September 16, 2026
–Blog Post
Same Business, New Number: Rev. Rul. 2008-18, the 60-Month Rule, and the Price of the Fix
LexisNexis

The environmental technology company, Nederman Holding AB, represented by Sullivan, recently acquired a leading industrial air filtration company RoboVent, significantly strengthening its North American position by becoming the number one player within the U.S. weld fume extraction segment. Sullivan has provided acquisition advice to Nederman since 2017. Sullivan’s Environment & Natural Resources group handled preparation of environmental provisions of the purchase agreement and disclosure schedules and advised as to regulatory compliance at the target company.
Michael J. Student, Avinash R. Rao, Amy E. Sheridan, Erika L. Todd, Douglas S. Stransky and Ida J. Vanto
In November 2021, Sullivan together with its clients Merger & Acquisition Services, Inc., and International Transportation Marine Office, LLC (ITMA) received the Cross-Border Deal of the Year ($50 to $100 million) Award, at the 20th Annual M&A Advisor Awards in New York City. The award was given for the sale of ITMA to MS Amlin Underwriting Limited, a UK company. Don Kaitz retained his role as chairman of Arizona-headquartered ITMA, and the business continued to be led by Eric Kaitz, Chief Executive Officer. Earlier in 2021, Douglas Stransky and Michael Student, along with Merger & Acquisition Services Inc., advised ITMA and the Kaitzes.
Partner and head of Sullivan's International Tax Group, Douglas Stransky, commented, "We are thrilled to receive this honor and be together in-person with our clients and friends, Merger & Acquisition Services, Inc. and Don and Eric Kaitz, and proud to have collaborated with them on this sale."
Douglas S. Stransky and Michael J. Student
Sullivan & Worcester’s recently acquired award-winning European Growth Capital Team, led by James Shaw and Ben Williams, advised ETF Partners (Lead) and A&G in connection with their continued support and investment in Open Cosmos, a U.K.-headquartered satellite technology company, as part of the company's €300 million funding round announced on September 14, 2026. The financing was backed primarily by European investors and represents one of the most significant recent investments in Europe's growing
On September 11, 2026, the Securities and Exchange Commission (the “SEC”) granted petitions seeking review of the July 22, 2026 delegated approval of Nasdaq’s proposed $5 million Market Value of Listed Securities (“MVLS”) continued listing requirement. The SEC also confirmed that the approval order will remain stayed pending further order of the Commission. Accordingly, the new MVLS requirement is not currently in effect. If ultimately implemented, the rule would permit Nasdaq
Sullivan & Worcester was pleased to sponsor the 2026 ITFA Emerging Leader Award, presented at the Gala Dinner during ITFA’s 52nd Annual International Trade and Forfaiting Conference in Split, Croatia. Following presentations by the three shortlisted candidates and a vote by delegates attending the conference, Harry Thursby-Pelham at HSBC was named the 2026 winner for his project, ‘Fluent in Finance’. Sullivan partner and head of the firm’s Trade & Export Finance
Karen Kepler will moderate a panel discussion titled “From Subsidized to Missing Middle: Developing for Affordability” at Bisnow’s Multifamily Annual Conference (BMAC) New England, taking place September 24 at Artists For Humanity in Boston. The panel will examine the financing tools and subsidy structures available to affordable housing developers, the gaps that remain in the capital stack and how shifting development economics are prompting cities, developers and nonprofits to rethink how
Douglas S. Stransky, partner and leader of the Tax Practice Group, has published the third post in his series for the LexisNexis blog, examining what happens when the most common structuring sequence in S corporation M&A runs into a target’s own election history. The post follows a hypothetical sale of a U.S. manufacturer to a foreign strategic buyer, where a pre-closing F reorganization under Rev. Rul. 2008-18 is the standard answer:
John Hunt will participate in a panel discussion titled "Regulatory Review & Potential Reforms" at Crane Data’s European Money Fund Symposium on September 25, 2026, in Paris, France. John will be joined by Dennis Gepp, Head of European Government Affairs at Federated Hermes. Recent and upcoming regulatory changes impacting European and UK money market funds will be explored. The European Money Fund Symposium offers "offshore" money fund portfolio managers, and money market investors,
