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Mergers & Acquisitions

  • Mar 31, 2021Town Hall: Merger and Acquisition Trends in Health Care

    The law firm of Norris McLaughlin, P.A., is pleased to co-host the free webinar, “Town Hall: Merger and Acquisition Trends in Health Care,” with Citi, and CohnReznick LLP. Moderated by Amine Lahlou, Senior Vice President of Citi, F. Peter Lehr, Health Care & Life Sciences Attorney at Law and a Member of the firm, will be joined by Craig Evans, Health Care Banker at Citi, and Cynthia Romano, Global Director of the Restructuring and Dispute Resolution Practice at CohnReznick, to speak on merger and acquisition (M&A) issues concerning the health care industry.

    Merger and Acquisition Trends in Health Care

    This webinar will cover:

    • Valuation, compensation models, and restrictive covenants
    • The influx of private equity into health care spaces, juxtaposed to the pulling back of banks and sponsors from health care-provided transactions
    • The pros and cons of M&A
    • The post-COVID climate relating to M&A, deal structures, and the buyers’/sellers’ market

    We strongly encourage you to submit questions in advance of the town hall to be sure we address your specific needs. Please submit your questions by 1:00 p.m., Thursday, April 22, 2021, via email to marketing@norris-law.com, including “TOWN HALL QUESTION” in the subject line.

    When: Thursday, April 29, 2021 

    12:00 p.m. – 1:00 p.m.

    Register for Norris McLaughlin, Attorneys at Law, Legal Events in New Jersey, New York, and Pennsylvania

    About the Health Care & Life Sciences Practice Group

    The health care and life sciences attorneys at Norris McLaughlin provide a variety of services to clients throughout the health care field, including highly specialized work in the regulatory areas governing the delivery of health care services under state and federal law. The health care and life sciences attorneys advise clients on compliance with these health care regulations in the negotiation and structuring of numerous transactions between and among providers, payors, and suppliers. In addition, we handle a broad range of health care law litigation including hearings and appeals related to professional misconduct and discipline, private and public insurance audits and refund requests, fraud and abuse, and disputes with other agencies overseeing the practice of medicine.

    Our health care clients include hospitals and their affiliated corporations, medical societies, hospital medical staffs, health care service providers including physicians, psychologists, podiatrists, dentists, nurses and social workers, nursing homes and other long-term care facilities, rehabilitation facilities, home care providers, medical device and pharmaceutical companies, retail pharmacies, health data analytics companies, laboratories, imaging centers, ambulatory surgery centers and other providers of health care services, insurance companies and practice management companies.

    Posted in: Events, F. Peter Lehr, Health Care & Life Sciences, Mergers & Acquisitions | Tags: , ,

  • Feb 01, 2021Norris McLaughlin and Lifetime Wealth Planning and Management LLC Close Acquisition Deal to Sell Assets

    The law firm of Norris McLaughlin, P.A., is pleased to announce that Lifetime Wealth Planning and Management LLC, a long-standing client of the firm, has closed an acquisition deal to transfer its ownership of their investment advisory practice to Wealthstream Advisors, Inc., a New York City independent boutique wealth management firm.

    About the Acquisition of Lifetime Wealth Planning and Management

    Lifetime Wealth Planning and Management, a fee-only, privately-held financial planning and SEC Registered Investment Advisory firm with offices in National Harbor, Maryland, helps clients discover their definition of a wealthy life and to grow their monetary wealth to achieve what is important to them. The firm offers comprehensive wealth management, such as financial planning, investment management, and ongoing financial advisory services, typically dealing with life transitions, retirement, loss, or an inheritance. The firm manages more than $112 million in assets.

    Wealthstream Advisors offers personalized, in-depth financial planning and unbiased, independent investment management services and advice. Through a uniquely-integrated, hands-on approach, they combine an academic perspective on investing with advanced financial planning to help clients make better decisions about their money. Since 1997, they have earned many accolades, including Certified Financial PlannerTM practitioner, Certified Public Accountant, Chartered Financial Analyst®, Personal Financial Specialist, among others.

