Sullivan
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Biography

    Mergers & Acquisitions

    • Represented Nineteen Group, an international events and media organization, on its acquisition of The Lead, a fast-growing portfolio of executive-level brand and retail leadership events and forums focused on the strategies, technology and operating models shaping modern consumer businesses
    • Represented Sounds Profitable, a prominent media company for the podcast industry, in its merger with Podcast Movement, the world’s premier platform for podcast creators, industry leaders and media innovators
    • Represented Horizon Beverage Group Inc., one of New England’s premier alcohol distributors, in its sale to Southern Glazer’s Wine & Spirits, the world’s preeminent distributor of beverage alcohol
    • Represented Wonder Media Network (WMN), a female-founded, audio-first creative studio based in New York City, in its sale to Acast, the world’s largest independent podcast company
    • Represented Diversified Communications, an international media company, in its acquisition of Smart Energy Decisions, a hosted buyer event and digital media business
    • Represented Diversified (formerly Diversified Communications), a global media company that connects businesses through face-to-face events (trade shows, conferences) and digital platforms, on its acquisition of Marine Money, a leading brand in ship finance events and publications
    • Represented Powertech USA, Inc., a subsidiary of BC Hydro, in its first acquisition in the United States, which involved the purchase of assets from Boston-based Lifte H2, Inc.
    • Represented Manulife Investment Management Timberland and Agriculture Inc. (f/k/a Hancock Natural Resource Group, Inc.) in its majority acquisition of David Del Curto SpA, a Chilean fruit production, packing and export company
    • Represented Masy BioServices, a preferred provider of cGMP Biostorage and pharma support services, in its acquisition by Alcami Corporation, a leading pharmaceutical and biotech contract development and manufacturing organization
    • Represented Admiral Metals Servicecenter Company, Inc., a leading distributor of metal products in the Northeastern United States, in its acquisition by Reliance Steel & Aluminum Co., a global diversified metal solutions provider
    • Represented Softrip, a leading provider of end-to-end business software to tour operators worldwide, in its sale to Footbridge Partners
    • Represented Simplecast in its acquisition by SiriusXM. Simplecast is a leading podcast management platform that enables podcasters to publish, manage, and measure their content
    • Represented Tekscan, a leading manufacturer of flexible, ultra-thin sensors and systems, in its acquisition by Artemis Capital Partners
    • Represented Microtec s.r.l., the premier scanning company for the sawmilling and wood processing industries across Europe, in its acquisition of Lucidyne Technologies, Inc., a world-leading manufacturer of scanning technologies for the wood product industry
    • Represented Reason Capital Group in its acquisition of Bematech International Corp. from Bematech S.A., a subsidiary of Brazilian public company TOTVS S.A.
    • Represented the owners of Fitzgerald Health Education Associates LLC in its sale to Colibri Group, which is backed by Gridiron Capital
    • Represented Social Fulcrum LLC in its sale to Target Data, Inc.
    • Represented Halo2Cloud, LLC, a leading direct-to-consumer mobile accessories company with an extensive intellectual property portfolio and international operations, in its $43 million sale to ZAGG Inc. (NASDAQ:ZAGG), a global leader and innovator in accessories and technologies that empower mobile lifestyles
    • Represented Wolfe Laboratories, Inc., a leading contract research organization (CRO) that provides integrated pharmaceutical development services for biotechnology and pharmaceutical companies, in the sale of 100% of its stock to Pace Analytical Services, LLC, a portfolio company of Aurora Capital, a west coast private equity firm
    • Represented Buffet Group S.A., a French company that leads in the manufacture and sale of woodwind instruments, in its acquisition of Verne Q. Powell Flutes, a Massachusetts corporation that manufactures and sells flutes and piccolos
    • Represented Locus Energy, one of the largest data management companies in the renewable energy industry, in its acquisition by Genscape, a global leader in energy monitoring data and intelligence
    • Represented Onet S.A., a French conglomerate engaged in commercial cleaning, building security and other commercial services, in its acquisition of EPM Holding Company, a Massachusetts corporation engaged in the nuclear power/fire safety engineering business
    • Represented Associates for International Research, Inc., a human resources consulting company, and its major shareholders in the sale of a majority interest to Relo Group, Inc., a Japanese provider of corporate relocation services
    • Represented Netwatch Systems, an Irish security services company, in its initial acquisition of a US company
    • Represented The Ready Group in its sale to DirectAlert LLC, a portfolio company of HGGC, a private equity firm
    • Represented GreenBytes, Inc., a Rhode Island-based provider of data compression and management technology with domain expertise in the areas of deduplication, replication, and virtualization, in its sale to Oracle Corporation
    • Represented ClickSoftware Technologies Limited, a provider of automated workforce management and optimization solutions for the service industry, in its acquisition of Xora, Inc., a global leader in mobile workforce management
    • Represented a private equity firm in its $140 million acquisition of a public software company
    • Represented a health care company in its $53 million sale to a private equity firm
    • Represented a private equity firm focused on turnaround situations in its acquisition of a medical devices manufacturer
    • Represented the founder in the $120 million sale of a personal care products company to a private equity firm

