The Portland Business Journal named the Tonkon Torp-led sale of NORPAC as one of its five most captivating M&A deals for 2020 in its annual roundup of the state’s largest M&A transactions. The sale of NORPAC’s remaining assets to Lineage Master, which closed in 2020, ranked as Oregon’s #9 deal overall based on total dollar value. NORPAC’s complicated chapter 11 case included a multi-faceted sale and resulted in substantial distributions to unsecured creditors that were significantly above initial projections.
The Business Journal cites the innovative methods employed by Tonkon Torp attorneys Michael Fletcher, Al Kennedy, Ava Schoen, Danny Newman, and Tom Palmer as its reason for including the deal on their captivating list.
Tonkon Torp was proud to have the NORPAC sale recognized in late 2020 as an M&A Deal of the Year ($100MM-$250MM) in the 19th Annual M&A Advisor Awards, in which deals entered for consideration from by global M&A and Turnaround industry annually.
Learn more about how Tonkon Torp attorneys navigated the NORPAC sale here.