    For Wealthstream Advisors, with offices currently in New York City, New York, the goal of the acquisition was to further the firm’s presence in the Northern Virginia and D.C. Metro area. Over the last four years, Wealthstream Advisors has strategically acquired three firms, increasing its assets by 160%. With this acquisition of Lifetime Wealth Planning and Management, Wealthstream Advisors achieves $967 million in assets. The financial terms of the deal remain confidential. For more information, please click here.

    About the Norris McLaughlin Mergers & Acquisitions Practice Group

    The Norris McLaughlin mergers and acquisitions attorneys have structured, negotiated, and closed numerous U.S. and international transactions ranging from small-scale to complex multi-million-dollar deals. The firm’s attorneys have vast experience in all aspects of such corporate transactions, including asset and stock sales, statutory mergers, tax-structured transactions, corporate reorganizations, tender offers, leveraged buyouts, LLC and limited partnership interest exchanges, financing arrangements, due diligence investigation, governmental approvals and clearances, and international transactions.

    Our dedicated business law attorneys can also assist with the analysis of tax, securities, labor, employee benefits, antitrust, real estate, intellectual property, environmental, and other legal issues related to mergers and acquisitions. More than 30 business law attorneys spend all or most of their time in a variety of disciplines within the field of business law. As a result, we have enough diversity of talent and bench strength to form teams of cross-functional attorneys, striving to create the right blend of general competence and expertise that are best situated to address our clients’ needs promptly, efficiently, and creatively.

    As experienced advisors, our attorneys ensure that each client has the proper structure in place to guide them on what they can expect and what investors will expect, prior to a client meeting with any potential investor. We take a unique approach in the early stage of company relationships, in that each client can expect a single partner to be responsible and accountable for that relationship. Recognized by clients as their trusted advisors and virtual business partners, our attorneys deliver efficient and practical legal counsel, supporting each client’s needs with an eye on their bottom line and what’s best for their future.

    Posted in: Business Law, Mergers & Acquisitions, News | Tags: ,

  • Jan 05, 2021Norris McLaughlin Assists Mamoun’s Falafel in Acquisition Deal to Add Three More New Jersey Locations

    The law firm of Norris McLaughlin, P.A., is pleased to announce that Mamoun’s Falafel, a family-owned and operated restaurant chain, has closed a deal to acquire three new locations in New Jersey from a franchisee.

    “As a long-time client of ours, we were happy to help Mamoun’s successfully acquire these sites to help them grow. We know that the current pandemic has hit a lot of restaurants, so to be able to exceed expectations is both exciting and humbling,” said James H. Laskey, a Member of the firm who was the main working attorney and lead counsel on this deal.

    About Mamoun’s New Jersey Restaurant Franchise Acquisition

    Norris McLaughlin represented Mamoun’s Falafel in its acquisition of three locations in East Rutherford, New Brunswick, and Paramus, New Jersey, previously operated by a franchisee. After about two-and-a-half months, the transaction closed on December 16, 2020. The terms are private.

    “My brothers and I are very excited about the purchase of the New Brunswick, East Rutherford, and Paramus Mamoun’s locations. Our commitment to serving quality middle eastern food and excellent guest service has been part of the brand’s DNA since my father started Mamoun’s in 1971. We are thrilled to elevate the experience for guests in all of these restaurants,” said Hussam Chater, CEO of Mamoun’s Falafel.

    Other Mamoun’s corporately-owned locations include Princeton and Hoboken in New Jersey, as well as two in New York City, which includes the original location on MacDougal Street established by Mamoun himself in 1971. They have an affiliate location in Connecticut and franchise locations in Philadelphia and Atlanta. Mamoun’s has served high-quality, authentic Middle Eastern food since 1971, making it the oldest falafel restaurant in New York and one of the first Middle Eastern establishments in the United States.

