Mergers & Acquisitions

Experience

Sale of Family-Owned Coal Company

When Pine Branch Coal Sales was presented with the opportunity to sell their operating assets, they turned to Dinsmore for counsel. A family-operated coal company, Pine Branch was approached by Blackhawk Mining, LLC about the potential transaction, which would allow Blackhawk to more than double its production. We worked with Pine Branch to facilitate the deal, including conducting due diligence analysis and preparing and drafting the appropriate documentation. We also assisted the client with the complex financial aspects of the deal, which included a component of seller financing and a multi party intercreditor arrangement with a consortium of lenders headed by Deutsche Bank. We then counseled the client through the closing and execution of the sale, which was completed efficiently and to the satisfaction of the client.

Sale of High-end Printing Company to Consolidated Graphics, Inc.

We represented The Hennegan Company in the sale of its business to Consolidated Graphics, headquartered in Houston, Texas.  Consolidated Graphics operates 70 printing companies located across 27 states, in Canada and Prague, the Czech Republic.  Hennegan, a filing agent for the U.S. Securities and Exchange Commission and a certified vendor for the Forest Stewardship Council, is headquartered in Florence, Kentucky and is a leading provider of ultra-fine printing.  At the time of the transaction, Hennegan had annual revenues of approximately $85 million.

Sale of National Third-party Administrator

We represented our client, United Medical Resources, in its acquisition by UnitedHealthcare.  United Medical Resources, a national third-party administrator, worked with more than 120 customers in health care, manufacturing, retail and service industries.  The company maintained its Cincinnati-area headquarters following the sale.  At the time of the transaction, United Medical Resources administered more than 1,400 health benefit plans for more than 400,000 members.

Sale of Specialty Publisher

Helped the Rosenthal Family sell F&W Publications, Inc., a Cincinnati, Ohio-based publisher of about 60 special interest magazines and books, to Citicorp Venture Capital.  Following the $100MM+ sale, our client retained a minority stake in the business.

Sale of Technology Company

When Space Computer Corporation, a technology company that specializes in software for hyperspectral sensors, sought counsel to guide them through a merger with ITT Exelis, they turned to Dinsmore. Space Computer Corporation’s business includes the development and production of hyperspectral sensors, which are installed on satellites, manned aircraft and unmanned vehicles to detect hidden or obscure targets, cue other sensors, and downlink real-time data to analysts, including providing such services and products to the defense industry, U.S. military and government organizations. We were tax and transactional counsel, advising the clients on all aspects of the transaction, including tax structuring, negotiating terms, drafting the applicable documents, closing, and ensuring that our client’s interests were protected throughout the entirety of the transaction.

Simultaneous Asset and Stock Purchase

Represented a foreign entity in a multimillion-dollar acquisition of coal producing companies. Provided client with advice which minimized tax consequences and facilitated the establishment of more economical mining operations.

Stock Exchange

Represented the purchaser in the $20,000,000 acquisition of a competing chain of vision correction centers.

Stock Purchase

Represented a publicly-held provider of engineering design software in the cash stock purchase of a data management software company.

Stock Purchase

Represented publicly-held provider of engineering design software in acquisition of competitive product data software company for cash

Stock Purchase

Parties to corporate litigation settled their suit through partial sale, partial spinoff of key property in a stock purchase transaction.

Stock Purchase

Assisted client with obtaining financing for, negotiating and finalizing acquisition of a family owned manufacturing business.

Stock Purchase

Represented the publicly-held purchaser of a Canadian venture-funded software company.

Stock Purchase

Unwinding of a previously-established joint venture through the negotiated buy-out of joint venture party.

Stock Sale

Represented public company in the sale of an $8,000,000 non-core Canadian software subsidiary to Canadian purchasers.

Stock-For-Stock Merger

Sale of publicly-traded company to another publicly-traded company in registered S-4 transaction.

Stock-for-Stock Tax Free Merger

Represented a large publicly-held savings and loan holding company in its acquisition by a larger publicly-held bank holding company in a stock-for-stock tax free merger.

Strategic Acquisition of Business in Competitive Swimming Industry

We assisted a former president of a volleyball equipment company in identifying a new business for him to purchase. He wanted to find a business in which he could leverage his experience in growing a volleyball equipment company. We helped him find a company that sells swimming pool racing lanes and other competitive swim products. He decided he wanted to buy the company and we assisted in the negotiation of the terms of the acquisition as well as drafting and negotiating the acquisition agreement and other transaction documents.

Strategic Business Counsel to Global Aluminum Manufacturer

Dealing with the Details

Every business, no matter how efficient, faces myriad challenges in keeping the company moving forward. From contracts and agreements to employee relations, intellectual property, corporate governance and administrative activities, establishing a solid framework for operations will not only protect assets and interests, but will also shield the business from liability.

When Tri-Arrows Aluminum, formerly ARCO Aluminum, was established in 2011, it turned to Dinsmore for guidance on a variety of strategic business issues. Our attorneys worked to acclimate themselves within the Tri-Arrows culture, enabling them to offer insightful counsel to further the company’s objectives by supporting negotiations with customers and suppliers. We fill a number of roles for Tri-Arrows, including reviewing contract language from the customer side, as well as reviewing supplier agreements from a risk management perspective, keeping a focus on both the short and long-term impacts of each agreement. As our team has become integrated with Tri-Arrows, we’ve become adept at stepping in throughout the contract process, whether it be initial negotiations and drafting, or simply reviewing and vetting the final product. Our attorneys understand the high standards that are synonymous with Tri-Arrows, and we thoroughly examine each contract and agreement to ensure our client is protected.

Protecting Tri-Arrows is also the driving force behind our ongoing advice regarding the management of its complex, manufacturing joint venture agreement with a competitor. The unique circumstances surrounding the joint venture, as well as the distinctive ownership structure of Tri-Arrows, pose myriad potential issues, including antitrust concerns. Our attorneys work diligently to ensure that Tri-Arrows is maximizing its potential in the marketplace without exposing it to unnecessary risk. We routinely advise Tri-Arrows on its business relationship within the joint venture, ensuring that the terms of the agreement remain favorable and satisfactory to our client as it continues to grow as a company.

Dinsmore’s attention to detail has also led to the ongoing development and structuring of a new document retention system within Tri-Arrows, enabling it to effectively leverage the Internet to provide global accessibility. Tri-Arrows’ “gold standard” approach to business, coupled with our team’s thorough knowledge of state and federal document retention requirements, has led to exploring robust options that serve the company’s long-term interests.

In guiding Tri-Arrows through its formation and providing ongoing counsel on a variety of matters, Dinsmore has become a valuable resource in its development.

Sundor Group Inc. Acquisition

Assisted our client, Procter & Gamble, in their $325MM cash acquisition of Sundor Group Inc.  Sundor, which was owned by Australia's Elders IXL brewery, makes and sells Sunny Delight Florida Citrus Punch, Texsun grapefruit drinks, Lincoln apple drinks and Speas Farm apple drinks.