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CMM Represents Vicon Machinery Group in its Acquisition by Lindab International

Posted: March 18th, 2024

Campolo, Middleton & McCormick is delighted to announce that our client Vicon Machinery Group, the leading U.S. manufacturer of rectangular ventilation duct machinery, has been acquired by Lindab International, a publicly traded billion-dollar corporation.

Vicon is the industry leader in North America for the manufacture of HVAC ductwork machinery. Their office is headquartered in Bohemia, New York, with production facilities in Missouri and Pennsylvania. Vicon is comprised of four companies: Vicon Machinery, Plasma Automation, Walsh Atkinson Company, and Central States Machinery with approximately 20 distributors across the U.S.

Lindab is an international leader in the production of ventilation ducts. This acquisition will give Lindab more comprehensive access to the North American market, according to Lindab President and CEO Ola Ringdahl. This acquisition more than triples Lindab’s sales in the U.S. while doubling global sales of machines for duct production.

Lindab, listed on the Nasdaq Stockholm, Large Cap, under the ticker symbol LIAB, has over 5,000 employees in 20 countries and generates over $1.2 billion in revenue.

Vincent Costa led the deal team, which included CMM’s Marc Saracino and Zachary Mike.  Through the negotiations, CMM worked closely with multi-family office Strata Alliance; tax advisors Sasserath & Co.; M&A advisory firm Protegrity Advisors; and trusts and estates counsel DePinto Faldetta, LLP.

Congratulations to the all the Vicon companies and Lindab for the upcoming success of the business integration.

Campolo Moderates HIA-LI Economic Development in the Town of Islip

Posted: March 13th, 2024

Joe Campolo moderated the HIA-LI Economic Development in the Town of Islip panel on Wednesday, March 13, 2024. The event was held at Boulton Center for the Performing Arts with opening remarks by Frank Boulton, Owner of Boulton Center and Founder & CEO of L.I. Ducks. The panelists spoke about the latest happenings in the Town of Islip including exciting updates on MacArthur Airport, Station Yards in Ronkokoma, and Shoregate in Bay Shore. Panelists included Angie Carpenter, Supervisor of the Town of Islip; Shelley LaRose Arken, Commissioner of L.I. MacArthur Airport; James Coughlan, Co-Founder of Tritec Real Estate; and John Walser, Executive Director of Economic Development of the Town of Islip.

Campolo Recognized as an Influencer in Law

Posted: March 12th, 2024

We are pleased to share that Joe Campolo has been recognized as an Influencer in Law. Campolo is honored to be a part of this distinguished group that has helped strengthen Long Island’s business community.

Campolo has been getting things done in the business community for more than 25 years and is a recognized leader for tackling large projects and delivering results. From advising business owners and CEOs on M&A to running his own businesses, Campolo is immersed in finding creative solutions to complex problems. His deep, inner knowledge of the business world allows him to understand the perspective of business owners as they think about growing and selling their companies.

Campolo is also the Founder and CEO of Strata Alliance, a multi-family office with a network of carefully curated service providers, redefining the concept of assisting affluent and sudden wealth families. Strata Alliance is committed to investing capital in Long Island businesses and development projects. He takes a holistic approach to understanding all aspects of a client’s business, and his deep network of trusted advisors enables him to seamlessly provide critical services to high-net-worth clients.

As a top business strategist, Campolo is a go-to advisor for the who’s who of Long Island business, and he is a member of the prestigious Long Island Business Hall of Fame. Recognized as an authority on negotiation, Campolo enjoys an advantage in complex transactions and litigation and is routinely retained in “bet the company” legal matters by companies large and small.  

Campolo is also deeply involved in philanthropy, starting his own nonprofit, CMM Cares. Believing that bringing the business community together can make a difference, CMM Cares supports Long Islanders facing unexpected challenges. Campolo serves on the board of the Guide Dog Foundation and America’s VetDogs. He actively contributes to the HIA-LI as a board member and chairs the Economic Development Task Force, which identifies investment opportunities on Long Island. He also chairs HIA-LI’s Gold initiative for CEOs.

View the full Influencers in Law book here.

CMM Closes Sale of Pickleball Facility

Posted: February 14th, 2024

CMM recently closed the sale of an indoor pickleball facility, pro shop, and lounge, and the transaction moved as swiftly and efficiently as the ball on the court!

CMM Partner Donald Rassiger led the deal team, with support from corporate attorney Marc Saracino and paralegal Lyzzette Lopez-Marin.  Representing the seller, our team navigated various challenges, including a tight timeline from signing the letter of intent in late December to closing a month later.  

This transaction showcased CMM’s depth of knowledge in the M&A seller-side across a wide range of industries. Learn more about how CMM helps our clients receive the most value for their business.

