Experienced Business Acquisition
Lawyer for Sales and Acquisitions
Buying, selling or merging a modular business is one of the most important and life-changing events in a company’s history. This is where a modular mergers and acquisitions attorney can help. Whether you are a modular manufacturer looking to sell or merge with another company, or an investor looking to buy a modular business, these deals are complicated and full of legal and financial complexities.
Modular business mergers and acquisitions require an in-depth understanding of corporate law, finance, tax implications, and industry-specific regulations. With nearly thirty years representing the modular industry, there is probably not another attorney in the country that has a better understanding of the intricacies of the modular Industry. You will not need to spend hours explaining how your industry works. Steve already knows. Steve will expertly guide your business through successful mergers, acquisitions and sales and make sure that your planned changes are carried out accurately, safely, and with the best possible financial results. Steve also ensures that your proprietary company information is protected
The High Stakes of Mergers and Acquisitions
The temptation of a fast deal or the wish to cut down on legal costs can sometimes cloud our judgment, leading us to overlook the often-lasting risks that come with insufficient due diligence, a lack of confidentiality or poorly crafted agreements. Relying too heavily on a commercial business broker who does not know the modular industry or internal teams, without the legal background of an experienced modular business mergers or acquisitions professional, can lead to financial losses and long-term liabilities for buyers and sellers.
Key risks without expert legal guidance include:
Sellers who fail to fully disclose all relevant information or make inaccurate representations in the sale agreement can face serious claims for breach of warranty or indemnification from the buyer after the deal closes. Buyers unclear on the terms of the agreement may end up paying more for a company than its worth or add additional costs to the startup of the company under new ownership.
The tax implications of an acquisition (e.g., asset purchase vs. stock purchase) are complex and can alter the net financial outcome for both buyer and seller. Without a knowledgeable business sales lawyer with a background and experience in the modular industry advising on the deal from a tax perspective, parties can incur substantial tax burdens. In fact, Steve has actually drafted and lobbied to pas modular tax law changes in many states to favor the modular industry. In other states, Steve has negotiated regulatory agreements on how modular construction is taxed.
Many modular businesses rely on third-party contracts for quality assurance programs, factory inspection, and plan review in multiple states that may or may not transfer from seller to buyer if not structured properly. Failing to obtain these approvals or overlooking necessary regulatory filings can jeopardize the entire transaction, render key agreements unenforceable post-closing and add unnecessary additional cost to the new owner.
Improperly transferring intellectual property rights or mishandling employee contracts, benefits, and non-compete agreements during a transition can lead to lawsuits, loss of key talent, operational disruptions and unnecessary costs.
The purchase agreement is the core of any business acquisition or sale. Unclear terms regarding asset/stock transfers, purchase price adjustments, representations and warranties, indemnities, earn-outs, and post-closing covenants can lead to costly disputes.
Inadequate due diligence means you could acquire not just assets, but also unforeseen problems or liabilities that severely impact profitability or threaten the business’s viability. This includes hidden liabilities, undisclosed litigation, regulatory non-compliance, unaddressed environmental issues, or contract restrictions within the business.
These risks emphasize the importance of working with a specialized business acquisition lawyer with knowledge of the residential and commercial modular industry, as an investment in your business’s success and security.
By partnering with Steve, you will be partnering with an experienced modular industry mergers and acquisitions lawyer who provides strategic foresight and guidance to help your business navigate its sales and acquisitions goals and objectives.
Secure Your Legacy With A Mergers and Acquisitions Attorney
Modular business mergers, sales and acquisitions are key moments that bring exciting opportunities in an ever changing industry. As you transition from your life’s work or look to grow your business, you need the right legal expertise. Steve offer the guidance and support you need to explore these important deals confidently.
Contact Steve today to discuss your business mergers, sales and acquisitions needs and create a secure pathway to your next chapter.