Acquisition, Refinancing, and Spin-off of Non-core Assets for West Virginia-based Beverage Distributor
We assisted a growing West Virginia-based beverage distributor through a series of strategic transactions in 2016 and 2017, including the acquisition of distribution rights, real estate, and inventory from a distributor in an adjacent territory with operations in two different markets in West Virginia. This acquisition made our client one of the largest beverage distributors in the state.
Our assistance included the negotiation of a new credit facility to finance the acquisition and to re-finance existing debt, as well as the sale of distribution rights and inventory of our client’s Ohio and Kentucky franchises. We also provided guidance on the reorganization of their corporate structure in order to permit more streamlined post-closing operations and additional future growth, as well as tax strategy and transition issues.