"As a family we've been fortunate to work with some really passionate people in some exciting industries and have some fun and success along the way," he said.
"I'm just proud to be part of that and pleased to see it recognised for all involved, the business and the family."
Sir Peter was appointed an officer of the New Zealand Order of Merit in 2002 for services to the fishing industry, exports and the community.
He has courted controversy in the past by calling for the Department of Conservation to be disbanded and campaigning for the country's fur seal population to be monitored.
At a panel debating a South Island seal cull in 2000, Sir Peter complained that fur seals ate millions of dollars worth of fish each year.
However, it has been Sir Peter's work promoting the employment of New Zealanders in the fishing industry, and calling for tighter regulation of foreign fishing vessels in New Zealand waters, that arguably earned him the greatest acclaim.
He has lobbied the Government to bring forward a law requiring the vessels to fly the New Zealand flag, making them subject to local laws.
Sir Peter has said that foreign chartered boats should be required to employ some New Zealand staff, saying it was wrong that 1500 to 2000 foreign nationals were working within New Zealand's exclusive economic zone when there were so many unemployed in New Zealand.
His philanthropic efforts include supporting the Motueka Hospital Trust, funding a museum in Nelson to host the World of Wearable Art collection and sponsoring the Motueka Charity Golf Classic, Outward Bound and the Nelson Car Club rally.