commented, “After playing an integral role in building Blue Harvest, it’s time to transfer the helm to the next generation of leadership. I look forward to working on high impact strategic initiatives as the Chairman of the Board and serving as a resource to Keith and the rest of the Blue Harvest team.”

Mr. Perekslis added, “We are very pleased to have Keith join the Company as President and CEO. His experience and expertise are invaluable assets to Blue Harvest as the Company looks to the future and seeks to grow further its vertically-integrated premium seafood platform.”

Keith Decker concluded by saying, “I am excited about guiding Blue Harvest on its next phase of growth. The Company’s access to world class, wild caught sustainably harvested seafood is on-trend with what consumers want and I believe that there are unique opportunities to better serve our customers.”

About Blue Harvest Fisheries

Blue Harvest Fisheries, established in 2015, is devoted to the sustainable harvesting, processing, and marketing of MSC-certified premium Atlantic sea scallops and the sales and distribution of other premium seafood products such as cod, flatfish, tuna, and swordfish. Blue Harvest is committed to harvest seafood from only well managed, sustainable fisheries and further strives to have all its seafood third party certified for sustainability. For more information on Blue Harvest Fisheries, please visit www.blueharvestfisheries.com.

About Bregal Partners

Bregal Partners is a private investment firm that invests alongside management teams to build industry leading companies in the middle market. Areas of focus include energy services, consumer, food and retail. With $600 million of committed capital funded by a sixth-generation family foundation with roots back to 1841, Bregal Partners brings experience, stability, and a long-term outlook to all of its investment activities. Bregal Partners is part of Bregal Investments, a global family of private equity and fund investment vehicles that has invested more than $12.5 billion since 2002. For more information on Bregal Partners, please visit www.bregalpartners.com.

Source: Blue Harvest Fisheries