Client Sells $250M Enterprise

Attorneys David J. Roettgers and Steven M. Szymanski recently worked with a long term and valued corporate client of the firm to explore possible sale alternatives and ultimately consummate a sale of the client’s business.  Despite an economic climate labeled the “Great Recession,” Mr. Roettgers and Mr. Szymanski successfully negotiated and closed the sale of the business, which had an enterprise value in excess of $250 million, to a New York based private equity group.  With the buyer represented by a major New York law firm, Mr. Roettgers and Mr. Szymanski negotiated terms favorable to the client which maximized upfront cash for the client’s owners, provided additional cash to the client’s owners based upon the performance of the acquired business, and minimized long term risk to the client’s owners.  The owners of the client also maintained an ownership interest in the acquired entity, allowing them to realize additional value upon a future sale of the business.  The owners of the client have continued to manage the acquired business and the firm continues to represent the continuing interests of the acquired business.