Case Studies

Acquisition of Data Center Business Expands NC Energy Company

In late 2014, The M+A attorneys at Kegler Brown counseled PowerSecure International Inc. in its $13 million purchase of a data center and energy services business from Florida-based Power Design, Inc. (PDI). A leading provider of energy technologies and services to electric utilities and their customers, PowerSecure expanded its electrical infrastructure and data center capabilities and also its ability to accelerate communication with key data center decision makers through this acquisition. Our award-winning mergers and acquisitions team advised PowerSecure throughout each step of the purchase, which advances the company's aggressive growth strategy.

Strategic Acquisition of New York Advertising Agency

Kegler Brown represented Resource Ventures, Ltd. (d/b/a Resource) in the acquisition of Ammirati, a New York-based advertising agency. Resource is a digital marketing agency based in Columbus, Ohio. Ammirati, which was founded in 2002, most recently worked with Jerry Seinfeld on the web series "Comedians In Cars Getting Coffee," and launched a new ad campaign for beer client Labatt during the Super Bowl. In addition, the firm works with Coca-Cola (Fuze, Vitaminwater, Gold Peak Tea), Seagram's, Nintendo, Pirate's Booty, Remy Cointreau, Schwinn and Sweet'N Low. The details of the transaction were not disclosed.

$40 Million Public Offering for North Carolina Energy Company

Kegler Brown represented PowerSecure International, Inc. in the closing of its $40 million public offering, underwritten by investment banking firm Robert W. Baird & Co., which was represented by Morrison & Foerster. The public offering raised money for PowerSecure’s important business needs, including working capital, acquisition and equipment to grow and expand its business which has reported record revenues in its most recent financial results. In order to complete the financing, our firm counseled and assisted them on every step of the process, from the preparation and filing of the shelf registration statement, through due diligence, negotiations with the underwriters on the underwriting documentation and preparation and filing of the prospectus supplement and related offering documents. This counsel helped PowerSecure finance its rapid growth trajectory, which subsequently included listing its shares on the New York Stock Exchange and ringing the opening bell that day, while our attorneys stood proudly next to the company's executive team.