    About Norris McLaughlin’s Mergers & Acquisitions Practice Group

    The Norris McLaughlin mergers and acquisitions attorneys have structured, negotiated, and closed numerous U.S. and international transactions ranging from small-scale to complex multi-million-dollar deals. The firm’s attorneys have vast experience in all aspects of such corporate transactions, including asset and stock sales, statutory mergers, tax-structured transactions, corporate reorganizations, tender offers, leveraged buyouts, LLC and limited partnership interest exchanges, financing arrangements, due diligence investigation, governmental approvals and clearances, and international transactions.

    Our dedicated business law attorneys can also assist with the analyses of tax, securities, labor, employee benefits, antitrust, real estate, intellectual property, environmental, and other legal issues related to mergers and acquisitions. More than 30 business law attorneys spend all or most of their time in several disciplines within the field of business law. As a result, we have enough diversity of talent and bench strength to form teams of cross-functional attorneys, striving to create the right blend of general competence and expertise that are best situated to address our clients’ needs promptly, efficiently, and creatively.

    As experienced advisors, our attorneys ensure that each client has the proper structure in place to guide them on what they can expect and what investors will expect before a client meeting with any potential investor. We take a unique approach in the early stage of company relationships, in that each client can expect a single partner to be responsible and accountable for that relationship. Recognized by clients as their trusted advisors and virtual business partners, our attorneys deliver efficient and practical legal counsel, supporting each client’s needs with an eye on their bottom line and what’s best for their future.

    Posted in: Business Law, James H. Laskey, Mergers & Acquisitions, News | Tags: , ,

  • Dec 07, 2020Norris McLaughlin and 10-15 Associates, Inc., Close Deal to Sell Assets of Investment Advisory Practice

    The law firm of Norris McLaughlin, P.A., is pleased to announce that 10-15 Associates, Inc., a long-standing client of the firm, has closed a deal to transfer its ownership of their investment advisory practice to Wealth Enhancement Group, an independent wealth management firm that oversees $20.3 billion in client assets.

    “It has been rewarding to be outside counsel for this company helping them through the years on routine issues that come up here and there for active, successful businesses. We were happy to be able to give this client an exit and a way for them to capitalize on the asset they built over their careers, while also protecting their employees and the next generation of their family who was involved in the business,” said David S. Blatteis, a Member of the firm who assisted in this matter. “Noteworthy about this transaction is that it is a sign of the times for the financial services industry – buyers like Wealth Enhancement Group are acquiring firms owned by the baby boomer generation and later generations.”

    About the Acquisition of 10-15 Associates, Inc.

    10-15 Associates, an independent registered investment adviser with offices in Goshen, Fishkill, and Tarrytown, New York, helps clients achieve their goals, protect and grow their assets, solve complex financial challenges, and retire with confidence. They offer strategic retirement, tax, and wealth management planning for individuals, and provide employers and businesses with 401(k) management for plan participants, educational resources, and advisory services. Since its founding in 1986, 10-15 Associates has grown to 16 employees, including seven financial advisors, and approximately $923 million in total client assets as of July 31, 2020.

    Wealth Enhancement Group, also a registered investment adviser, offers a three-step process of organizing, collaborating, and guiding clients through financial planning, retirement income planning, tax strategies, investment management, estate planning, and insurance. Since 1997, they have spread nationwide, with approximately $20.3 billion in client brokerage and advisory assets as of August 21, 2020. Along with the recent acquisition of CJM Wealth Management in Deer Park, New York, acquiring 10-15 Associates will allow the Wealth Enhancement Group to assist clients at six offices throughout the state, further shoring up their presence in the broader tri-state area.

    “We want to thank Oren and his team for all of their help in getting the transaction done,” said Debbie DeMatteo, Owner/CEO of 10-15 Associates. “We thought often over the last several months that we could never have anticipated having something like this for him to represent us on. He made the process much easier to get through than it would otherwise have been.”

    The deal, which closed on November 1, was one of a few 10-15 Associates considered, but having the opportunity to remain with the newly combined firm and participate in the combination as they continue to grow and realize more success helped make the choice an easy one. The financial terms of the deal remain confidential. For more information, please click here.

