Heartland Bank Closes Construction Loan for Mixed-Use Development in Bexley
Kegler Brown represented Heartland Bank in its construction loan to Continental Development Ventures. This loan will partially fund the construction of “The Fitzgerald,” a mixed-use project with 226 residential units, office and retail space, and public parking, located in Bexley, Ohio. The project incorporates TIF, PACE, and Capital Lease bond financing, in addition to the construction loan, through the involvement of the Columbus-Franklin County Finance Authority.
Sale of Kent Water Sports to Seawall Capital
The M+A team at Kegler Brown advised Kent Water Sports and its related entities in its December 2020 sale to Seawall Capital. Kent Water Sports, a platform of action sports brands with products spanning personal flotation devices, wakeboards, water skis, towable tubes, snowboards, and more, was advised by Kegler Brown on all aspects of the sale transaction to Seawall Capital, which is a middle-market private equity firm focused on making investments in companies with strong connections to their end consumers.
Acquisition, Refinancing, and Spin-off of Non-core Assets for West Virginia-based Beverage Distributor
We assisted a growing West
Virginia-based beverage distributor through a series of strategic transactions
in 2016 and 2017, including the acquisition of distribution rights, real
estate, and inventory from a distributor in an adjacent territory with
operations in two different markets in West Virginia. This acquisition made our
client one of the largest beverage distributors in the state.
Our
assistance included the negotiation of a new credit facility to finance the acquisition
and to re-finance existing debt, as well as the sale of distribution rights and
inventory of our client’s Ohio and Kentucky franchises. We also provided
guidance on the reorganization of their corporate structure in order to permit
more streamlined post-closing operations and additional future growth, as well
as tax strategy and transition issues.
Acquisition of Polyolefin Films Plant and Related Business Assets from Public Company
Through the end of 2014 into early
2015, we advised Brazil-based packaging manufacturer Valfilm on all aspects of a
multi-million dollar acquisition of a polyolefin films plant in Findlay, Ohio, as
well as related business assets, from The Dow Chemical Company. This included
providing guidance on transaction and organizational structures, tax credits, intellectual
property matters, real estate issues and environmental compliance. We also
assisted with risk management and transition and post-closing operations.
Valfilm
took ownership of the plant in early 2015 with plans to double its employment.
Leasing + Negotiation for Ohio-Based Retail Foodservice Company
Our lawyers are representing an Ohio-based national leader in
artisan ice cream products as real estate counsel in connection with its
leasing of retail locations throughout the United States.
