Sale of The Laserflex Corporation to Chicago-Based Joseph T. Ryerson & Son, Inc.
Kegler Brown’s Mergers +
Acquisitions team advised The Laserflex Corporation and its shareholders on all
aspects of the sale of the company to Joseph T. Ryerson & Son, Inc., which
closed in early 2017. Laserflex, a privately owned, full-service precision
metal fabricator specializing in laser material processing technology, relied
on Kegler Brown to negotiate the definitive share purchase agreement, as well
as all ancillary agreements, including employment agreements and agreements
among the selling shareholders. Kegler Brown’s lawyers advised on all additional
aspects of the transaction, including tax matters, ERISA matters, labor and
employment matters and environmental matters.
Advising Ohio Manufacturer Through Formation of ESOP
Kegler Brown served as counsel to The Peerless Saw Company in connection with its founders’ 2016 sale of 100% of the stock of the company to a newly created Employee Stock Ownership Plan sponsored by the company. Kegler Brown advised the manufacturer and its founders on all aspects of the transaction, including negotiating the stock purchase agreement, hiring an independent ESOP trustee, forming the ESOP, and structuring the terms of the sale and related ESOP terms.
Sale of Midwest-Based Laundry Products Supplier
Kegler Brown served as counsel to an Ohio-based laundry and dry cleaning product supplier in connection with its sale to a Michigan-based private equity firm. Our lawyers advised the supplier and its owners on all aspects of the company’s sale, which was completed in mid-2016. Financial terms of the deal were not disclosed publicly.
Managing Multiple Capital Raises for National Retail Food Brand
Kegler Brown has served as counsel to Jeni’s Splendid Ice Creams, which is consistently recognized as one of the country’s best dessert boutiques, for many years. Early in 2016, as part of our firm’s continuing role as a strategic business partner to the company, our lawyers advised the company’s owners throughout a series of capital infusion transactions, including multiple sales of convertible notes and equity warrants to national private equity investors. These transactions ultimately resulted in the sale of a controlling stake in the company, though financial terms were not disclosed.
Acquisition of a Tennessee-Based Collections Agency
In February 2016, Kegler Brown represented a diversified financial services and management consulting firm throughout the entirety of its acquisition of 100% of the stock of a Tennessee-based company that provides collection services and accounts receivable management.
Sell-Side Counsel in IBM Interactive Experience’s First Strategic Creative Agency Acquisition
The sale of Resource Ammirati to IBM made national headlines because the digital leader became the first strategic creative agency acquisition for IBM’s Interactive Experience business unit. Kegler Brown worked closely with Resource Ammirati shareholders and their IBM counterparts throughout the process, including identification of buyer, negotiation of terms, Hart-Scott-Rodino antitrust clearance, and final consummation. Kegler Brown has served as counsel to Resource Ammirati for many years, providing comprehensive legal services in numerous areas and facilitating a number of transactions that have made news in the advertising world. The deal officially closed in February 2016 and financial terms were not disclosed publicly.
Asset Purchase for Employee-Owned Building Product Supplier
2014, the lawyers at Kegler Brown represented Palmer-Donavin in the purchase of
substantially all of the assets of J.B. O’Meara Co. Palmer-Donavin and its Seal
Rite business line are among the nation’s leaders in the sale and distribution
of residential building supplies and authorized distributors of Therma-Tru
Doors. J.B. O’Meara Co. supplies building materials and is an authorized
Therma-Tru distributor in the states of Minnesota, North Dakota, South Dakota,
Iowa, Wisconsin and Illinois. Financial terms were not disclosed.
$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.
Asset Acquisition of Dry Cleaning Industry Supplier in Atlantic Northeast
Kegler Brown’s transactional practice closed a strategic growth acquisition on behalf of a leading supplier to the dry cleaning and laundry industry with headquarters in the Midwest. Kegler Brown represented Aristocraft of America LLC (dba AristoCraft) and its affiliates in connection with this strategic growth acquisition, which AristoCraft expects will help it to increase its market share in the Atlantic Northeast region. Financial terms of the May 2013 transaction were not disclosed. AristoCraft, together with the EJ Thomas Company (its sister company headquartered in Columbus, Ohio, which serves the Midwest market), is one of the leading distributors of laundry and dry cleaning supplies in the United States.
Sale of Major Business Application Software Company
Kegler Brown represented the controlling shareholder of TDCI, Inc. in its sale of TDCI to Infor (US), Inc. TDCI, headquartered in Columbus, Ohio, provides leading software product configuration management solutions to manufacturers and distributors of customizable products and services. Infor is a leading provider of business application software that serves more than 70,000 customers in 194 countries. Financial terms of the May 2013 transaction were not disclosed.