    Family-Owned Businesses

    • Represent a leading family-owned New England beverage distribution company in various commercial and inter-family matters
    • Represent a family-owned outdoor advertising company, including with respect to related entity management functions
    • Represent a family-owned events and media company in joint ventures, acquisitions and other corporate matters

    Lending Deals

    • Represented Santander Bank as agent in its syndicated, asset-backed facility to finance the acquisition of Microfinancial, Inc., a financial intermediary specializing in microticket leasing and financing
    • Represented the lender in a $100 million financing of an international consulting company
    • Represented the senior lender in an acquisition financing for a private equity-backed borrower in the life sciences industry, including negotiation of intercreditor terms, and subsequent workout
    • Represented a senior lender in several acquisition financings for borrowers in the restaurant industry
    • Represented a mezzanine lender in a $35 million financing of a private equity-backed acquisition
    • Represented a health care company borrower and private equity sponsor in a $50 million senior facility and a $12 million mezzanine loan

    Equity Finance and Other Corporate Deals

    • Represented Impact Analytics, a leading provider of AI-driven SaaS solutions for planning and merchandising within the retail industry, in an $11m growth financing led by Argentum
    • Represented Money in Motion, one of the co-founders of bKash, the leading mobile financial services provider of Bangladesh, in the formation of a strategic partnership with Ant Financial, operator of Alipay, to promote financial inclusion for the unbanked and underbanked communities in Bangladesh
    • Represented a family office in early-stage financings of alternative energy and sustainable farming companies
    • Represented a technology company in a venture debt financing structured to be compliant with Sharia law
    • Represented a software as a service company in its Series A and B financings and multiple partner arrangements
    • Represented a renewable energy company in over $65 million in venture financings and multiple R&D agreements
    • Advised a solar development company on a novel financing platform for replicable small-scale solar installation deal structures, including optimization of structure for incorporating non-traditional tax equity investments
    • Represented a family office in multiple early-stage financings for emerging businesses

