Multi-Company Ownership Transition Agreement + Sale of Equity Interests
Kegler Brown Hill + Ritter acted as counsel to the remaining partner of a pair of privately-owned Ohio-based companies – one in the industrial vegetation management industry and the other in helicopter services for the utilities industry – in the redemption of each company’s equity interests.
This multilayered negotiation saw both companies being owned in equal parts by two partners, with one partner looking to retire and exit the business, and the remaining partner wanting them to still be involved in the business to help with the transition.
Our attorneys drafted the employment agreement for the exiting partner with a short term, followed by a consultant agreement that would take effect after that term expires.