Safe, sustainable seafood is something to savor, and Sortis Holdings, a Portland-based investment firm, agrees. Earlier this week, the firm announced it is purchasing Sustainable Restaurant Group, owner of the Bamboo Sushi and Quick Fish brands, for an undisclosed amount.
SRG, which filed for bankruptcy on May 12, operates 10 restaurants in Oregon, Washington, Arizona, California and Colorado. The company did $18 million in sales in 2019, up 35% from the previous year. But then the pandemic hit.
The company went from 480 active employees to just 38, with the rest either furloughed or laid off.
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Patrick Smith
Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, M&A and corporate work, leadership and marketing innovation. Reach him at [email protected] or on Twitter at @nycpatrickd
