Yermash Interviewed by Law360 on CMM’s Cannabis Law Practice

Posted: June 29th, 2021

Tags:

Arthur Yermash, Partner and Chair of CMM’s Cannabis Law Group, was interviewed for the launch of the firm’s practice area in Law360’s “Campolo Middleton Launches Cannabis Practice in New York.”

By Sarah Jarvis, Law360

New York law firm Campolo Middleton & McCormick LLP has announced the launch of a cannabis practice group, in the wake of Gov. Andrew Cuomo signing into law a legalization and taxation bill earlier this year.

Campolo Middleton partner Arthur Yermash, who will head up the new practice, told Law360 it was launched officially in June, though the firm had already been advising clients on cannabis-related issues for months. The group will provide guidance for cannabis businesses, entrepreneurs and service providers using the firm’s experience in various areas, including corporate, mergers and acquisitions, and labor and employment, the firm said in its announcement.

Yermash said the goal for the group is to serve the community, which he said is already showing an interest in getting into the industry. He hopes to position the practice group as a one-stop shop for anyone looking to get into the business, covering corporate issues and regulatory services.

“There are still a lot of unknowns, and we hope to be able to grow with this industry and the folks that want to be in the cannabis space,” he said, whether that’s in retail, farming or other areas.

Yermash said the team consists of four to five people, and will look to expand in the future. He said he expects cannabis to be a “tremendous industry” in New York, noting that even in its infancy, there has been an interest in shifting toward cannabis by farmers and retailers. He anticipates that interest growing exponentially over time.

Yermash said the group is focusing on regulatory and compliance issues as the industry is developing, including helping clients understand their responsibilities and navigate barriers to entering the industry.

Campolo Middleton, which has offices across Long Island, said in its announcement that its legal team is prepared to counsel clients on entity formation, regulatory compliance, licensing, commercial leasing, zoning and real estate matters. Yermash, who has spent years advising on retail, wholesale and pharmaceutical issues, said in the firm’s announcement that the team was able to hit the ground running once New York’s legalization legislation was passed.

Learn more about our Cannabis Law practice group here.

HIA-LI Press Release Highlights Campolo’s Whitepaper on LI-IPH Progress

Posted: June 28th, 2021

HIA-LI, one of Long Island’s largest business associations, has issued a whitepaper presenting a progress report on an April 2019 “opportunity analysis” that had set forth a multi-faceted strategy for maximizing the economic potential of the 1,400-acre Long Island Innovation Park at Hauppauge, formerly known as Hauppauge Industrial Park.

The whitepaper was written for HIA-LI by Joe Campolo, Lauren Kanter-Lawrence, and Ilona Kaydanov of Ronkonkoma-based Campolo, Middleton & McCormick, LLP.

As the largest business park in the Northeast, the approximately 1,400 companies in the Long Island Innovation Park employ 55,000 people with an annual output of $13 billion.

The 2019 opportunity analysis – prepared by James Lima Planning + Development and the Regional Plan Association and funded by the Suffolk County Industrial Development Agency (IDA) – documented the park’s status as “the center of Long Island’s current and future economy.”

The study spelled out five economic development strategies for park expansion: facilitate business growth; attract and retain skilled workers; strengthen workforce development; promote innovation and technology transfer; and connect businesses, governments and institutions.

The HIA-LI whitepaper, titled “Long Island Innovation Park at Hauppauge: Securing Long Island’s Future,” highlights the Town of Smithtown’s August 2020 zoning change to permit developers to apply for a special exception on 13 parcels in the Park for mixed-use buildings that incorporate ground-floor retail or restaurants with upstairs apartments and offices. The whitepaper noted that the Town’s policy decision had been the result of “a fully transparent three-and-a-half-year analysis.”

The report anticipates that the amended zoning stood to generate construction of 1,000 new housing units. These units would, in turn, create more than 2,900 construction jobs with $180.7 million in construction earnings and $472.6 million in construction spending.

In the context of the 2019 opportunity analysis, the zoning change would help achieve at least two of the five growth strategies for the park: the facilitation of business growth and the attraction and retention of a skilled workforce.

The whitepaper, however, singled out two obstacles to park growth: a Hauppauge Union Free School District lawsuit opposing the Town zoning change, and the inadequacy of present wastewater management systems to accommodate the anticipated expansion.

Rebutting the school district’s lawsuit, the HIA-LI document presents a detailed statistical refutation of the contention that the newly permitted building conversions would burden the local school system.

In respect to wastewater management, the whitepaper notes that the size and design of the present-day collection systems, treatment plant, and leaching beds would have to be expanded to handle the expanded output that would be generated by park expansion. The HIA-LI report notes that the Suffolk County Health and Public Works Departments contracted with Melville-based H2M architects + engineers to propose cost-efficient, ameliorative steps that would align wastewater management capacity with future wastewater output.