    About the Norris McLaughlin Mergers & Acquisitions Practice Group

    The Norris McLaughlin mergers and acquisitions attorneys have structured, negotiated, and closed numerous U.S. and international transactions ranging from small-scale to complex multi-million-dollar deals. The firm’s attorneys have vast experience in all aspects of such corporate transactions, including asset and stock sales, statutory mergers, tax-structured transactions, corporate reorganizations, tender offers, leveraged buyouts, LLC and limited partnership interest exchanges, financing arrangements, due diligence investigation, governmental approvals and clearances, and international transactions.

    Our dedicated business law attorneys can also assist with the analysis of tax, securities, labor, employee benefits, antitrust, real estate, intellectual property, environmental, and other legal issues related to mergers and acquisitions. More than 30 business law attorneys spend all or most of their time in a variety of disciplines within the field of business law. As a result, we have enough diversity of talent and bench strength to form teams of cross-functional attorneys, striving to create the right blend of general competence and expertise that are best situated to address our clients’ needs promptly, efficiently, and creatively.

    As experienced advisors, our attorneys ensure that each client has the proper structure in place to guide them on what they can expect and what investors will expect, prior to a client meeting with any potential investor. We take a unique approach in the early stage of company relationships, in that each client can expect a single partner to be responsible and accountable for that relationship. Recognized by clients as their trusted advisors and virtual business partners, our attorneys deliver efficient and practical legal counsel, supporting each client’s needs with an eye on their bottom line and what’s best for their future.

    Posted in: Business Law, David S. Blatteis, Mergers & Acquisitions, News | Tags: , , ,

  • Oct 22, 2019Norris McLaughlin Named in Lehigh Valley Business 2019 Reader Rankings

    The law firm of Norris McLaughlin, P.A., is proud to have been ranked in the 2019 Lehigh Valley Business “Reader Rankings” for Best Business Law Firm, Mergers and Acquisitions, and Intellectual Property Firm.

    About the Rankings

    The 2019 Reader Rankings Awards, based on over 24,000 votes, were announced on October 2 at ArtsQuest at SteelStacks in Bethlehem.

    “We are proud to once again have the honor to be ranked by our clients and friends in the Lehigh Valley. These awards are a perfect example of how great our employees and clients are, whom we value very much,” said John N. Vanarthos, Chairman of the firm.

    About Norris McLaughlin

    At Norris McLaughlin, over thirty business law attorneys spend all or most of their time in a variety of specialties within their field. The range of clients is broad, as are the legal services that we provide to them.

    The firm’s mergers and acquisitions attorneys have structured, negotiated, and closed numerous U.S. and international transactions ranging from small-scale to complex multi-million-dollar deals. They have vast experience in all aspects of corporate transactions.

    The intellectual property attorneys at Norris McLaughlin are dedicated to providing sophisticated intellectual property counsel to domestic and international clients. Registered to practice before the U.S. Patent and Trademark Office, they have backgrounds in a broad range of engineering and sciences, including petrochemical, chemical, biochemical, biotechnology, electrical, mechanical, medical devices, and computer software and hardware. Many have worked in the field for 10 or more years, allowing them to provide all the expertise of an IP boutique within a large, full-service firm.

    In response to the changing needs of our clients and the business community, Norris McLaughlin merged with Tallman, Hudders & Sorrentino, the largest independent commercial firm in the Lehigh Valley, Pennsylvania. Since then, the firm has continued to grow, remembering its culture and our values. Norris McLaughlin and its attorneys have historically been committed to the Lehigh Valley community,where may attorneys, clients, and staff live and do business  – to make them better places to live, work, and play. The firm’s attorneys hold prominent leadership positions in various organizations throughout the Lehigh Valley and many have been honored for the work they do in the community.

    Norris McLaughlin is a full service, mid-sized regional law firm of 130+ attorneys with offices located in Bridgewater and Montclair, NJ; New York, NY; and Allentown and Easton, PA. For more information, including a full practice area listing and attorney biographies, please visit www.norrismclaughlin.com.

    Posted in: Business Law, Intellectual Property, Mergers & Acquisitions, News | Tags: , ,

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