Fort Dearborn advises HF Foods Group, Inc. - Great Wall Seafood

Fort Dearborn Partners (FDP) is pleased to announce that we served as sole financial advisor to HF Foods Group Inc. (NASDAQ: HFFG) and assisted in obtaining the financing to support the transaction in which HFFG acquired substantially all the operating assets of 9 related entities functioning under the Great Wall Seafood banner. 

FDP provided buy-side due diligence including a Quality of Earnings report for this acquisition which was challenging considering that the financial reporting for the 9 entities had never been audited and was not compliant with US GAAP.  Regardless, FDP utilized its extensive accounting and food distribution background to complete the Quality of Earnings within the tight timeframe established by the parties, which facilitated the financing process necessary to consummate the transactions.

HF Foods Group, Inc. is the industry leader in Asian/Chinese restaurant supply & food delivery servicing over 10,000 restaurants across the United States.