A key focus of the 2019 opportunity analysis was the pre-eminent value of tradable industries, which are specific business sectors that bring net, new dollars into a region. The report found that on Long Island as a whole, tradable industries comprise only 23 percent of Nassau and Suffolk’s economy, compared to a national average of 36 percent. However, the analysis revealed that 58 percent of the jobs in the Innovation Park were in tradable industries.

“This whitepaper underscores the leadership of the Town of Smithtown in undertaking visionary policy changes that would deliver enormous economic development payoffs for the Innovation Park and for Long Island as a whole,” said HIA-LI President and CEO Terri Alessi-Miceli. “HIA-LI is especially appreciative of the efforts of Town Supervisor Ed Wehrheim in advancing job creation and business growth at the park.”

“Business leaders and government leaders alike need to implement well-informed strategies capable of carrying Long Island’s innovative economy to new heights,” said Richard Humann, PE, President and CEO of H2M architects + engineers and Chairperson of the HIA-LI board. “Both Suffolk County and the Town of Smithtown have proven to be reliable partners in maximizing the potential of the Long Island Innovation Park at Hauppauge.”

“With its high proportion of tradable businesses, the Long Island Innovation Park at Hauppauge is the indisputable linchpin of the Long Island economy,” said Joe Campolo, Chair of HIA-LI’s Long Island Innovation Park at Hauppauge Committee and Managing Partner at Campolo, Middleton & McCormick, LLP. “It behooves business leaders, government entities, and regional institutions to promote the Park’s long-term success.”

“It’s essential for local government to understand the impact of policymaking on business growth and job creation,” said Ed Wehrheim, Supervisor of the Town of Smithtown. “The leaders and members of HIA-LI have consistently maintained a candid and constructive dialogue with the Town of Smithtown, and our dialogue helps ensure that we will reach our common goals for economic development.”

“The Long Island Innovation Park at Hauppauge is the largest economic engine in the region and leveraging all potential opportunities for its continued growth is crucial for our region’s success,” said Natalie Wright, Commissioner of Suffolk County’s Department of Economic Development and Planning and Chair of the Suffolk County IDA. “We have a longstanding history of supporting HIA-LI and its partners in elevating the profile of the Park as well as its businesses. We’re proud of the progress already made as highlighted in the report and look forward to the next chapter of progress for this hub of employment, tax generation and overall economic prosperity.”

CMM Launches Cannabis Law Practice

Posted: June 23rd, 2021

As the emerging cannabis market grows in New York State, Campolo, Middleton & McCormick, LLP – a premier law firm with offices across Long Island – is pleased to announce the launch of its Cannabis Law practice, headed by CMM Partner Arthur Yermash. The new Cannabis practice group provides critical guidance for cannabis businesses, entrepreneurs, and service providers by leveraging the firm’s experience in diverse areas of the law including corporate, M&A, and labor and employment. Yermash, a corporate lawyer who has spent years advising on retail, wholesale, and pharmaceutical issues, is uniquely positioned to help clients meet the challenges and opportunities that come with the new legislation legalizing recreational marijuana in New York State.

“CMM has been tracking cannabis-related issues for years, and as a result, we were able to hit the ground running once the new legislation was passed,” said Yermash. “We have assembled a multidisciplinary team of attorneys that can advise clients on a range of issues related to this expanding industry.”

Adding another dimension to CMM’s services as a Forbes-recognized Top Corporate Law Firm in America, the Cannabis practice group focuses on providing clients with the most up-to-date guidance of the rules and regulations surrounding the growing cannabis market in New York. While the cannabis industry is a highly complex and cutting-edge area of the law, CMM’s legal team is well qualified to counsel clients on a variety of cannabis law matters. The firm offers entity formation advice for cannabis businesses, as well as guidance on regulatory compliance and licensing, commercial leasing matters, zoning disputes, and real estate transactions. The firm also has significant experience in private financing as well as M&A transactions.

Learn more about CMM’s Cannabis Law Group or call (631) 738-9100.

CMM Releases Whitepaper on Economic Development in the LI-IPH

Posted: June 17th, 2021

Over the past five years, CMM Managing Partner Joe Campolo, Chairman of HIA-LI’s Long Island Innovation Park at Hauppauge (LI-IPH) Task Force, has successfully spearheaded efforts to quantify the economic impact of the LI-IPH and attract critical investment in the Park. Recognizing that the Park is the anchor of Long Island’s tradable economy, Campolo has led the way in creating bipartisan and public-private partnerships to move this critical economic development project forward. Joined by CMM Director of Communications Lauren Kanter-Lawrence and Communications Coordinator Ilona Kaydanov, Campolo released a whitepaper earlier this month focusing on the economic impact of the Park on Long Island and addressing the challenges that lie ahead.  Below, read Campolo’s recent article in the HIA-LI Reporter discussing this work and new directions for the Task Force.

