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Mar 31, 2013
A&B Represents McCordick Glove & Safety Inc.
Aird & Berlis LLP acted for a selling family group of a privately held entity for about $60mm, to a U.S. buyer with a comprehensive pre-sale tax plan. This successful mid-market mandate was won after an interview and competition. A&B implemented the tax plan, which required the sale of all the operating assets to a newly formed limited partnership, with a subsequent sale to the newly formed Canadian subsidiary of the U.S. buyer, as well as a capital reorganization. The A&B team was led by Martin Kovnats and included Peter Czegledy and Andrew Magnus (Corporate/Commercial), Francesco Gucciardo and Barbara Worndl (Tax), Norman Kahn (Real Estate) and Barbra Miller (Employment and Benefits).