    Matters

      Mergers & Acquisitions

      • Represented Nineteen Group, an international events and media organization, on its acquisition of The Lead, a fast-growing portfolio of executive-level brand and retail leadership events and forums focused on the strategies, technology and operating models shaping modern consumer businesses
      • Represented Sounds Profitable, a prominent media company for the podcast industry, in its merger with Podcast Movement, the world’s premier platform for podcast creators, industry leaders and media innovators
      • Represented Horizon Beverage Group Inc., one of New England’s premier alcohol distributors, in its sale to Southern Glazer’s Wine & Spirits, the world’s preeminent distributor of beverage alcohol
      • Represented Wonder Media Network (WMN), a female-founded, audio-first creative studio based in New York City, in its sale to Acast, the world’s largest independent podcast company
      • Represented Diversified Communications, an international media company, in its acquisition of Smart Energy Decisions, a hosted buyer event and digital media business
      • Represented Diversified (formerly Diversified Communications), a global media company that connects businesses through face-to-face events (trade shows, conferences) and digital platforms, on its acquisition of Marine Money, a leading brand in ship finance events and publications
      • Represented Powertech USA, Inc., a subsidiary of BC Hydro, in its first acquisition in the United States, which involved the purchase of assets from Boston-based Lifte H2, Inc.
      • Represented Manulife Investment Management Timberland and Agriculture Inc. (f/k/a Hancock Natural Resource Group, Inc.) in its majority acquisition of David Del Curto SpA, a Chilean fruit production, packing and export company
      • Represented Masy BioServices, a preferred provider of cGMP Biostorage and pharma support services, in its acquisition by Alcami Corporation, a leading pharmaceutical and biotech contract development and manufacturing organization
      • Represented Admiral Metals Servicecenter Company, Inc., a leading distributor of metal products in the Northeastern United States, in its acquisition by Reliance Steel & Aluminum Co., a global diversified metal solutions provider
      • Represented Softrip, a leading provider of end-to-end business software to tour operators worldwide, in its sale to Footbridge Partners
      • Represented Simplecast in its acquisition by SiriusXM. Simplecast is a leading podcast management platform that enables podcasters to publish, manage, and measure their content
      • Represented Tekscan, a leading manufacturer of flexible, ultra-thin sensors and systems, in its acquisition by Artemis Capital Partners
      • Represented Microtec s.r.l., the premier scanning company for the sawmilling and wood processing industries across Europe, in its acquisition of Lucidyne Technologies, Inc., a world-leading manufacturer of scanning technologies for the wood product industry
      • Represented Reason Capital Group in its acquisition of Bematech International Corp. from Bematech S.A., a subsidiary of Brazilian public company TOTVS S.A.
      • Represented the owners of Fitzgerald Health Education Associates LLC in its sale to Colibri Group, which is backed by Gridiron Capital
      • Represented Social Fulcrum LLC in its sale to Target Data, Inc.
      • Represented Halo2Cloud, LLC, a leading direct-to-consumer mobile accessories company with an extensive intellectual property portfolio and international operations, in its $43 million sale to ZAGG Inc. (NASDAQ:ZAGG), a global leader and innovator in accessories and technologies that empower mobile lifestyles
      • Represented Wolfe Laboratories, Inc., a leading contract research organization (CRO) that provides integrated pharmaceutical development services for biotechnology and pharmaceutical companies, in the sale of 100% of its stock to Pace Analytical Services, LLC, a portfolio company of Aurora Capital, a west coast private equity firm
      • Represented Buffet Group S.A., a French company that leads in the manufacture and sale of woodwind instruments, in its acquisition of Verne Q. Powell Flutes, a Massachusetts corporation that manufactures and sells flutes and piccolos
      • Represented Locus Energy, one of the largest data management companies in the renewable energy industry, in its acquisition by Genscape, a global leader in energy monitoring data and intelligence
      • Represented Onet S.A., a French conglomerate engaged in commercial cleaning, building security and other commercial services, in its acquisition of EPM Holding Company, a Massachusetts corporation engaged in the nuclear power/fire safety engineering business
      • Represented Associates for International Research, Inc., a human resources consulting company, and its major shareholders in the sale of a majority interest to Relo Group, Inc., a Japanese provider of corporate relocation services
      • Represented Netwatch Systems, an Irish security services company, in its initial acquisition of a US company
      • Represented The Ready Group in its sale to DirectAlert LLC, a portfolio company of HGGC, a private equity firm
      • Represented GreenBytes, Inc., a Rhode Island-based provider of data compression and management technology with domain expertise in the areas of deduplication, replication, and virtualization, in its sale to Oracle Corporation
      • Represented ClickSoftware Technologies Limited, a provider of automated workforce management and optimization solutions for the service industry, in its acquisition of Xora, Inc., a global leader in mobile workforce management
      • Represented a private equity firm in its $140 million acquisition of a public software company
      • Represented a health care company in its $53 million sale to a private equity firm
      • Represented a private equity firm focused on turnaround situations in its acquisition of a medical devices manufacturer
      • Represented the founder in the $120 million sale of a personal care products company to a private equity firm

      Family-Owned Businesses

      • Represent a leading family-owned New England beverage distribution company in various commercial and inter-family matters
      • Represent a family-owned outdoor advertising company, including with respect to related entity management functions
      • Represent a family-owned events and media company in joint ventures, acquisitions and other corporate matters

      Lending Deals

      • Represented Santander Bank as agent in its syndicated, asset-backed facility to finance the acquisition of Microfinancial, Inc., a financial intermediary specializing in microticket leasing and financing
      • Represented the lender in a $100 million financing of an international consulting company
      • Represented the senior lender in an acquisition financing for a private equity-backed borrower in the life sciences industry, including negotiation of intercreditor terms, and subsequent workout
      • Represented a senior lender in several acquisition financings for borrowers in the restaurant industry
      • Represented a mezzanine lender in a $35 million financing of a private equity-backed acquisition
      • Represented a health care company borrower and private equity sponsor in a $50 million senior facility and a $12 million mezzanine loan

