Experience
$50 Million+ Corporate Debt Restructuring
Advised a client in a corporate debt restructuring of more than $50 million that allowed it to part ways with the family of its deceased founder. The restructuring included a comprehensive court-approved settlement agreement involving the payoff of several debt obligations, the release of the related security agreement, the purchase and extinguishment of a warrant to purchase over 500,000 shares of common stock of the client’s holding corporation, and the release of rights under multiple purchase agreements, including a stock purchase agreement. The negotiated settlement agreement price included approximately $17 million of debt forgiveness to the client’s benefit. Also represented the client in a $2 million revolving loan and a $44 million term loan, handled employment agreements for the CEO and CFO, negotiated landlord consents on client leases in dozens of locations, and provided assurances to the lender on the client’s employee stock ownership plan.
$47 Million in Acquisitions for Engineering Planning and Design Firm
Represented the buyer, an engineering planning and design services firm, in the acquisition of three engineering companies located in California, Colorado and Texas, for a total value of approximately $47 million.
$7.5 Million Acquisition of Oil and Gas Equipment Manufacturer
Represented the buyer, an engineering consulting firm and leading provider of prefabricated and preassembled systems, in its $7.5 million acquisition of a company primarily engaged in the design, fabrication, installation, calibration and supply of production equipment and services in the oil and gas industry. The acquisition enabled the client to expand its service offerings and bring certain services in-house.
Restructuring, Reclassifying Endowment Funds for Liberal Arts College
Counseled private liberal arts college regarding restructuring and reclassifying endowment funds.
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.
$400 Million Recapitalization
Represented client in a recapitalization transaction. The matter included the client's holding company and all of its affiliates.
Acquisition of 143-Bed Hospital
Represented client in acquisition of 143-bed hospital in St. Louis, Missouri. The representation included issues related to regulatory compliance, licensure, real estate, ongoing corporate governance, tax, employment law and integration of medical staffs.
$950 Million Sale of Manufacturing Business
Represented welding company client in $950 million sale of manufacturing business.