LI-IPH Spotlight: Expanding Our Reach and Getting Things Done

The phrase “we’re all in this together” has become a cliché throughout the pandemic, popping up everywhere from national commercials to your dry cleaner’s storefront. But to me, nowhere has this sentiment been more true than to describe the incredible success of the Long Island Innovation Park at Hauppauge (LI-IPH) Task Force, which I am privileged to chair. The collective efforts – public/private and bipartisan – of our diverse Task Force membership exemplify how Long Island gets things done.

WHITEPAPER: Recognizing the critical importance of the LI-IPH’s success – and the role that housing plays in attracting highly educated professionals to work there – the Town of Smithtown amended their zoning code in August 2020. The change permits developers to apply for a special exception on 13 parcels in the Park for mixed-use buildings that incorporate ground-floor retail or restaurants with upstairs apartments and offices. However, the Hauppauge School District has commenced an Article 78 proceeding challenging the zoning change, and other critics oppose the change based on wastewater concerns.

To combat misinformation, address concerns, and make the case for why we have no choice but to ensure the Park’s success, the Task Force rolled up its sleeves to create a detailed whitepaper, “Long Island Innovation Park at Hauppauge: Securing Long Island’s Future.” The whitepaper is the culmination of significant research, studies, input from stakeholders, and efforts to quantify the tremendous economic impact of the Park, and I am confident that this work will help garner the support that is so critical to the Park’s success.

GROWING THE TASK FORCE: We are, in fact, all in this together – so as Long Island’s premier business advocacy group, the HIA-LI is expanding the Task Force (and our collective efforts) to promote economic development initiatives of all shapes and sizes.

  • The LI-IPH Task Force will continue advocating for the Park and attracting the investment and development needed to ensure Long Island’s future economic success.
  • MacArthur Airport will become a major focus as we work with the Town of Islip to attract new carriers and take advantage of pent-up demand from travelers.
  • We will unpack the gem that is the Town of Islip Foreign Trade Zone, which offers an ideal environment for companies engaged in global trade.
  • Innovation is thriving at Brookhaven National Lab, where the Electron-Ion Collider is being built to look inside the atomic nucleus. The EIC will facilitate the study of the strong nuclear force – and what scientists learn could power the technologies of tomorrow.

As we emerge from the pandemic, the HIA-LI is not looking to resume the status quo. Our resolve to push boundaries and make things happen on Long Island is stronger than ever.

Campolo Joins Long Island MacArthur Airport Advisory Board

Posted: June 16th, 2021

Joe Campolo, Managing Partner of Campolo, Middleton & McCormick, LLP and recognized business leader, has joined the Long Island MacArthur Airport Advisory Board at the invitation of Town of Islip Supervisor Angie Carpenter. Designated an Official Metro Airport by the FAA, MacArthur is one of the top 110 airports in the country and is a critical component of the Ronkonkoma Hub project as well as the greater Long Island economy.

Campolo is Managing Partner of Campolo, Middleton & McCormick, LLP, a premier law firm recently recognized by Forbes as a Top Corporate Law Firm in America. The firm’s headquarters sits at the entrance to MacArthur Airport, giving Campolo a unique perspective on the airport’s opportunities and challenges.

In addition to running his own business and advising the who’s-who of Long Island about theirs, Campolo has kept an unyielding focus on growing the economy and investing in the community. His insight and no-fear attitude have led to some of the most significant economic initiatives on Long Island today, including the renaming, reinvestment, and rezoning of the Long Island Innovation Park at Hauppauge (LI-IPH). This experience caught the attention of Supervisor Carpenter, with whom Campolo has worked on the HIA-LI’s LI-IPH Task Force.

“I’m delighted to have Joe on the Airport Advisory Board,” Supervisor Carpenter said. “His business sense, his experience moving economic development projects forward, and his focus on making our beloved Long Island as strong as it can be all make him a great asset.”

With travel opening up from its pandemic slowdown, Campolo is focused on seizing this opportunity to promote the airport for more business travel, as well as assisting the Town with their quest to bring in new carriers. “As we’ve learned from the important work we have been able to accomplish so far with the LI-IPH Task Force, a common element needed for robust economic development in a geographic area is access to transportation hubs,” said Campolo. “Long Island MacArthur Airport is a critical part of Long Island’s economy and ecosystem and I look forward to helping Supervisor Carpenter and the Town of Islip enhance the vitality of this asset.”

CMM Closes Sale of Medical Gas Company

Posted: May 26th, 2021

Tags:

Properly handling due diligence can be daunting no matter what the size and scope of an M&A deal, but many attorneys simply walk away when a deal involves highly technical industries with complex technology and a maze of regulations. Not so with Campolo, Middleton & McCormick’s M&A team, which recently closed a deal for a long-time client specializing in the medical gas industry.

