The law firm of Norris McLaughlin, P.A., is proud to announce that its client, Summit Drilling, a leading provider of environmental drilling services, has partnered with a group of strategically aligned investors to recapitalize the business. Jeffrey K. Cassin and Nicholas F. Pellitta, Members of the firm, were the working attorneys and lead counsel on this matter.
“Working with Summit Drilling for some time now, I have grown to truly appreciate the relationship, and this growth is just another indication of how much work the company has put into its success,” said Pellitta.
Cassin added, “We’re proud to have had this opportunity and look forward to many more.”
Through this transaction, Summit will gain access to the capital and resources required to grow aggressively. The move signals Summit’s confidence that major growth opportunities exist in the environmental drilling sector.
“This partnership will enable us to accelerate many aspects of our strategic plan,” said Robert Kreilick Jr., President and CEO of Summit Drilling. “I am grateful to Norris Mclaughlin and in particular Nick Pellitta and Jeff Cassin for their work on behalf of Summit during the recapitalization process. Norris Mclaughlin has been counsel to Summit Drilling for more than 20 years and has helped us navigate numerous challenging and diverse issues.”
Summit Drilling, which has grown steadily since 1986, offers a diverse set of drilling solutions and continually evolves to anticipate and meet the needs of the industry. They are well-regarded by customers for their dedicated health and safety culture and have successfully supported some of the world’s largest environmental engineering firms. For more information on Summit Drilling and its environmental contracting services, call 800-242-6648.
Cassin is a business attorney, concentrating his practice in the areas of mergers and acquisitions, investment transactions, corporate law, and business contracts. He represents middle-market, mid-size businesses, funds, start-ups, media and technology companies, and individual investors, among others. Cassin counsels clients concerning complex middle-market M&A transactions, deal negotiations, and management decisions, and has served as the primary attorney on dozens of sell-side and buy-side transactions, across industries.
Cassin also has extensive transactional experience. He represents many start-up companies and founders in initial formation, early operational matters, and friends-and-family, seed, and venture capital rounds of investment. Cassin handles matters ranging from financing rounds, both equity and debt, to negotiating agreements among business owners, investors, executives, and employees. His representation of start-ups, particularly technology companies, has included taking companies from their early stages through sale. Cassin earned his J.D. in 2005 from Benjamin N. Cardozo School of Law and his B.A. in 2002 from The George Washington University: Elliot School of International Affairs.
Pellitta has substantial experience in a variety of legal areas in both federal and state courts. It is his goal to maximize efficiency for his clients by promptly analyzing their objectives, identifying necessary strategies, and implementing an appropriate course of action. Pellitta provides a wide variety of litigation strategies and assistance for business clients in commercial matters, including contract review, insurance-related issues, and real property tax appeals. He has served as Second Vice President in the C. Willard Heckel Inn of Court, an organization designed for the continuing education of newly-admitted attorneys. Pellitta has also lectured at the National Institute of Trial Advocacy and on behalf of the New Jersey Attorney General’s Office in the area of trial practice.
Pellitta has served as Chairman of the Hunterdon County Chamber of Commerce and is currently Legal Counsel to the Chamber, aiding in contract review, lease and vendor agreements, and general legal advice. He also served as a member of the Board of Trustees and a Past President for Prevention Resources, an organization dedicated to promoting health and wellness and preventing substance abuse and violence in the community, and as Chair of the Board of Directors for the Raritan Valley Community College Foundation. Pellitta earned his J.D. from New York Law School and his B.A. from Rutgers University.