Sullivan
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Sullivan routinely structures and executes significant, market-making, domestic and cross-border M&A transactions:

  • Represented Horizon Beverage Group, Inc. in the sale of its Massachusetts and Rhode Island Beverage Operations to Southern Glazer's Wine & Spirits, LLC (Southern Glazer's), one of the world’s preeminent distributors 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 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 Virtual Media Group in connection with the launch of its Invincible Token ($IGGT). This matter was a combined effort between Sullivan’s Corporate/M&A Group and Sullivan’s FinTech Group. IGGT itself is a marriage of cryptocurrency, AI, and mobile gaming and is a high-profile representation of Sullivan’s capabilities in this emerging space
  • 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 Nederman Holding AB, a Swedish industrial equipment manufacturer, in its acquisition of RoboVent, an industrial air filtration company, for a purchase price of approximately $40.0 million
  • Represented Diversified Communications, an international media company, in its acquisition of Smart Energy Decisions, a hosted buyer event and digital media business
  • Represented AIwithCare (“AIWC”), a healthcare technology company using generative AI to improve clinical trial patient screening and enrollment, on its spinout from Mass General Brigham
  • Represented Greentube USA LLC, a digital gaming and entertainment subsidiary of Novomatic AG Group, an Austrian international gaming technology company, in its acquisition of the assets of Present Creative LLC, a full-service art, game development, and production solution studio specializing in casual, social, and mobile games, for an undisclosed purchase price
  • Represented Profitero Limited, an Irish e-commerce analytics company, in its acquisition by Publicis Groupe, a French multinational advertising and public relations company, for a purchase price of approximately $215.0 million
  • Represented Deposify Technologies LLC, a cash deposit collection and compliance company for landlords and property managers, in the acquisition of its assets by Rhino Labs, Inc., a provider of high-performance data security, networking, and data infrastructure solutions, for an undisclosed purchase price
  • Represented E Ink, a developer of ePaper technology, in the acquisition of its digital microfluidics division by Nuclera Nucleics Ltd, a UK bioprinter company, for an undisclosed purchase price
  • Represented DarioHealth Corp. (Nasdaq: DRIO), a global digital therapeutics company, in its acquisition of PsyInnovations, Inc. (dba wayForward), a behavioral health digital platform, for a purchase price of approximately $30.0 million
  • Represented Concertio Inc., a provider of AI-powered performance optimization software, in its acquisition by Synopsys, Inc. (Nasdaq: SNPS), an electronic design automation company, for an undisclosed purchase price
  • Represented Nano Dimension Ltd. (Nasdaq: NNDM), a provider of intelligent machines for the fabrication of additively manufactured electronics, in its acquisition of DeepCube, a developer and provider of a software-based deep learning acceleration platform, for a purchase price of approximately $70.0 million
  • Represented Masy Systems Inc., a solutions provider for the life industry, including specialization in cGMP biopharma storage, in its acquisition by Alcami Corporation, a pharmaceutical and biotech contract development and manufacturing organization, for an undisclosed purchase price
  • Represented Admiral Metals Servicecenter Company, Inc., a distributor of non-ferrous metal products, in its acquisition by Reliance Steel & Aluminum Co. (NYSE: RS), a global diversified metal solutions provider, for an undisclosed purchase price
  • Represented Integration Partners Corporation, an information technology services engineering firm, in its acquisition by ConvergeOne, a services-led cloud solution provider, for an undisclosed purchase price
  • Represented Hancock Natural Resource Group, a company of Manulife Investment Management, in its majority acquisition of David Del Curto S.A., a Chilean fruit production, packing and export company, for an undisclosed purchase price
  • Represented Simplecast, a podcast management platform, in its acquisition by SiriusXM, a broadcasting company, for a purchase price of approximately $28.0 million
  • Represented Microtec s.r.l., an Italian scanning company for the sawmilling and wood processing industries across Europe, in its acquisition of Lucidyne Technologies, Inc., a manufacturer of scanning technologies for the wood product industry, for an undisclosed purchase price
  • Represented Clear Genetics, a software company focused on integrating genetics into routine patient care, in its acquisition by Invitae Corporation (NYSE: NVTA) for a purchase price of approximately $50.0 million

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Sullivan routinely structures and executes significant, market-making, domestic and cross-border M&A transactions:

