Beach Point Capital Management Acquires Controlling Stake in Wet Noses

Beach Point Capital Management’s Tactical Fund has acquired a controlling stake in Wet Noses, a Seattle-area manufacturer of human‑grade, natural and organic pet food and treats. The transaction, done in partnership with founder Jasmine Galligan (who will return as CEO), will finance expansion of Wet Noses’ manufacturing capacity to meet rising demand and support growth in branded and private‑label contract manufacturing.