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Verrill Dana, LLP

Mark K. Googins

Mark K. Googins


Verrill Dana, LLP
Maine, U.S.A.

tel: +207 253 4406
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Local Time: Fri. 12:24

Mark K. Googins has concentrated his practice in the areas of commercial finance and commercial transactions for the past 32 years. He counsels clients in mergers and acquisitions, in complex commercial negotiations, and in a wide variety of lending transactions, including equipment leasing, leveraged buyouts and sale-leasebacks. Mark is the co-author (with Chris Devlin) of the Maine Commercial Lending Handbook (Tower Publishing 2011). He is a member of the American Bar Association, the New York State Bar Association and the Maine State Bar Association. Before joining Verrill Dana, Mark practiced at Milbank, Tweed, Hadley & McCloy in New York.

Among the more notable merger and acquisition transactions for which Mark has served as lead counsel are Legacy Supply Chain Services' acquisition of the Supply Chain Operations Division of Vitran Corporation, the acquisition of the assets of the Hathaway Shirt Division from WARNACO on behalf of an investor group led by former Governor John R. McKernan, Jr., the sale of one of the country's top health care consulting groups, the sale of one of the country's leading hydropower consulting groups, the acquisition of the assets of a cellular telephone company, the development and eventual merger of the Fresh Samantha juice company, and the sale of the U.S. and Canadian electric generating assets of a Maine-based public utility.

Mark also frequently acts as local counsel in mergers and acquisitions. He has served as local counsel in the negotiation of the acquisition of a major hydroelectric facility, the acquisition of a pulp mill and related energy assets, the acquisition of a home health care business and the sale of an educational institution.

Mark also serves as primary outside legal counsel to a number of small and medium sized businesses that do not have in-house counsel. These businesses are in a wide variety of fields including manufacturing, payroll processing, trucking, garden products, scrap metal recycling, design and marketing, publishing, software, food distribution and alternative energy.

Mark also represents lenders and borrowers in commercial loan transactions. These transactions have included: representing the borrower in the acquisition of over 300,000 acres of timberland, representing the borrower in the financing for a major forest products enterprise, representing the borrower in the refinancing of an owner occupied medical office building, representing the lender in an equipment lease financing, representing the lender to a regulated public utility and representing the lender in a line of credit and term loan facility for a distributorship business. He has also negotiated numerous workout agreements, on behalf of lenders and borrowers, in the context of non-performing and troubled loans.

Mark handles complex commercial negotiations, and has negotiated environmental risk transfer agreements, marketing services agreements and interim management agreements. Mark worked closely with the Penobscot River Restoration Trust in the negotiation and implementation of the Lower Penobscot River Option Agreement, the first transaction of its kind in the U.S. The Option Agreement allowed the Trust to acquire three hydro-electric facilities on the Penobscot River as part of a complex multi-party arrangement.

Mark has also assisted Verrill Dana’s Bankruptcy Group in the sale of assets out of bankruptcy, including the sale of Jackson Brook Institute, a critical care mental health hospital, the sale of the Bangor & Aroostook Railroad and the sale of the heating oil and convenience store assets of the M.W. Sewall Company.

Bar Admissions

New York, 1983
Maine, 1984


New York University School of Law (J.D., 1982)
Tufts University (B.A., 1977)
Areas of Practice
Professional Career

Significant Accomplishments

AV Rated by Martindale-Hubbell
Recognized in Chambers USA: America's Leading Lawyers for Business under Corporate/M&A
Recognized by Best Lawyers® as the 2014 Portland, Maine Corporate Law Lawyer of the Year
Recognized by Best Lawyers® as the 2013 Portland, Maine Banking and Finance Law Lawyer of the Year
Recognized by Best Lawyers® as the 2011 Portland, Maine Mergers & Acquisitions Lawyer of the Year
Recognized by Best Lawyers® as the 2009 Maine Banking Lawyer of the Year
Listed in The Best Lawyers in America® under Banking & Finance Law, Corporate Law, and Mergers & Acquisitions Law
Recognized as a Lawdragon 3000 Leading Lawyer by Lawdragon magazine
Selected by peers for inclusion in New England Super Lawyers® under Business/Corporate, Banking and Utilities
M&A Advisor Retail Manufacturing/Distribution Sector Deal of the Year 2013
M&A Advisor International Deal of the Year 2013 ($75-$100 million)

Professional Associations

  • American Bar Association

Professional Activities and Experience

Milbank, Tweed, Hadley & McCloy (Summer 1981; 1982-1984)

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