Bell Aquaculture, owner and operator of the nation’s largest yellow perch (Perca flavescens) farm, has retained SDR Ventures, Inc., a Denver-based investment bank, to raise $15 million of equity capital. The announcement is made by Michael Miller, Bell Aquaculture President & COO, who says this equity raise is the first step in scaling the yellow perch farm from a current annual production level of 208,000 pounds of fillets per year to 8.5 million pounds of fillets per year by 2015.
“Rarely do you see a young company with the focus, commitment and vision exhibited by Bell Aquaculture,” Chris Bouck, SDR Ventures founder, says. “Through significant capital investment and partnerships with the leading minds in the industry, Bell Aquaculture has perfected the model for a profitable, large-scale indoor water-recirculating aquaculture farm. We look forward to securing the capital, and more importantly, linking Bell Aquaculture with a financial partner, or partners, that share the Company’s vision and commitment.”