Category: News on the Homepage

CMM has closed another successful M&A deal involving a complex F-reorganization. The deal team completed the sale in record time for our client, a business specializing in accounting and business solutions for nonprofit organizations.

The terms of the deal included the sale of the majority of the client’s stock to a private equity firm. The firm, in business since 2013, focuses on investment in and active expansion of small capitalization and middle market companies in partnership with management. Our client will remain on board with the company as part of the rollup.

An F-reorganization is a type of qualifying tax-free reorganization for corporations that changes the identity or form of a corporation. Private equity firms often take advantage of the F-reorganization as a means of acquiring an S corporation without engaging in a lengthy consents process while simultaneously gaining the tax benefits of a deemed asset sale.

The client appreciated CMM’s efforts, sharing that “It was a true pleasure working and learning from CMM, and I look forward to the next chapter.” CMM’s Vincent Costa led the deal.

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

Campolo, Middleton & McCormick is thrilled to announce that Senior Partner Patrick McCormick has been elected and will be inducted in June as President of the Suffolk County Bar Association for a one-year term. As President, McCormick will take leadership of the bar association, positioning him as one of the most prominent advocates in New York State for the legal community.

This election is the culmination of numerous professional milestones for McCormick, who has previously served as President-Elect, First and Second Vice President, Secretary, and Treasurer of the SCBA Board of Directors, as well as Dean of the Suffolk Academy of Law. A recognized leader in the community, this election highlights McCormick’s long-standing dedication to the SCBA, tremendous support from his colleagues across the legal profession, and his advocacy for the New York legal community. McCormick will be sworn in at the SCBA’s 116th Annual Installation Dinner at Flowerfield in St. James, New York on June 6, 2024.

McCormick chairs the Commercial Litigation and 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 courts, he has argued numerous appeals, including at the New York State Court of Appeals, the state’s highest court. McCormick is also a respected trial attorney, litigating all types of complex commercial and real estate matters. He 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. 

Campolo, Middleton & McCormick is proud to announce that Senior Associate Richard DeMaio has been elected as a member of the Board of Directors of the Suffolk County Bar Association. He will be sworn in by Hon. Helen Voutsinas, Associate Justice of the Appellate Division, Second Department, at the SCBA’s 116th Annual Installation Dinner on June 6, 2024.

DeMaio has been actively involved in the SCBA and has acted as an invaluable resource to the bar association’s educational arm, the Suffolk Academy of Law, over the years. In addition to his new role as a Director, DeMaio currently serves as Treasurer and an officer of the Academy of Law, on the Board of Managers for the Suffolk County Bar Association Charity Foundation, and as Chair of the SCBA Newly Admitted Attorneys Committee. Previously, he served as Co-Chair of the Membership Services & Activities Committee. 

DeMaio is a litigation attorney who focuses on contract issues, business disputes, environmental matters, and municipal matters in state and federal court. His municipal work includes Article 78 proceedings, zoning/land use matters, and defending municipalities. He also focuses on commercial landlord-tenant cases and a variety of appeals. Richard works extensively on researching and drafting motions and appellate briefs in state and federal court. He has argued and won several appeals pertaining to land use/zoning, commercial, and general litigation.

We are pleased to congratulate DeMaio on his new role which will increase his involvement in the legal community.

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 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. 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.

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. 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.

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.