Okin Adams LLP Selected as Finalist for M&A Advisor Awards in Two Categories
Okin Adams LLP is pleased to announce the firm was recently selected as a finalist for the 18th Annual M&A Advisor Awards in two separate categories. The firm is recognized for its work surrounding the Sale of Kane Beef to JDH Capital in the categories of “Consumer Staples Deal of the Year” as well as “M&A Deal of the Year ($25MM-$50MM).”
The M&A Advisor was created in 1998 to offer insights and intelligence on M&A activities. “Today’s geopolitical climate presents our industry professionals and the businesses they serve with unique challenges. This year’s finalists exemplify the fortitude, perseverance, and ingenuity required not only to get the deal done but to excel in the field of mergers and acquisitions,” Roger Aguinaldo, founder of The M&A Advisor, said.
In October 2018, Corpus Christi-based company Sam Kane Beef Processors, LLC was placed under the control of a federal-court appointed receiver, Judge Richard Schmidt, ret. (the “Receiver”), and filed for Chapter 11 Bankruptcy protection in January 2019. At the time of the bankruptcy filing, the Receiver indicated the move was required to complete a sale of the company. The sale of Kane Beef to Houston-based JDH Capital, as the winner of the court-approved bankruptcy auction, was finalized in February 2019. The assets are currently being operated by STX Beef Co. – an affiliate of JDH. Okin Adams LLP served as legal counsel, The Claro Group as financial advisor, and Gordian Group as investment banker to Kane Beef; Kirkland & Ellis LLP served as legal counsel to JDH Capital Company.
At the completion of the sale, the Receiver stated, “I am pleased with the results of the process and the positive outcome that it will have on Kane Beef’s employees and the Corpus Christi community as a whole. I have great confidence in JDH’s vision for Kane Beef.”
The awards will be presented at the 18th Annual M&A Advisor Awards Gala on Tuesday, November 19 at the New York Athletic Club in New York—the year’s premier celebration for firms and professionals in the M&A industry. Held in conjunction with the 2019 M&A Advisor Summit, the Gala will bring together the industry’s leaders to celebrate and recognize this year’s finalists and winners