DOJ Digs Into “Competition Concerns” in New England Fishing Industry

The U.S. Department of Justice has begun looking at possible antitrust issues in the New England fishing industry, amid growing concern about consolidation and market dominance by private equity investors. One such firm is Blue Harvest Fisheries, which operates out of New Bedford, Massachusetts, and is the largest holder of permits to catch groundfish such as pollock, haddock and ocean perch. The investigation traced the company’s ownership to a billionaire Dutch family via a private equity firm. Over the past seven years, records show, the company has purchased the rights to catch 12% of groundfish in the region, approaching the antitrust cap of 15.5%. It further boosts its market share by leasing fishing rights from other permit owners. >click to read< 07:50

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