Dunn Rush Advises Legal Sea Foods on Growth Capital Financing

October 2, 2017

Transaction Announcement

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.


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What Clients Are Saying About Dunn Rush

When I decided to sell my third generation, family business, I had many concerns. I wanted to be represented by an Investment Bank who had a strong reputation in the mergers and acquisition market, knew the market we participated in well enough to target likely interested parties, and who would manage the process of the transaction with various family members with various personal interests.

Betsy Alden / Former CEO and Owner, Alden Products

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 have seen the Dunn Rush team perform in several sell-side situations. You want them on your team! Their preparation and attention to detail is impressive. They are also real good people to have by your side during a stressful time. In the case of Bridgeport Fittings, Kevin and Greg introduced us to their Gold Standard of Preparation and we took their advice getting audited financial statements and a Quality of Earnings report. This preparation made the due diligence process go smoothly, helped the firm proactively address issues and greatly improved the due diligence process. The final results exceeded our expectations.

Nate Levenson / Board Member, Bridgeport Fittings, Inc.

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