Clear Springs Foods

Aquaculture Transaction

Integris Partners advised Riverence Holdings on its acquisition of Clear Springs Foods (both based in Idaho’s Magic Valley along the Snake River), creating the largest land-based producer of trout in North America. The company offers fresh and frozen dressed, filleted, and other trout products nationally to restaurant and food service operators, grocery chains, distributors, and pet food customers, operating out of 14 trout farms with the capacity to produce over 15,000 metric tons of trout (rainbow and steelhead) annually and employing over 450 people in total.

Riverence CEO Rob Young said “This transaction, combining two neighbors who have been long competitors but respect each other highly, was a generational opportunity. Integris helped us to make the case for Riverence as the preferred acquiror in a way that worked well for an employee-owned business with the decades-long legacy that Clear Springs has. More generally, we really valued the expertise that Integris brought us in a complex transaction that still has a pretty simple goal, namely the creation of a powerful, sustainable trout business that wins with the consumer.”