News: Press Release
A Record Year of M&A Activity at Offit Kurman
For Immediate Release
Tysons Corner, VA | December 19, 2018 For the attorneys of Offit Kurman’s Mergers & Acquisitions (M&A) Practice Group, 2018 will go down in history. This year the M&A team set a new record for the number of transactions successfully closed for clients.
What’s driven the explosion of business transactions in the Mid-Atlantic over the past 12 months? Offit Kurman attorney Michael N. Mercurio credits a strong economy, a large population of retiring business owners, and low costs for buyers in the mid-market. As a result of these factors, more and more companies are engaging in strategic regional acquisitions, giving sellers a once-in-a-lifetime opportunity to truly maximize the value of their businesses.
As with all opportunities, however, the current M&A market cannot last forever. Mr. Mercurio believes those looking to buy or sell a business need to act as soon as possible.
“It has been a banner year for our M&A group, particularly in the healthcare space,” he says. “We’re seeing consolidations at a rapid rate thanks to a strong U.S. economy and fewer barriers for buyers and sellers alike, but the window is closing soon. I’ve said it before, and will probably say it again: consider selling now if you can, because this market won’t last long.”
Take a look at a few of the deals Mr. Mercurio and the rest of Offit Kurman’s M&A attorneys have recently helped their clients close:
South Florida Pain & Rehabilitation Sells to Trive Capital Management
Attorney Michael A. Petrizzo joined Messrs. Mercurio and Daniel Hofherr in representing South Florida Pain & Rehabilitation, PA in its sale to Trive Capital Management, LLC earlier this month. South Florida Pain & Rehabilitation has provided outpatient medical services for South Florida residents since 2001, with a focus on those who have suffered personal injuries. Trive Capital, a Texas-based private equity firm, was drawn to the deal upon seeing significant potential in South Florida Pain & Rehabilitation unique marketplace and business model. Read more.
Alliance Physical Therapy Acquires Quality Chiropractic and Rehab
Mr. Mercurio and his colleague Daniel Hofherr represented Alliance Physical Therapy, LLC in its acquisition of Quality Chiropractic and Rehab, Inc. With more than a dozen locations throughout the region, Alliance Physical Therapy is a leading provider of physical therapy and rehabilitation services in Northern Virginia and the D.C. metropolitan area, and Richmond, Virginia. The transaction closed on November 2nd. Read more.
Priddy’s Chimney Buys Priddy Clean Chimney Sweeps
Days before the closure of the Alliance Physical Therapy deal, Messrs. Mercurio and Hofherr assisted buyers Seth Balsam and Kimberly Brooks (DBA Priddy’s Chimney, LLC) in their purchase of Priddy Clean Chimney Sweeps, Inc. The company has served residential and commercial customers in Maryland, D.C., and the Virginia metropolitan area for nearly three decades. Mr. Balsam and Ms. Brooks purchased the company from its president, Jerry Priddy. Read more.
Beltway Veterinary Cardiology Engages in Multimillion-Dollar Asset Sale to Roll-up Acquirer
Led by attorney C. Thomas Hicks III, Offit Kurman’s M&A Practice Group represented Beltway Veterinary Cardiology, Inc. (BVC), in a complex, multimillion-dollar asset sale in October. The company was purchased by two parties: National Veterinary Associates, Inc. (NVA), and a confidential buyer. NVA is the largest private owner of freestanding veterinary hospitals in the United States. The company has achieved a sustainable pattern of growth through an M&A strategy based on “roll-up” mergers, in which a buyer expands operations by purchasing and combining multiple, similar businesses. Read more.
If you are considering selling or buying a business, the experienced M&A advisors at Offit Kurman are ready to help. More news and information about Offit Kurman’s M&A Practice Group can be found here. To contact Mr. Mercurio, email email@example.com or call 301.575.0332.
ABOUT MIKE MERCURIO
Mr. Mercurio is a Principal and the Chair of the Firm’s Business Law and Transactions Practice Group. He serves as outside general counsel to clients on matters related to corporate and business law, commercial transactions, government contracting, healthcare, construction services, and real estate. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on all aspects of business and commerce including formation and structure; ownership, management, and control; financing and capital; expansion and acquisition; sale and transfer; and contraction and dissolution.
ABOUT OFFIT KURMAN
Offit Kurman is one of the fastest-growing, full-service law firms in the Mid-Atlantic region. With over 180 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our twelve offices serve individual and corporate clients in the Maryland, Delaware, New Jersey, and Northern Virginia markets, as well as the Washington DC, Baltimore, Philadelphia, and New York City metropolitan areas. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.
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