Over several decades, our clients had built their company into a leader in the highly specialized medical gas service industry. The company offers equipment sales as well as the testing and installation of medical gas systems with a staff of credentialed technicians. Allowing Long Islanders to breathe easier, the company ensures safety and quality of life-saving safety systems. The company was sold to a leading medical gas supplier that offers access to its products and services globally.

CMM’s team was led by Vincent Costa with invaluable support from paralegal Katharine Campolo. Having represented the seller over many years in various corporate matters, coupled with the team’s M&A experience, CMM was well suited to ensure a successful transaction. Protegrity Advisors, a Mergers and Acquisitions firm on Long Island, also advised the sellers on the deal.

Learn more about our Mergers & Acquisitions practice and call us at (631) 738-9100 for guidance on your next sale, purchase, or restructuring.

CMM Closes Multimillion-Dollar M&A Deal for Long Island Aerospace Business

Posted: May 17th, 2021

Tags:

Campolo, Middleton & McCormick’s M&A team continues its busy spring – closing another multimillion-dollar deal in a transaction that will keep business booming on Long Island.

The firm represented a multi-generation family-owned aerospace business in the sale of substantially all its business assets to a Connecticut-based private equity firm. Our client, the supplier of a diverse range of aerospace structural components and assemblies, flight safety assemblies, and flight critical parts, provides support to various private and military programs. These include the Lunar Space Program, Boeing’s 777 and 767 programs, as well as the U.S. Military’s V22 Osprey and CH-47 Chinook programs.

The family-owned business is located in the Long Island Innovation Park at Hauppauge (LI-IPH), which is recognized as the anchor of Long Island’s tradable economy, bringing critical new dollars into a region. In a display of long-lasting and continuous growth for Long Island, the deal includes the buyer’s commitment to keep the business in the Long Island community through the long-term lease of the client’s buildings located in the center of the LI-IPH.

While the deal faced several complications, CMM’s corporate team including Don Rassiger, Vincent Costa, and paralegal Katharine Campolo, were able to push through and close the transaction. As a champion for the Long Island business community, CMM takes pride in negotiating and closing complex transactions that secure long-term growth benefiting both our clients and Long Island as a whole.

Learn more about our Mergers & Acquisitions practice here and contact us for guidance on your next sale, purchase, or restructuring.

McCormick Elected Second Vice President of Suffolk County Bar Association

Posted: May 7th, 2021

Campolo, Middleton & McCormick is proud to announce that Senior Partner Patrick McCormick has been elected Second Vice President of the Suffolk County Bar Association. In this role with the SCBA Executive Committee, McCormick will play a critical part in helping the legal profession reinvent itself, expanding access to the court system, and working directly with businesses as they continue to navigate the pandemic.

This election is a significant professional milestone for McCormick, who has previously served as Secretary and Treasurer of the SCBA Board of Directors, as well as Dean of the Suffolk Academy of Law. McCormick will be sworn in at the SCBA Installation Dinner on June 3, 2021.

McCormick chairs the Appellate Practice group at CMM, having built a reputation as a strategic and talented appellate attorney over three decades in the field. Representing clients in civil and criminal matters in both federal and state court, McCormick has argued numerous appeals, including three arguments at the New York State Court of Appeals, the state’s highest court. He is also a respected trial attorney, litigating all types of complex commercial and real estate matters, and also represents national commercial shopping centers, retailers, and publicly traded home builders in commercial and residential landlord-tenant matters. McCormick has been recognized by his peers with the Martindale-Hubbell AV Preeminent® rating for ethical standards and legal ability, the highest possible rating from the most recognized legal directory and resource. 

McCormick will continue to advocate for legal education and access in his new role as Second Vice President. We are pleased to congratulate McCormick on this achievement that highlights his leadership in the legal community.

CMM Closes M&A and Real Estate Deal with National Franchise for Long Island Company

Posted: April 29th, 2021

Campolo Middleton and McCormick’s M&A team has closed yet another deal involving a national franchise, showcasing the firm’s extensive reach and capacity to handle complex transactions.

The deal involved an asset sale and a corresponding commercial real estate sale. Our client, an owner of two independent quick lube and oil change locations in Suffolk County, sold the businesses to a national franchise of retail oil change stores. In addition to selling the businesses, our client, with locations in Medford and Mastic, also sold the real estate in a multimillion-dollar deal.

Many challenges arose as the deal headed toward the finish line, but CMM’s team, led by Donald Rassiger, adeptly worked through the issues. With the support of Paralegal Katharine Campolo, the team persevered in closing the deal, which resulted in a thrilled and relieved client.

The deal highlights CMM’s ability to help clients close difficult matters in national transactions. Contact us today for guidance on your next sale, purchase, or buyout.