HF Foods Group to Acquire Searay Foods, a Highly Attractive Canadian Importer and Distributor of Ethnic and Specialty Seafood Products, Marking the Company's First International Expansion
HF Foods Group (HFFG) announced a definitive agreement to acquire Canadian seafood importer Searay Foods for approximately US$35 million, marking the company's first expansion outside the United States. The transaction is valued at 5.0x Searay's projected 2025 Adjusted EBITDA of CAD$9.6 million and is expected to be immediately accretive to margins and EPS upon closing in Q3 2026.
Key figures
- Deal Value Usd
- 35000000
- Deal value cad
- CAD$47.9 million
- Ebitda multiple
- 5.0x
- Target revenue cagr
- 15%
- Target ebitda margin
- 14-15%
- Target 2025 ebitda cad
- CAD$9.6 million
AI analysis
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