Daily News: January 13, 2012

M&A Advisor Names CounterPoint Capital Partners a Finalist


CounterPoint Capital Partners announced that the firm has been named a finalist for M&A Advisor’s 6th Annual Turnaround Awards, being held January 31 at the Colony Hotel in Palm Beach, FL.

The firm’s acquisition and restructuring of Tomich Brothers Fish Company and Standard Seafood was nominated for Turnaround Deal of the Year in two lower middle-market sector categories: Retail Manufacturing/Distribution and Consumer and Retail Products. CounterPoint acquired Tomich Brothers and Standard Seafood in simultaneous transactions on August 15, 2011.

CounterPoint was represented by Rob Carlson of Paul Hastings (corporate, M&A, and tax) and Matthew Wrysinski of McGuireWoods (banking). Acquisition and working capital financing was provided by PNC Business Credit.

“We are thrilled at this nomination – it represents a validation of CounterPoint’s hands-on, front-line approach to turnaround investing,” said Chris Iorillo, managing partner, CounterPoint. “Our operating expertise and financial management, coupled with the hard work and dedication of the Tomich Brothers’ employees and management team, unlocked the true value of this 75-year old company in a very short time. With this portfolio company on an excellent trajectory, we are looking forward to the next opportunity.”

“Although the bankruptcies of MF Global, American Airlines and Borders highlight today’s difficult environment, there were thousands of successful turnarounds in 2011 thanks to the energy and ingenuity of the world’s leading restructuring and distressed investing professionals,” says Roger Aguinaldo, CEO and founder of The M&A Advisor. “The deal teams represented in our Award Finalists have demonstrated creativity and perseverance in today’s challenging climate.”

CounterPoint Capital Partners is a Los Angeles-based 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.

Tomich Brothers is a third generation family owned seafood company located in the Port of Los Angeles.

Established in 1967, Standard Seafood has been a privately owned seafood wholesaler for over 40 years.