$55 Million Sale of Advertising Company
$55 million sale of advertising company to public company. The asset sale transaction involved the sale of rights in over 400 locations in four states, the transfer of over 1,000 advertising contracts, and the sale of two commercial buildings. The team helped the client navigate various corporate governance issues and achieve its goal of selling the business.
Acquisition of Distributor
Represented a major beer and premium beverage distributor in the acquisition of another distributor in adjacent territory.
Acquisition of Electrical Contracting Firm
Counsel to buyer in the acquisition of an electrical contracting firm, largely owned by an ESOP and subject to a multi-employer pension plan. Combination with mechanical contracting business of the buyer resulted in a combined business with approximately $100 million in annual revenues.
Acquisition of Beer Distribution Business
Represented St. Louis regional beer distributor in the purchase of a distributing company serving southeastern Missouri. The acquisition adds to the client’s annual distribution volume and expands its market share in the region.
Sale of Superfund Site
Counseled a mining company through the rare sale of a federal Superfund site, an 1,800-acre former cobalt mine. This included securing a collateralized walk-away indemnity for the client, handling the real estate components and assisting with the relationship with another responsible party for the cleanup during the transaction.
$1 Billion Medical Center Development
Represented a major medical center in the development of multiple buildings comprising more than 2 million square feet of office and medical space and multiple parking garages. Project costs exceeded $1 billion.
Expansion of Manufacturing Capacity for Client
Client needed to expand manufacturing capacity. Drafted and negotiated real estate purchase contract, negotiated and secured development incentives, and guided client through successful redevelopment in Hazelwood, Missouri.
$10 Million Bond Financing for Charter School
Served as bond counsel for a $10 million financing for a charter school, which will use the financing primarily to purchase the land and buildings in the city where the school is located. Also served as borrower’s counsel for the school.
Redevelopment of Blighted Industrial Area
A blighted industrial area of St. Louis, strategically located near several major institutions, required assistance to redevelop. We structured and gained approvals for a complex, multi-phase redevelopment project supported in part by tax increment financing. Roughly five years in, over $600 million has been invested in construction, creating 5,000 jobs and completely transforming a 167-acre area.