Leading Refrigeration Company Merger
Kegler Brown represented Refrigeration Systems Company and its principal shareholders in the merger of the company with Manweb Services Inc. (d.b.a., Frieje Engineered Solutions). Refrigeration Systems, founded in 1961, provides customized refrigeration engineering, preventive maintenance and repair as well as design/build services for industrial clients in the food distribution and food processing industries. Freije Engineered Solutions is a nationally recognized specialty engineering, service and installation firm providing value-added infrastructure services. Financial terms of the March 2013 transaction were not disclosed.
Majority Interest Sale Between Large Wholesale Distributors
Kegler Brown facilitated a majority interest sale between two large wholesale heating, cooling, ventilation, plumbing and water treatment distributors. In February 2013, our team represented Carr Supply, Inc. and its shareholders in connection with the sale of a majority interest of Carr Supply to WinWholesale Inc. Founded in 1917, Carr Supply is a leading wholesaler with 15 locations throughout Ohio and Michigan. WinWholesale is the majority owner of more than 450 wholesale corporations, including Noland Company. Financial terms of the transaction were not disclosed.
Asset Sale to Leading Food Service Company
In August 2012, Kegler Brown’s transactional attorneys represented Kettle Creations Inc. and its principal stockholders in connection with the sale of its business and the majority of its assets to Bob Evans Farms Inc. (NASDAQ: BOBE). Terms of the August 2012 transaction were not disclosed. Kettle Creations produces and sells refrigerated mashed potatoes, rice and pasta side dishes. Bob Evans Farms Inc. (NASDAQ: BOBE) owns and operates full-service restaurants under the “Bob Evans” brand name.
Early-Stage Medical Technology Acquisition
Kegler Brown represented a publicly traded global medical technology company in its acquisition of an early-stage medical technology business in July 2012.
Business to Consumer E-Commerce Acquisition
Kegler Brown represented a strategic operating company in connection with its acquisition of a B2C e-commerce platform acquisition from a private equity firm. The acquisition was completed in July 2012.
Sale of Energy Efficiency Business to Global Steel Manufacturer
Kegler Brown represented a leading energy efficiency solutions provider in its sale to a global steel manufacturer. Terms of the March 2012 transaction were not disclosed.
Leveraged Buyout of Industrial Contractor
Our firm represented the management team in a leveraged buyout of a leading turn-key industrial machinery maintenance and installation contractor. Terms of the February 2012 transaction were not disclosed.
Leveraged Debt and Equity Recapitalization
In August 2011, the attorneys at Kegler Brown represented a leading digital marketing agency in its sale of a minority equity interest to a Boston-based private equity firm and a related, leveraged debt recapitalization.
Sale of Building Materials Manufacturing Business
Kegler Brown represented a leading Midwest building materials manufacturer in its equity sale and debt recapitalization transaction with an operationally-focused private equity firm. Terms of the March 2011 transaction were not disclosed.
Stock Purchase of Utility Construction and Network Installation Service Provider
In March 2011, Kegler Brown’s transactional practice represented a national, full-service utility construction and network installation service provider, providing engineering, construction, installation and maintenance of power and communications distribution systems, in its acquisition of a complementary competitor located in the Southwest. Financial terms were not disclosed.
Corporate Divestiture of Health Care Business Unit
In March 2011, Kegler Brown represented a publicly traded, global medical technology company in its sale of an instrument management and repair business to a private equity fund. Financial terms of the agreement were not disclosed.
Stock Purchase of Managed Care Organization
The lawyers at Kegler Brown represented a national claims and risk management service provider in its acquisition of an Ohio-based managed care organization. The transaction was completed in January 2011 and financial terms were not disclosed.
Divestiture of Medical Products Business Unit for Public Company
The transactional practice at Kegler Brown represented a publicly traded, global medical technology company its corporate divestiture of one of its business units to a strategic buyer. Financial terms of the November 2010 transaction were not disclosed.
Acquisition of Workers’ Compensation Third Party Administrator
Our firm represented a national claims and risk management service provider in its acquisition of a licensed third party administrator that represents employers in all issues related to workers’ compensation claims administration. Financial terms of the October 2010 transaction were not disclosed.
Reorganization and Spin-Off of Construction Company
Kegler Brown represented a provider of comprehensive construction and site management, development and environmental remediation services in connection with its reorganization and a spin-off of one of its operating divisions. Financial terms were not disclosed in the June 2010 transaction.
$225 Million Stock Purchase in Health Care Industry
The attorneys at Kegler Brown advised a publicly traded, global medical technology company in connection with its May 2010 stock purchase bid for a leading innovator in clinically differentiated needleless access connectors and administration sets that deliver intravenous medication to patients.
Divestiture of Medical Product Business Unit to East Coast Private Equity Firm
In September 2008, the Kegler Brown M+A team represented a publicly-traded global healthcare company in the sale of its orthopedic product manufacturing business unit an east coast private equity firm.
Sale of Health Care Business Unit to Chicago PE Firm
Lawyers at Kegler Brown represented a publicly-traded global healthcare company in its sale of several of its business units focused on the enteral feeding, vascular access, catheter location device and surgical protection systems markets. The corporate divestitures closed in August 2008.