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Andrew W. Steen

Drew Steen is an experienced corporate attorney and legal advisor. He represents individuals, businesses and funds in significant transactions, including mergers and acquisitions, ownership transitions, investments, joint ventures, and restructurings. He also acts as outside general counsel to small- and mid-cap companies across the United States. Drew focuses his practice on family-owned and other closely held businesses. He has particular experience with food and beverage companies, including Alaska and Northwest seafood companies, though his clients participate in various industries, such as software development, mobile technology and retail.

Drew is chair-elect of the Washington State Bar Association’s Business Law Section, an organization of more than 1,200 business lawyers in the State of Washington. He is also co-editor of Davis Wright Tremaine’s Family Business Resource Center, a law blog serving family-owned and closely held businesses. Drew is active in several industry organizations, including the Northwest Fisheries Association, and regularly donates his time to community and charitable organizations in and around Seattle. To better serve his clients, he maintains an office presence in both Seattle and San Francisco.

Representative Experience

Acquisition for PSC Consulting

Represented global provider of solutions and support to the electricity industry in the acquisition of an engineering firm. (2017)

Sealaska Corporation acquisition of Odyssey Enterprises

Represented Sealaska in majority interest acquisition of Odyssey Enterprises, a retail and food service seafood producer. (2017)

Cooke Aquaculture acquisition of Icicle Seafoods

Represented Cooke Aquaculture - a New Brunswick, Canada family-owned business - in its acquisition of Icicle Seafoods, a 50-plus-year-old seafood company with operations in Alaska and Washington. (2016)

Sale of ATA Retail Services

Represented ATA Retail Services, a San Francisco area family-owned consumer products company, in sale to private equity sponsor. (2016)

Acquisition of business for Sumitomo Forestry America

Represented Sumitomo Forestry America in the acquisition of a majority stake and formation of joint venture with Dan Ryan Homes, a leading Mid-Atlantic Homebuilder with operations in six states. (2015)

Sale of Milestone Technologies

Represented Milestone Technologies, a San Francisco-area information technology services company, in sale to a private equity sponsor. (2015)

Sale of Interest in Navitas Naturals

Represented Navitas Naturals, a San Francisco area natural foods company, in sale of minority position to a private equity sponsor. (2015)

Sale of Microsoft Map Building Business

Represented Microsoft Corporation in sale of its map building business to Uber Technologies. (2015)

Sale of Financial Telesis

Represented Financial Telesis, a San Francisco-area financial services firm, in sale to a strategic acquirer within its industry. (2014)

Trident Seafoods acquisition of Alaska Fresh Seafoods

Represented Trident Seafoods, a Seattle-based seafood company, in acquisition of Alaska Fresh Seafood, Inc. and certain partnership interest in Kodiak Fishmeal Company. (2014)

Sale of Precision Toxicology, Inc.

Represented Precision Toxicology, a San Diego toxicology lab company, in a sale to a private equity sponsor. (2014)

Celgene Corporation acquisition of option in Acetylon Pharmaceuticals*

Represented Celgene, a publicly traded pharmaceutical company, in acquisition of a $100-million option to purchase Acetylon Pharmaceuticals, for a purchase price between $500 million and $2 billion and earn-out payments up to $1.1 billion. (2013)

Sale of 3TIER, Inc.

Represented 3TIER, a Seattle environmental data firm, in merger with and into Vaisala Corporation, a publicly traded Finnish corporation. (2013)

Alber Seafoods, Inc. acquisition of Jessie’s Ilwaco Fish Company

Represented Alber Enterprises, a seafood company with operations in Washington and California, in its acquisition of Jessie’s Ilwaco Fish Company, Inc. (2013)

Early stage investments for New Enterprise Associates*

Represented NEA in successive investments in early stage equity financing of various German e-commerce companies.

Equity co-investments in connection with acquisition financing*

Represented numerous financial services firms, including Fifth Street Finance, the Audax Group, Prospect Capital, KKR & Co., the Carlyle Group, TPG Capital, Golub Capital, Pinebridge Investments, Maranon Capital, Morgan Stanley and Oaktree Capital Management, in equity co-investments in connection with acquisition financing of middle market mergers and acquisitions.
* Denotes experience completed at a prior firm

Additional Qualifications

  • Associate, Proskauer Rose, LLP, Boston, 2011-2013
  • Associate, Lane Powell PC, Seattle, 2006-2011

Professional & Community Activities

  • Chair-elect, Business Law Section, Washington State Bar Association
  • Executive Committee; Board of Directors - Queen Anne Helpline
  • Volunteer, Washington CASH Pro Bono Legal Clinic
  • Editor, DWT's Family Business Resource Center

Professional Recognition

  • Selected to "Washington Rising Stars," Thomson Reuters, 2010-2011, 2016
  • Selected to "New England Rising Stars," Thomson Reuters, 2012
 family business blog