Gregory Sampson was quoted in the Bisnow article, “Healey's New Data Center Rules Make Massachusetts A Tough Sell For Developers,” discussing Massachusetts Governor Maura Healey's executive order establishing new requirements for large-scale data center development in the Commonwealth. The article examines how the order will affect proposed data center projects, including requirements related to local approval, community benefit agreements, power infrastructure and environmental impacts. As discussed by Greg, the order was the
Molly Depew will present “Basics of Estate and Trust Administration” at the American Bar Association (ABA)’s Skills Training for Estate Planners, a virtual conference taking place September 17–18 and sponsored by the ABA Real Property, Trust & Estate Law Section. The program offers a streamlined, practice-focused introduction to estate planning for attorneys building skills in trusts and estates. Ideal for young lawyers and those transitioning into the field, the course provides
On August 5, 2026, Article 28-F of the New York Public Health Law (the “Medical Aid in Dying Act” or the “Act”) became effective, creating a framework under which, in certain limited circumstances, terminally ill New York residents may request and self-administer medication intended to hasten death.[i] Although narrow in its scope, the Medical Aid in Dying Act serves as a reminder of the importance of advanced healthcare planning and clearly
First, a crucial clarification. While The Princess Bride (the wonderful movie) has the frame narrative of a grandfather who reads the book to his grandson, The Princess Bride (the wonderful book) has the frame narrative of a man whose father read it to him, and who wants to share it with his own son. The book is out of print, and the man sends his lawyer to a used bookstore
Sullivan & Worcester’s recently acquired award-winning European Growth Capital Team, led by James Shaw and Ben Williams, advised ETF Partners (Lead) and A&G in connection with their continued support and investment in Open Cosmos, a U.K.-headquartered satellite technology company, as part of the company's €300 million funding round announced on September 14, 2026. The financing was backed primarily by European investors and represents one of the most significant recent investments in Europe's growing
On September 11, 2026, the Securities and Exchange Commission (the “SEC”) granted petitions seeking review of the July 22, 2026 delegated approval of Nasdaq’s proposed $5 million Market Value of Listed Securities (“MVLS”) continued listing requirement. The SEC also confirmed that the approval order will remain stayed pending further order of the Commission. Accordingly, the new MVLS requirement is not currently in effect. If ultimately implemented, the rule would permit Nasdaq
Sullivan & Worcester was pleased to sponsor the 2026 ITFA Emerging Leader Award, presented at the Gala Dinner during ITFA’s 52nd Annual International Trade and Forfaiting Conference in Split, Croatia. Following presentations by the three shortlisted candidates and a vote by delegates attending the conference, Harry Thursby-Pelham at HSBC was named the 2026 winner for his project, ‘Fluent in Finance’. Sullivan partner and head of the firm’s Trade & Export Finance
Karen Kepler will moderate a panel discussion titled “From Subsidized to Missing Middle: Developing for Affordability” at Bisnow’s Multifamily Annual Conference (BMAC) New England, taking place September 24 at Artists For Humanity in Boston. The panel will examine the financing tools and subsidy structures available to affordable housing developers, the gaps that remain in the capital stack and how shifting development economics are prompting cities, developers and nonprofits to rethink how
Douglas S. Stransky, partner and leader of the Tax Practice Group, has published the third post in his series for the LexisNexis blog, examining what happens when the most common structuring sequence in S corporation M&A runs into a target’s own election history. The post follows a hypothetical sale of a U.S. manufacturer to a foreign strategic buyer, where a pre-closing F reorganization under Rev. Rul. 2008-18 is the standard answer:
John Hunt will participate in a panel discussion titled "Regulatory Review & Potential Reforms" at Crane Data’s European Money Fund Symposium on September 25, 2026, in Paris, France. John will be joined by Dennis Gepp, Head of European Government Affairs at Federated Hermes. Recent and upcoming regulatory changes impacting European and UK money market funds will be explored. The European Money Fund Symposium offers "offshore" money fund portfolio managers, and money market investors,