CMM Closes Sale of Long Island Manufacturer to Private Equity Group

Posted: February 5th, 2024

Successfully completing the sale of a company can be challenging and emotional in any circumstance, and particularly so when the shareholders have been business partners for over four decades. CMM recently closed the multimillion-dollar sale of a Long Island-based manufacturing company that has supplied its products to other manufacturers and businesses across the globe since the early 1980s, helping the shareholders navigate a host of legal, business, and personal considerations.

The sale was to a private equity group with aligned business interests. As part of the deal, it was important to our client that the buyer retain the company’s 30-person strong workforce, including its Chief Operating Officer, who has worked her way up in the company for over a decade. The arrangement also included a lease back of the property where the business has operated for decades. CMM’s Christine Malafi negotiated the deal, with critical support from Marc Saracino and Zachary Mike. Several issues which arose after the deal was underway threatened the closing, but CMM pushed through the challenges and delays to bring the deal to closure. Alan Sasserath, Managing Partner of Sasserath and Co., was an integral part of the team with respect to deal structure and tax advice. 

The client was elated with CMM’s efforts, sharing that our team was “an absolute pleasure to work with.” We look forward to assisting the client over the next several years as they wind-down on business and learn to be landlords to the buyer. 

This transaction showcased CMM’s depth of knowledge in the M&A seller-side and manufacturing space. Learn more about how CMM helps our clients receive the most value for their business.

Malafi Named Chairperson of the Judicial Screening Committee of Suffolk County Bar Association

Posted: January 30th, 2024

Campolo, Middleton & McCormick, LLP is pleased to announce that Senior Partner Christine Malafi has been named Chairperson of the Judicial Screening Committee of the Suffolk County Bar Association. The Committee is tasked with investigating the background, experience, and other qualifications of candidates seeking to run for judicial office in Suffolk County to ensure that potential nominees are qualified to serve on the bench.

Malafi will chair the Committee this year in addition to her work chairing the Corporate department at CMM. Her practice focuses on mergers and acquisitions, corporate governance, and routine and complex transactions. She routinely represents buyers and sellers in multimillion-dollar transactions and serves in a general counsel role for many of the firm’s corporate clients. In addition to her legal work, Malafi serves on the Executive Board of Directors of Family Service League as the Vice-Chair of Governance & Nominating.

All members of the Judicial Screening Committee are appointed by the President of the SCBA, subject to the approval of the Board of Directors. Committee members are attorneys who have achieved distinction and experience in the practice of law. Malafi’s role on the Committee demonstrates her outstanding service to the public as well as her continued pledge to faithfully serve the Suffolk County legal community.

Campolo Moderates HIA-LI 46th Annual Meeting & Legislative Program

Posted: January 12th, 2024

Joe Campolo moderated a panel of elected officials at the HIA-LI‘s 46th Annual Meeting & Legislative Program, attended by over 350 members of the business community. Leading a discussion that included a wide range of topics such as manufacturing, economic development, transportation, and infrastructure, Joe engaged with panelists including New York State Lieutenant Governor Antonio Delgado, Suffolk County Executive Ed Romaine, Town of Smithtown Supervisor Ed Wehrheim, and the Director of Economic Development at the Town of Islip John Walser.

CMM Closes Sale of NYC Accounting Practice

Posted: January 8th, 2024

Selling an accounting practice can be a challenging and complex process, as a NYC-based accounting firm recently learned when they started the sale process. Once they retained CMM, Senior Partner Christine Malafi rigorously negotiated the deal, which involved the sale of our client’s business assets and set forth a process for transfer of clients, files, and employees to the purchasing practice.

Our client was motivated to finalize the sale by year-end, setting a demanding timeline for our legal team. CMM met the challenge head-on, managing the agreements for lease terms, the transfer of sensitive data, and transitioning the employees in a timely manner.

The client was thrilled with the deal and CMM’s dedication, sharing: “Thank you for all your hard work and for your persistence over the last few months. You accelerated the process substantially, were very insightful, and were a pleasure to work with!”

No matter how tight the deadline, CMM’s attorneys are up to the challenge. Learn more about how CMM helps our clients receive the most value for their business.

CMM’s Heavy Lifting Helps Close Sale of Rigging Business

Posted: December 5th, 2023

Cranes and rigging play pivotal roles in construction, manufacturing, and various industries that involve moving materials. CMM did the heavy lifting in this multimillion-dollar M&A deal for our client, the owners of a crane and rigging business located in the New York metro area.

CMM attorneys have unique experience in the crane and rigging M&A space, as this was another successful seller-side deal with the same buyer, a subsidiary of a large private equity firm looking to expand its operations by acquiring synergistic crane and rigging businesses along the East Coast. Our efforts to close the transaction involved addressing Department of Transportation issues, multi-property lease concerns, and navigating multi-jurisdictional requirements.

The deal team included CMM’s Vincent Costa, Marc Saracino, and Zachary Mike. This transaction showcased CMM’s depth of experience and ability to get deals done. For more information on our mergers and acquisitions services, please contact us.