Jeff Davis confirms deal for scallop fishing firm Peabody Fisheries

April 23, 2015 Mid Atlantic

Jeff Davis and private equity Bregal Partners have inked a deal for US scallop fishing firm Peabody. Davis confirmed the deal closed on Thursday. On Feb. 12, Undercurrent reported the deal was in the works. He will become CEO of the new company, which will be named Blue Harvest Fisheries. Peabody, based in Newport News, Virginia, has a fleet of eight scallop vessels. Sources told Undercurrent the purchase price was in the region of $40 million. Davis declined to comment on this. Read the rest here 21:20

Bregal Partners, Jeff Davis, Peabody Fisheries

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The New England groundfish debacle (Part III): who or what is at fault? Nils E. Stolpe/FishNet

It took me a while to decide how to most accurately describe the situation that has been visited upon the New England fishing communities that are and since colonial times have been dependent on the groundfish fisheries.

NILS STOLPE: The New England groundfish debacle (Part IV): Is cutting back harvest really the answer?

While it’s a fact that’s hardly ever acknowledged, the assumption in fisheries management is that if the population of a stock of fish isn’t at some arbitrary level, it’s because of too much fishing. Hence the term “overfished.” Hence the mandated knee jerk reaction of the fisheries managers to not enough fish; cut back on fishing. What of other factors? They don’t count. It’s all about fishing, because fishing is all that the managers can control; it’s their Maslow’s Hammer. When it comes to the oceans it seems as if it’s about all that the industry connected mega-foundations that support the anti-fishing ENGOs with hundreds of millions of dollars a year in “donations” are interested in controlling. Read the article here

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