LOS ANGELES & PORTLAND, Ore.–(BUSINESS WIRE)–SierraConstellation Partners (SCP), a national interim management and advisory firm to middle-market companies in transition, and Tonkon Torp LLP, a leading business and litigation law firm, are proud to announce that they have been honored as the winners of the M&A Deal of the Year ($100MM-$250MM) for their work with NORPAC Foods, Inc. by The M&A Advisor, the world’s premier leadership organization for M&A, restructuring and corporate finance professionals.

The M&A Deal of the Year recognizes the standout deals and professionals within the M&A industry. SCP and Tonkon Torp were recognized in the $100MM-$250MM category for their work advising NORPAC Foods, Inc., a farmer-owned processor of frozen and canned vegetables and fruit based in Salem, Oregon. The asset sales were consummated via section 363 of the US Bankruptcy code.

“While every restructuring situation brings its own unique challenges, the team at SCP remained committed to the project and ultimately was able to deliver the best possible result for NORPAC and its various constituents,” said Winston Mar, Partner and Senior Managing Director at SCP, who led the NORPAC team. “It is an honor to have The M&A Advisor recognize our work on this project, and the outcome would not have been possible without our partners at Tonkon Torp, all of NORPAC’s stakeholders including farmers and creditors, and the tireless efforts of our SCP team, including William White, Miles Staglik, Boris Zikratov, Isabella Montani, Jeffrey Meeds and Rob Shenfeld. This was a true team effort. It’s always gratifying to produce such a positive result for our clients who are dealing with transformational business challenges.”

With the sales complete and the bankruptcy plan confirmed and effective as of November 30th, SCP and Tonkon Torp will continue to work together to reconcile all claims and conclude the bankruptcy plan, including making substantial distributions to unsecured creditors significantly above the amounts projected at the outset of the chapter 11 case.

“We are proud to have achieved a great result for our client, its creditors, and the agricultural industry in the Pacific Northwest,” said Mike Fletcher, Partner at Tonkon Torp. “I applaud my colleagues, including most notably my bankruptcy and restructuring team members Albert Kennedy, Tim Conway, Ava Schoen, and Danny Newman for providing diligent and responsive service during a very difficult transaction process for all involved. We are thrilled to have this deal recognized and in such esteemed company. Compared to some of our fellow award winners, Tonkon Torp may have a small footprint, but we have proven again that we have the bench strength, experience, and expertise to handle world-class transactions such as this for our clients. It was a pleasure working with SCP throughout this process; Winston and his team did excellent work all the way through structuring the transaction and adjusting to some difficult, unforeseen challenges along the way.”

The team will be honored at a virtual awards gala on Thursday, February 4^th.

About SierraConstellation Partners, LLC

SierraConstellation Partners (SCP) is a national interim management and advisory firm headquartered in Los Angeles with offices in Houston, Boston and New York and professionals in Dallas and Seattle. SCP serves middle-market companies and their partners and investors that are navigating their way through difficult business challenges. Our team’s real-world experience, operational mindset and hands-on approach enable us to deliver effective operational improvements and financial solutions to help companies restore value, regain creditor confidence, and capitalize on opportunities.

As former CEOs, COOs, CFOs, private equity investors and investment bankers, our team of senior professionals has decades of experience operating and advising companies. For more information, please visit www.sierraconstellation.com.

About Tonkon Torp LLP

Tonkon Torp LLP is headquartered in Portland, Oregon and is a leading business and litigation law firm serving public companies, substantial private enterprises, entrepreneurial businesses, and individuals throughout the Northwest. Tonkon Torp’s bankruptcy and corporate reorganization practice is recognized nationally for its strategic and results-oriented approach. It’s M&A team represents public and private companies as buyers, sellers, targets and other participants in acquisitions, divestitures, spin-offs, control and proxy contests, reorganizations and joint ventures. For more information, visit tonkon.com.

About The M&A Advisor

The M&A Advisor was founded in 1998 to offer insights and intelligence on M&A activities. Over the past 22 years, we have established the premier global network of M&A, Turnaround, and Finance professionals. Today, we have the privilege of presenting, recognizing the achievements of, and facilitating connections between the industry’s top performers throughout the world with a comprehensive range of services. To learn more, visit www.maadvisor.com.