Skip to main content

Nixon Peabody LLP

  • People
  • Capabilities
  • Insights
  • About
Trending Topics
    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni
    Practices

    View All

    • Affordable Housing
    • Community Development Finance
    • Corporate & Finance
    • Cybersecurity & Privacy
    • Entertainment & Media
    • Environmental
    • Franchising & Distribution
    • Government Investigations & White Collar Defense
    • Healthcare
    • Intellectual Property
    • International Services
    • Labor, Employment, and Benefits
    • Litigation
    • Private Wealth & Advisory
    • Project Finance
    • Public Finance
    • Real Estate
    • Regulatory & Government Relations
    Industries

    View All

    • Aviation
    • Cannabis
    • Consumer
    • Energy
    • Financial Services
    • Healthcare
    • Higher Education
    • Infrastructure
    • Manufacturing
    • Nonprofit Organizations
    • Real Estate
    • Sports & Stadiums
    • Technology
    Value-Added Services

    View All

    • Alternative Fee Arrangements

      Developing innovative pricing structures and alternative fee agreement models that deliver additional value for our clients.

    • Continuing Education

      Advancing professional knowledge and offering credits for attorneys, staff and other professionals.

    • Crisis Advisory

      Helping clients respond correctly when a crisis occurs.

    • DEI Strategic Services

      Providing our clients with legal, strategic, and practical advice to make transformational changes in their organizations.

    • eDiscovery

      Leveraging law and technology to deliver sound solutions.

    • Environmental, Social, and Governance (ESG)

      We help clients create positive return on investments in people, products, and the planet.

    • Global Services

      Delivering seamless service through partnerships across the globe.

    • Innovation

      Leveraging leading-edge technology to guide change and create seamless, collaborative experiences for clients and attorneys.

    • IPED

      Industry-leading conferences focused on affordable housing, tax credits, and more.

    • Legal Project Management

      Providing actionable information to support strategic decision-making.

    • Legally Green

      Teaming with clients to advance sustainable projects, mitigate the effects of climate change, and protect our planet.

    • Nixon Peabody Trust Company

      Offering a range of investment management and fiduciary services.

    • NP Capital Connector

      Bringing together companies and investors for tomorrow’s new deals.

    • NP Second Opinion

      Offering fresh insights on cases that are delayed, over budget, or off-target from the desired resolution.

    • NP Trial

      Courtroom-ready lawyers who can resolve disputes early on clients’ terms or prevail at trial before a judge or jury.

    • Social Impact

      Creating positive impact in our communities through increasing equity, access, and opportunity.

    • Women in Dealmaking

      We provide strategic counsel on complex corporate transactions and unite dynamic women in the dealmaking arena.

    1. Home
    2. Who We Are
    3. Media
    4. Nixon Peabody advises Cool Tropics and founder in sale to Peterson Brands

      Media

    Nixon Peabody advises Cool Tropics and founder in sale to Peterson Brands

    April 7, 2025

    LinkedInX (Twitter)EmailCopy URL

    Contact

    Katelyn Donahue

    Media Relations Specialist

    • Office +1 617.345.1148
    • kdonahue@nixonpeabody.com

    DOWNLOAD

    Nixon Peabody advises Cool Tropics and founder in sale to Peterson Brands (PDF)

    Chicago, IL. Nixon Peabody LLP represented Tropical Paradise DBA Cool Tropics, a leading brand of fruit- and vegetable-based beverages and slushes in the K–12 school market, and its founder, Frank Massabni, in the sale of the business to Peterson Brands, LLC, a leading provider of high-quality fruit and vegetable beverages.

    Cool Tropics is known for delivering fruit-first, better-for-you options targeted to health-conscious consumers. With this acquisition, Peterson Brands will further develop the Cool Tropics brand to expand its innovative beverage portfolio and strengthen its presence in the school and foodservice markets.

    “It was a pleasure to work with Frank and the entire Cool Tropics team on their sale to Peterson Brands,” said Nixon Peabody Corporate partner David R. Brown, who co-led the firm’s deal team. “This transaction represents an exciting opportunity to expand the reach of Cool Tropics’ products to new markets. We are excited to see how these two great teams will grow their business together.”

    “This acquisition marks an exciting new chapter for Cool Tropics. In Peterson Brands, we have found the perfect partner to build on our 31-year legacy in our beloved K–12 community, expanding our brand and presence,” said Frank Massabni, CEO of Cool Tropics. “From the people, culture, and systems, Peterson Brands will take Cool Tropics to new heights leveraging their unique farm-to-table and farm-to-school capabilities.”

    Brown co-led the Nixon Peabody team with partner Elizabeth Baio. The team also included partners Patrick Cox and Brian Alcala; associates Ryan Cosmopulos and Brian Kenney; and paralegal Robert Isaacson.

    Read Peterson Brands’ press release to learn more about this transaction.

    Locations

    Chicago

    Practices

    Corporate & FinanceMergers, Acquisitions, and Corporate Transactions

    Professionals in the Practice Area

    View All
    • Christopher P. Keefe

      Partner / Chair, Business & Finance Department
      • Boston
      • Office:+1 617.345.1350
      • ckeefe@nixonpeabody.com
      Christopher P. Keefe
    • Todd Tidgewell

      Partner / Leader, Corporate Practice Group
      • Albany
      • Office:+1 518.427.2705
      • ttidgewell@nixonpeabody.com
      Todd Tidgewell
    • Philip B. Taub

      Partner / Head of Private Equity
      • Boston
      • Office:+1 617.345.1165
      • ptaub@nixonpeabody.com
      Philip B. Taub
    • Lori B. Green

      Partner / Co-Leader, M&A & Corporate Transactions Team / Co-Leader, Cannabis Practice
      • Rochester
      • Office:+1 585.263.1236
        Mobile:+1 585.281.3076
      • lgreen@nixonpeabody.com
      Lori B. Green
    • Robert A. Drobnak

      Partner / Practice Group Co-leader, Global Finance
      • Chicago
      • Office:+1 312.977.4348
      • radrobnak@nixonpeabody.com
      Robert A. Drobnak
    View All

    Insights And Happenings

    • Press Release

      Nixon Peabody attorneys honored by Rhode Island Lawyers Weekly for “Excellence in the Law”

      April 28, 2025
    • Alert

      SEC provides guidance on accredited investor verification in General Solicitation Securities offerings

      April 2, 2025
    • Press Release

      Nixon Peabody welcomes five lateral counsel during the first quarter of 2025

      April 1, 2025

    Subscribe to stay informed of the latest legal news, alerts, and business trends.Subscribe

    • People
    • Capabilities
    • Insights
    • About
    • Locations
    • Events
    • Careers
    • Alumni
    • Cookie Preferences
    • Privacy Policy
    • Terms of Use
    • Accessibility Statement
    • Statement of Client Rights
    • Purchase Order Terms & Conditions
    • Nixon Peabody International LLC
    • PAL
    © 2025 Nixon Peabody. All rights reserved