Broodstock Capital acquires majority stake in Neptun Salmo to build independent hatchery platform.
Private equity investor Broodstock Capital has acquired a majority stake in Neptun Salmo , a hatchery producer based in Nord-Trøndelag, Norway. The investment combines a share purchase from existing owners with a capital injection to support further growth.
Neptun Salmo, which opened a new production facility based on recirculating aquaculture system (RAS) technology in 2024, currently produces around 5.4 million smolts annually. The company recorded turnover of approximately NOK 90 million ($8.91 million/€7.74 million) in 2024 and employs 16 people across its land-based facilities in Røyklibotn and Survik, both in Namsos municipality.
Broodstock said the transaction marks the foundation of a broader strategy to develop a larger, independent hatchery platform through both organic expansion and acquisitions.
“Everyone agrees that good hatchery fish are crucial,” said Broodstock partner Håkon Aglen Fredriksen. “We also believe that specialisation in the value chain will be a sensible part of the further industrialisation of the industry. With Neptun, we now have a solid platform—with skilled people who have both decades of experience from hatchery fish and strong expertise in modern RAS technology.”
Neptun Salmo will continue to focus on producing traditional hatchery fish, both for sea-based farms and post-smolt operations.
“Our strategy is simple and clear: We will produce first-class hatchery fish on the fish’s own terms, and be an independent and strategic partner for both post-smolt producers and traditional fish farmers across the country,” said CEO Anders Bjørkli.
Broodstock partners Håkon Aglen Fredriksen and Pål Kristian Moe will join the board, alongside industry advisor Terje Eidesmo, who will become chairman.
Broodstock Capital, established in 2016, specialises in investments across the seafood value chain and positions itself as an active owner with a long-term industrial approach.