A team of capital markets attorneys from McGuireWoods LLP advised CounterPoint Capital Partners LLC on financing matters in connection with its acquisition of the assets of Tomich Brothers Fish Company and Standard Seafood, a deal announced last week by the Los Angeles-based private equity firm.
Tomich Brothers is a leading processor of wetfish and other fresh and frozen seafood for global distribution. Standard Seafood is a seafood wholesaler and processor that sells fresh and frozen fish products from around the world to customers in Southern California. The investment follows the growing global demand for seafood, particularly in Asia.
Matthew Wrysinski, a partner with McGuireWoods’ capital markets, commercial lending, and private equity groups, led the firm’s team of finance attorneys in advising CounterPoint.
PNC Business Credit provided debt financing in connection with the acquisitions. CounterPoint was supported by Ocean Avenue Capital Partners in the transaction.
CounterPoint Capital Partners is an investment firm focused on acquiring lower middle-market companies headquartered throughout the United States and Canada with $10 million to $200 million in annual revenues. CounterPoint looks for complex situations caused by operational, succession, or financial challenges within a company or industry and implements structural and operational improvements to put portfolio companies on a successful trajectory.