Tax

Bottom Line Impact

CASES AND DEALS

  • Blank Rome Represents Breakthru Beverage Group, LLC in Merger with Allied Beverage Group LLC

    [Deal]
    September 2017
    Malcolm I. Ross, Patrick T. McCloskey, Megan C. Filoon, Courtney B. Schrenko, Mary Ann Knoeckel, Joseph T. Gulant, et al.
    Blank Rome successfully represented Breakthru Beverage Group, LLC in the merger of its wholly owned subsidiary, R&R Marketing LLC, with Allied Beverage Group LLC, New Jersey’s largest spirits and wine wholesaler. The transaction, which closed on August 31, 2017, will bring in total annual revenues of nearly $1.2 billion for the merged companies, and a 60-percent market share.
  • Blank Rome Attorney Paper Leads to IRS Revenue Procedure

    [Case]
    September 2016
    William Finestone and Dustin Lauermann
    On August 8, 2016, the Internal Revenue Service adopted the recommendation of Blank Rome LLP Partner William Finestone and Associate Dustin Lauermann, contained in their paper, "Charitable Remainder Trusts and The Probability of Exhaustion Test," when it issued Revenue Procedure 2016-42.
  • Blank Rome Represents rPlanet Earth in $21M NMTC Financing Transaction

    [Deal]
    June 14, 2016
    Michael I. Sanders, Ross E. Coe and Dustin Lauermann
    Blank Rome successfully represented rPlanet Earth, a newly formed Los Angeles manufacturing company, in the first of a series of new market tax credit financing transactions (valued at $21M) with Citi Bank as the investor.
  • Blank Rome Represents $40M Historic Rehabilitation Tax Credit Investment for Heinz

    [Deal]
    January 15, 2016
    Margaret Anne Hill and Michael Joseph Montalbano
    Blank Rome is pleased to announce the closing of the Heinz Service Building, a $40 million federal historic rehabilitation tax credit-advantaged investment, located in Pittsburgh, PA. The substantial rehabilitation of this historic landmark will be the largest development, thus far, for H.J. Heinz Company’s historic complex, converting the former Heinz Service and Auditorium Building into 151 market-rate, loft-style apartments.
  • Blank Rome Represents Broadview Development Co. in Complex Historic Tax Credit Real Estate Transaction

    [Deal]
    January 15, 2016
    Michael I. Sanders
    Blank Rome is pleased to announce that a tax credit team successfully represented Broadview Development Co., LLC, an Ohio-based real estate developer, on the closing of a $30 million complex historic tax credit real estate transaction that will convert a blighted, environmentally-wrecked community located 10 blocks from downtown Canton, OH, into a community development and urban renewal.
  • Levine Leichtman Capital Partners Acquires Hand and Stone Franchise Corp.

    [Deal]
    April 10, 2015
    Gary R. Goldenberg, Shaun Snitman, Patrick A. O'Reilly, Cory G. Jacobs, Jeffrey M. Rosenfeld, Samuel H. Becker, et al.
    Levine Leichtman Capital Partners, a Los Angeles-based private equity firm acquires Hand and Stone Franchise Corp.
  • NewSpring Acquires X5 Solutions

    [Deal]
    March 24, 2015
    Alan L. Zeiger, Molly Crane, Shlomo Troodler, Michael Kim, Cory G. Jacobs, David M. Kuchinos, et al.
    Blank Rome represented NewSpring Holdings and two senior executives in the acquisition of X5 Solutions, a Seattle-based telecom solutions provider whose platform will be used to greatly expand NewSpring’s nationwide presence in the telecom sector. The transaction closed on March 24, 2015.
  • York Wallcoverings, Inc., Sold to High Road Capital Partners

    [Deal]
    March 9, 2015
    Barry H. Genkin, Arthur Bachman, Lawrence S. Chane, Matthew J. Comisky, Scott F. Cooper, Joseph M. Doloboff, et al.
    Blank Rome represented York Wallcoverings, Inc., the largest wallcoverings company in the world, in its sale to a newly formed High Road Capital Partners controlled entity. The transaction closed on March 9, 2015.
  • Signature Group Holdings Acquires Aluminum Recycler for $525M

    [Deal]
    February 27, 2015
    Joseph M. Doloboff, Richard DiStefano, Joseph T. Gulant, Brad L. Shiffman and Jeffrey M. Rosenfeld
    Blank Rome acted as special tax counsel to Signature Group Holdings, Inc. in its acquisition of the Global Recycling and Specification Alloys ("GRSA") business of privately-held Aleris Corporation for $525 million.
  • Orkila Capital Invests in Recognition Media, LLC

    [Deal]
    February 13, 2015
    Joseph T. Gulant
    Orkila Capital in its approximately $7 million investment in Recognition Media, LLC.
  • Balford Farms Acquires Assets and Business of The Rosenberger’s Dairy Division

    [Deal]
    September 18, 2014
    Henry M. Kuller, Scott F. Cooper, Bradford C. Craig, Francis E. Dehel, Margaret Anne Hill, Cory G. Jacobs, et al.
    Balford Farms in the acquisition of the assets and business of the Rosenberger’s Dairy division, and a portion of the assets and business of the Crowley Foods division, of HP Hood LLC.
  • AccuWeather, Inc. Acquires Sky Motion, Inc. Stock

    [Deal]
    October 24, 2013
    Steven Dubow, Michael C. Greenbaum, Joseph T. Gulant and Jonathan R. King
    AccuWeather, Inc. acquires 100% of the stock of Sky Motion, Inc.
  • Sunoco Acquires 25 Convenience Stores From Lehigh Gas

    [Deal]
    January 2011
    Bruce A. Eisenberg, Matthew J. Comisky and Joseph T. Gulant
    Blank Rome represented Sunoco, Inc. in the acquisition of 25 convenience store sites in the state of New York from Lehigh Gas for the purchase price of nearly $25 million.
  • AmQuip Crane Rental Expands Its Operations

    [Deal]
    December 9, 2008
    Alan L. Zeiger and Pelayo Coll
    AmQuip Crane Rental LLC in its acquisition of the business and assets of Powell Equipment Company, one of Atlanta’s most established crane rental companies. The transaction resulted in the formation of the Powell AmQuip division which will expand operations of AmQuip’s Southeast region.
  • Jaguar SPAC Merges with China Cablecom

    [Deal]
    April 28, 2008
    Joseph T. Gulant and Richard DiStefano
    Jaguar Acquisition Company, a special purpose acquisition company, in its redomestication merger in the British Virgin Islands as China Cablecom Holdings and the concurrent business combination merger with China Cablecom Ltd.