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ICR Inc. handles Fortune International as it acquires D’Artagnan, a leader in the “farm-to-table” movement, in a deal pegged in the $100M range.
Union, NJ-based D’Artagnan distributes free-range meat and all-natural poultry, foie gras, mushrooms and truffles to high-end restaurants and retailers. It has 260 workers.
It has developed a network of independent farmers and ranchers who must abide by its quality and conscientiously-raided meat standards.
Fortune International is the parent company of Fortune Fish & Gourmet food distributor that serves white-tablecloth restaurants, private clubs, hotels and gourmet shops. It has more than 10,000 customers in the southeastern US.
The deal expands Fortune’s footprint to the northeast and combines its strength in seafood with D’Artagnan’s free-range meat products.
ICR’s Doug Donaksy and Joe Crisci handle Fortune.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
