$37.6M Community Bank Cash-and-Stock Merger
Our lawyers advised Ohio Heritage Bancorp on its cash-and-stock merger with Peoples Bancorp Inc. for total consideration of approximately $37.6 million. Ohio Heritage Bank operates six full-service banking locations in Ohio. Peoples Bancorp is a NASDAQ-traded company, which operates out of 49 locations in Ohio, West Virginia and Kentucky through its Peoples Bank subsidiary. The transaction was announced on April 4, 2014, and was completed in the third quarter of 2014.
Sale of Interests in Ohio’s Leading Interconnect Point / Data Centers
In January 2014, our firm represented DataCenter.bz, LLC (and its affiliated companies) in the sale of all of the membership interests in the companies to Cologix, Inc. DataCenter.bz operates an interconnect hub and two enterprise-grade, network neutral data centers (designed to highly-secure Tier IV standards) and is a leading interconnect point in Ohio. Cologix is a leading network neutral interconnection and data center company headquartered in Denver, Colorado, and operates network neutral data centers in Columbus, Dallas, Jacksonville, Minneapolis, Montreal, Toronto and Vancouver.
Growth Equity Investment in Fast-Casual Restaurant Business
Kegler Brown represented PIADA Italian Street Food, an authentic fast-casual Italian eatery based in Columbus, Ohio, with restaurants in Ohio and Indiana, in connection with a significant growth equity investment made by Catterton Partners, the leading consumer-focused private equity firm. Terms of the September 2013 transaction were not disclosed. At the time of the investment, PIADA had 14 locations across the Midwest, with 6 planned to open by the end of 2013. In 2013, PIADA was named one of Nation’s Restaurant News’ five “Hot Concepts” as well as one of Nation’s Restaurant news’ top 50 breakout trends.
Stock Redeemed for Midwest Nursing Home Shareholders
Kegler Brown represented the shareholders of a health care company that owns and operates nursing homes, rehabilitation communities and assisted living facilities throughout Ohio and Pennsylvania, in connection with a strategic redemption transaction. Financial terms of the December 2012 transaction were not disclosed
Acquisition of Farm Machinery Business
In 2010, our attorneys represented a leading manufacturing company in its acquisition of a farm machinery business. Financial terms were not disclosed.
Strategic Growth Acquisition for Graphic Design Company
In November 2010, Kegler Brown represented an Ohio-based graphic design company in its strategic growth acquisition of a North Carolina-based provider of pre-press services, data management services, website design and development services, and color and retouching services, in connection with furniture sales.
Sale of School Yearbook Business Unit
Our firm advised a graphic design and advertising business in its sale of its school yearbook division to a strategic buyer in September 2009.
Equity Sale, Debt Recapitalization and Reorganization of Food Service Company
In February 2008, Kegler Brown represented Michael’s Finer Meats and Seafoods Inc. (“Michael’s), a leading purveyor of premium meat and seafood products, in its equity sale, debt recapitalization and reorganization transaction sponsored by Sorenson Capital, a private equity firm focused on providing small- to middle-market buyouts and investments. Sorenson Capital became a significant investment partner in Michael’s as a result of the transaction. Terms of Sorenson Capital’s investment were not disclosed. Founded in 1962, Michael’s has established itself as a prominent provider of quality meats - beef, seafood and poultry - for high-end restaurants, hotels, resorts, country clubs, casinos and caterers in Ohio and other states throughout the U.S. Sorenson Capital is a private equity fund that provides small- to middle-market buyout and growth equity investments, with a particular focus on opportunities in selected states in the western U.S. Sorenson Capital is managed and controlled by West Rim Capital; both are headquartered in Salt Lake City, Utah.