      Equity Finance and Other Corporate Deals

      • Represented Impact Analytics, a leading provider of AI-driven SaaS solutions for planning and merchandising within the retail industry, in an $11m growth financing led by Argentum
      • Represented Money in Motion, one of the co-founders of bKash, the leading mobile financial services provider of Bangladesh, in the formation of a strategic partnership with Ant Financial, operator of Alipay, to promote financial inclusion for the unbanked and underbanked communities in Bangladesh
      • Represented a family office in early-stage financings of alternative energy and sustainable farming companies
      • Represented a technology company in a venture debt financing structured to be compliant with Sharia law
      • Represented a software as a service company in its Series A and B financings and multiple partner arrangements
      • Represented a renewable energy company in over $65 million in venture financings and multiple R&D agreements
      • Advised a solar development company on a novel financing platform for replicable small-scale solar installation deal structures, including optimization of structure for incorporating non-traditional tax equity investments
      • Represented a family office in multiple early-stage financings for emerging businesses

      Matters

      Horizon Beverage Group, Inc. Acquired by the World’s Preeminent Distributor of Beverage Alcohol

      Sullivan represented Horizon Beverage Group Inc., one of New England’s premier alcohol distributors, in its sale to Southern Glazer’s Wine & Spirits, the world’s preeminent distributor of beverage alcohol. The acquisition marks an exciting expansion for Southern Glazer’s, adding Massachusetts and Rhode Island as the 46th and 47th markets in its U.S. footprint, alongside operations in Canada and the Caribbean.

      “We are grateful to Horizon’s employees, customers, and partners for so many years of success, and this transition represents an even brighter future for all,” said Bob Epstein, CEO/President at Horizon. “We’re confident that Southern Glazer’s strength and scale will not only support a smooth integration, but also create new opportunities for growth and success.”

      “We’re committed to maintaining the exceptional service that Horizon is known for while bringing the added benefits of being part of the Southern Glazer’s family,” added Jim Rubenstein, CEO/Treasurer at Horizon. “This partnership ensures stability and growth for all stakeholders and strengthens our ability to deliver value across the board.”

      Lewis N. Segall, Charles E. Chambers Jr., Ida J. Vanto, Sharon G. Leifer, Steven M. Cunningham, Jr. and Christopher C. Curtis

      Wonder Media Network (WMN) Acquired by the World's Largest Independent Podcast Company

      Sullivan represented Wonder Media Network (WMN), a female-founded, audio-first creative studio based in New York City, in its sale to Acast, the world’s largest independent podcast company. "WMN’s mission is so tightly aligned with that of Acast - bringing important and changemaking stories to the world," said WMN CEO Jenny Kaplan. "Together, we will allow both creators and advertisers to reach new audiences, build successful businesses, and shape the future of audio."

      Lewis N. Segall, Joel R. Carpenter, Amy E. Sheridan, Erika L. Todd, Johanna Colpritt and Nathan Kosik-Desmond

      Artificial Intelligence Company Advised in Growth Financing

      Sullivan represented Impact Analytics Inc. in its $5.5 million growth financing round led by Argentum Capital Partners. The company unites artificial intelligence with human validation that brings machine learning to the forefront of data-driven business decisions.

      Lewis N. Segall and Johanna Colpritt

      Young businesswoman looking at smartphone in spaceship like corridor

      Admiral Metals Acquired by Reliance Steel & Aluminum Co., Largest Metals Service Center Company in North America

      Sullivan represented Admiral Metals who was acquired by Reliance Steel & Aluminium Co. (NYSE: RS). “Admiral Metals has built a strong reputation in the metals industry for providing specialty products, high levels of customer service and next-day delivery,” commented Jim Hoffman, Chief Executive Officer of Reliance. “We believe this acquisition will enable Admiral Metals to leverage Reliance’s scale in order to capitalize on further growth opportunities while maintaining its strong brand recognition. We are excited to welcome Admiral Metals to the Reliance Family of Companies, our 70th acquisition since our 1994 IPO.”

      Lewis N. Segall, Victor N. Baltera and Sharon G. Leifer

      Masy BioServices Acquired by a Leading Pharmaceutical and Biotech Contract Development and Manufacturing Organization

      Sullivan represented Masy Systems Inc. ("Masy" or "Masy BioServices"), a preferred provider of cGMP Biostorage and pharma support services, in the sale of its Masy to Alcami Corporation, a leading pharmaceutical and biotech contract development and manufacturing organization (CDMO). 

      Lewis N. Segall and Steven M. Cunningham, Jr.

      Scientist holding DNA gel in front of samples for testing in laboratory

      Matters