Louisiana Fish Fry Products—which manufactures and sells Cajun and Creole cooking products from the Plank Road facility adjacent to sister company Tony’s Seafood—has been acquired by an affiliate of Austin-based private equity firm Peak Rock Capital for an undisclosed price.
Tony’s Seafood was not part of the deal and will remain locally owned by the Pizzolato family, which founded Tony’s Seafood in 1972 and Louisiana Fish Fry Products in 1982.
Peak Rock Capital executives say in a statement they intend to invest in the company and help grow it, adding they “look forward to working with existing management and employees of Louisiana Fish Fry in their current roles.”
Peak Rock Capital is a middle market PE firm that manages more than $2 billion in equity and debt funds. Louisiana Fish Fry is the eighth food-related company in the past two years the firm has added to its growing portfolio.
Louisiana Fish Fry and Tony’s Seafood reported combined revenue of $61.1 million in 2017, an increase of 1.8% from the year previous, ranking it No. 71 on Business Report’s Top 100 Private Companies. In recent years, Louisiana Fish Fry has accounted for more than 70% of combined company revenues.
Louisiana Fish Fry products are distributed in all 50 states and seven foreign countries.