CounterPoint Capital Partners Wins Deal of the Year at M&A Advisor Turnaround Awards

Los Angeles-based private equity firm, CounterPoint Capital Partners, LLC, wins Lower Middle sector category Deal of the Year at the M&A Advisor’s 6th Annual Turnaround Awards.

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CounterPoint Capital Partners represents the best of the turnaround, restructuring and distressed investing industry in 2011 and earned this honor by standing out in a group of very impressive finalists.

Palm Beach, FL (PRWEB) February 10, 2012

CounterPoint Capital Partners is pleased to announce that the firm has been awarded Lower Middle Market Deal of the Year in the Retail Manufacturing/Distribution sector for it’s acquisition and restructuring of Tomich Brothers Fish Co. and Standard Seafood. The event was hosted by Bloomberg Television’s National Chief Correspondent Carol Massar and featured a keynote address by Dennis Shaughnessy, Chairman of FTI Consulting.

“CounterPoint Capital Partners represents the best of the turnaround, restructuring and distressed investing industry in 2011 and earned this honor by standing out in a group of very impressive finalists,” said Roger Aguinaldo, CEO of The M&A Advisor.

The Turnaround Awards Gala honored deal-teams, deal-makers, and firms whose activities set the standard for the industry. CounterPoint was chosen from over 160 nominees representing over 250 companies to receive their award. An independent judging committee of industry experts determined the ultimate recipients of the awards.

“We are thrilled to have received this award – 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.”

Ocean Avenue Capital Partners teamed with CounterPoint in the transaction. “We are very pleased to have developed a relationship with CounterPoint,” said Jacques Youssefmir, Partner, Ocean Avenue. “Their approach to transactions fits perfectly with our own strategy to focus on investments in the smaller end of the private equity market, and their efforts have already unlocked significant value at Tomich Brothers. We look forward to continuing to partner with CounterPoint on future transactions in the lower middle market.”

CounterPoint was represented by Rob Carlson of Paul Hastings LLP (corporate, M&A, and tax) and Matthew Wrysinski of McGuireWoods (banking).

About CounterPoint Capital Partners

CounterPoint Capital Partners (http://www.counterpointcp.com) 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. CounterPoint looks for complex situations caused by operational, succession, or financial challenges within a company or industry and, by developing a close partnership with management teams and other stakeholders, implements structural and operational improvements to put portfolio companies on a successful trajectory.

About Tomich Brothers

Tomich Brothers is a third generation family owned seafood company located in the Port of Los Angeles. For over 75 years they have been supplying the world with seafood indigenous to California waters. With offloading and processing facilities in Los Angeles and the Monterey Peninsula, Tomich has the capability and the experience to handle perishable fishery products to the highest standards.

About Ocean Avenue Capital Partners

Ocean Avenue Capital Partners (http://www.oceanavenuecapital.com) is a Los Angeles-based investment firm focused on partnering with experienced managers to pursue investments in the special situations, niche private equity, and opportunistic credit space.

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