October 2, 2017
BOSTON, MA -- Dunn Rush & Co. LLC is pleased to announce the completion of an advisory assignment for Legal Sea Foods, LLC in association with its recent growth capital financing. Dunn Rush & Co. served as placement agent in securing a subordinated debt facility provided by Seacoast Capital.
Legal Sea Foods (www.legalseafoods.com), is the leading branded seafood company, operating restaurants along the east coast of the U.S., serving 7 million customers annually in 35 restaurants under several concepts, including Legal Sea Foods, Legal Test Kitchen, Legal C Bar, Legal Harborside and Legal Fish Bowl. The Legal Sea Foods brand, embodying a passionate commitment to quality and freshness, also encompasses an e-commerce site as well as a burgeoning retail products division.
Seacoast Capital (www.seacoastcapital.com) invests non-controlling growth capital in partnership with management in lower middle market companies. Seacoast is industry agnostic and typically invests $5 million to $30 million of capital to support growth, refinancings, acquisitions, shareholder liquidity events, family wealth/ownership transfers, and partnership or management buyouts. Geographically, Seacoast invests anywhere in the United States. Now managing its fourth fund, Seacoast has managed over $600 million of capital, which the firm has invested in 69 non-controlling transactions.
Dunn Rush & Co. LLC was founded in 2009 to provide high quality merger and acquisition advisory services to middle market companies valued between $20 million and $250 million. Dunn Rush & Co. LLC has significant expertise in the following industry sectors: Business Services; Consumer; Defense & Security; Healthy Living; Instrumentation; Manufacturing & Distribution; Medical Technology & Services; and Technology, Software & Data Services. The Firm is a registered Broker-Dealer and is headquartered at 225 Franklin Street, Boston MA 02110. For further information, please visit our website at www.dunnrush.com or contact us at 617-451-0001.
I had never sold a business before and didn’t realize everything that went into it, or the time involved. One of my best decisions was hiring professionals, Dunn Rush & Co., to guide us through the sale process. Their experience, determination and guidance resulted in a very smooth and efficient transaction. They were especially helpful during the negotiations over price. We achieved optimal results for all constituents: our shareholders, employees and customers.
Bill Jemison, Former Owner and CEO, Heyco Products, Inc.
I was approached by multiple potential buyers and knew I needed help to navigate the process while continuing to run my business. Dunn Rush was instrumental in organizing the data room, managing the bidding, facilitating negotiations, maintaining positive communications, maximizing the sale price and getting it over the goal line. I highly recommend Kevin and Greg.
Bob Keeley, Former Owner and CEO, Diversified Project Management, Inc.
We utilized the services of Dunn Rush to value our business under different scenarios for financial transactions we were contemplating. They got up to speed quickly, asked great questions and had good insights into how our business would be valued under different circumstances. Their work was very detailed, explained well and extremely useful in our deliberations.
Mike McManama, CEO, Decas Cranberry Products, Inc.