  • Represented Horizon Beverage Group, Inc. in the sale of its Massachusetts and Rhode Island Beverage Operations to Southern Glazer's Wine & Spirits, LLC (Southern Glazer's), one of the world’s preeminent distributors 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 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 Virtual Media Group in connection with the launch of its Invincible Token ($IGGT). This matter was a combined effort between Sullivan’s Corporate/M&A Group and Sullivan’s FinTech Group. IGGT itself is a marriage of cryptocurrency, AI, and mobile gaming and is a high-profile representation of Sullivan’s capabilities in this emerging space
  • 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 Nederman Holding AB, a Swedish industrial equipment manufacturer, in its acquisition of RoboVent, an industrial air filtration company, for a purchase price of approximately $40.0 million
  • Represented Diversified Communications, an international media company, in its acquisition of Smart Energy Decisions, a hosted buyer event and digital media business
  • Represented AIwithCare (“AIWC”), a healthcare technology company using generative AI to improve clinical trial patient screening and enrollment, on its spinout from Mass General Brigham
  • Represented Greentube USA LLC, a digital gaming and entertainment subsidiary of Novomatic AG Group, an Austrian international gaming technology company, in its acquisition of the assets of Present Creative LLC, a full-service art, game development, and production solution studio specializing in casual, social, and mobile games, for an undisclosed purchase price
  • Represented Profitero Limited, an Irish e-commerce analytics company, in its acquisition by Publicis Groupe, a French multinational advertising and public relations company, for a purchase price of approximately $215.0 million
  • Represented Deposify Technologies LLC, a cash deposit collection and compliance company for landlords and property managers, in the acquisition of its assets by Rhino Labs, Inc., a provider of high-performance data security, networking, and data infrastructure solutions, for an undisclosed purchase price
  • Represented E Ink, a developer of ePaper technology, in the acquisition of its digital microfluidics division by Nuclera Nucleics Ltd, a UK bioprinter company, for an undisclosed purchase price
  • Represented DarioHealth Corp. (Nasdaq: DRIO), a global digital therapeutics company, in its acquisition of PsyInnovations, Inc. (dba wayForward), a behavioral health digital platform, for a purchase price of approximately $30.0 million
  • Represented Concertio Inc., a provider of AI-powered performance optimization software, in its acquisition by Synopsys, Inc. (Nasdaq: SNPS), an electronic design automation company, for an undisclosed purchase price
  • Represented Nano Dimension Ltd. (Nasdaq: NNDM), a provider of intelligent machines for the fabrication of additively manufactured electronics, in its acquisition of DeepCube, a developer and provider of a software-based deep learning acceleration platform, for a purchase price of approximately $70.0 million
  • Represented Masy Systems Inc., a solutions provider for the life industry, including specialization in cGMP biopharma storage, in its acquisition by Alcami Corporation, a pharmaceutical and biotech contract development and manufacturing organization, for an undisclosed purchase price
  • Represented Admiral Metals Servicecenter Company, Inc., a distributor of non-ferrous metal products, in its acquisition by Reliance Steel & Aluminum Co. (NYSE: RS), a global diversified metal solutions provider, for an undisclosed purchase price
  • Represented Integration Partners Corporation, an information technology services engineering firm, in its acquisition by ConvergeOne, a services-led cloud solution provider, for an undisclosed purchase price
  • Represented Hancock Natural Resource Group, a company of Manulife Investment Management, in its majority acquisition of David Del Curto S.A., a Chilean fruit production, packing and export company, for an undisclosed purchase price
  • Represented Simplecast, a podcast management platform, in its acquisition by SiriusXM, a broadcasting company, for a purchase price of approximately $28.0 million
  • Represented Microtec s.r.l., an Italian scanning company for the sawmilling and wood processing industries across Europe, in its acquisition of Lucidyne Technologies, Inc., a manufacturer of scanning technologies for the wood product industry, for an undisclosed purchase price
  • Represented Clear Genetics, a software company focused on integrating genetics into routine patient care, in its acquisition by Invitae Corporation (NYSE: NVTA) for a purchase price of approximately $50.0 million

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

Novomatic, an International Gambling Company Acquires San Francisco-based Present Creative

Sullivan represented Novomatic digital division Greentube in its acquisition of San Francisco-based Present Creative. Novomatic, an international gambling company, has announced its intention to expand into the U.S., and Sullivan serves as M&A deal counsel. Greentube’s acquisition of Present Creative, Greentube’s first US acquisition, was completed in November 2022. The acquisition will see Greentube further expand its presence in the U.S., where it has made significant inroads over the last 12 months, with the supplier bolstering its local product offering.

Benjamin J. Armour and Johanna Colpritt

Casino Roulette with Ball on Number 23

Environmental Technology Company Acquires a Leading Industrial Air Filtration Company

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

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

Sullivan Shares Cross-Border Deal of the Year Award With Two Clients at M&A Advisor Awards

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

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