News: Press Release
Offit Kurman’s M&A Group Represents American Technology Services in Sale to Worldwide TechServices Holdings
April 4, 2019 | Fairfax, VA Following the completion of several successful transactions in March, the attorneys of Offit Kurman’s Mergers & Acquisitions Practice Group last week closed another deal for a client of the firm.
American Technology Services is an information technology company serving small and medium-sized businesses. ATS provides comprehensive IT support and strategy, including managed services and infrastructure support; compliance, privacy, and security solutions; cloud-based on on-premise IT operations; and more. Clients have ranged from associations and nonprofit organizations to financial institutions, government contractors, and professional services firms.
Originally launched as a service division of Wang Laboratories, Worldwide TechServices has grown into a leading IT service provider with a global footprint. WWTS coordinates thousands of active service technicians in over 180 countries via a 24/7 global command center, offering complete lifecycle management to many of the world’s largest organizations—including brands such as IBM, Sony, Canon, Dell, and Hewlett Packard. To date, WWTS has completed over 20 million work orders around the world.
The ATS transaction is one of many Offit Kurman’s M&A attorneys have been proud to close for clients over the past 18 months. According to Mr. Mercurio, the M&A market today offers rare opportunities for sellers and buyers alike. However, he does not expect favorable market conditions to last much longer. To learn more about current opportunities in M&A, see a recent recap of deals close.
ABOUT MIKE MERCURIO
Michael N. Mercurio is a leading attorney in the field of mergers and acquisitions (M&A). He serves as outside general counsel in buy-side and sell-side M&A, as well as in all business law and real estate law matters. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on every aspect 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. He is well versed in the various issues and challenges companies of all sizes and industries face in the business lifecycle including start-up, maturation, and end-stage considerations. Mr. Mercurio also specializes in ownership planning, helping business owners prepare and optimally transition their businesses to third parties, management or family. Additionally, he has significant experience representing clients in the government contracting arena, assisting them through growth and maturation issues as well as mergers and acquisition matters. Well-versed in government contracts and procurement law, Mr. Mercurio has brought value to many clients by working closely with them on various contractual and administrative issues arising from doing business with federal, state, and local governments.
Mr. Mercurio has designed, negotiated, and documented numerous corporate transactions and business combinations involving multimillion dollars of value for the acquisition (and disposition of) assets classes of all types as well as equity interests. He has worked with a wide variety of clients including companies focused on cybersecurity, intelligence, information technology, recycling and waste management, government contracting, health care, mortgage and financial services, franchising and restaurant and food services. Mr. Mercurio has repeatedly been listed in SmartCEO’s Best Lawyers, which recognizes the top business attorneys, based on a readers’ poll. In 2016, Mr. Mercurio was elected to the firm’s board of directors.
ABOUT OFFIT KURMAN
Offit Kurman is one of the fastest-growing, full-service law firms in the mid-Atlantic region. With over 185 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 along the I95 corridor in the Virginia, Washington, DC, Maryland, Delaware, Pennsylvania, New Jersey, and New York City regions. 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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