Every M&A deal presents its own challenges. CMM recently closed a multimillion dollar deal for a popular East End restaurant. The business and real estate upon which the restaurant operates were owned by two different corporations, and CMM restructured the corporations into LLCs, and worked with the shareholders in the transfer of the business and real estate into the new LLCs. This included the liquor license transfer, the assignment of the mortgage, and other business transfers. Thereafter, the Buyer, a private equity firm, purchased a portion of certain membership interests in both LLCs, and our client happily retained an ownership interest in both LLCs, while a retiring member was bought out entirely.
Despite these changes, the restaurant will continue to operate as usual, with our client remaining as a manager and continuing to run the business in the future. CMM will continue to play an active role. Stay tuned!
Campolo, Middleton & McCormick is proud to announce that Senior Partner Patrick McCormick has been elected and inducted as President-Elect of the Suffolk County Bar Association. As President-Elect, McCormick will continue to advocate for the legal community and represent the SCBA in the absence of the President.
This election is a noteworthy professional milestone for McCormick, who has previously served as 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 proven leader in the community, this election highlights McCormick’s long-standing dedication to the SCBA. McCormick was sworn in at the SCBA’s 115th Annual Installation Dinner at Cold Spring Country Club on June 9th.
McCormick chairs the Appellate Practice 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, LLP is celebrating Senior Partner Scott Middleton’s 10th anniversary of earning the AV Preeminent® rating from Martindale-Hubbell®. This rating is the highest possible rating for both ethical standards and legal ability from the most recognized and trusted legal directory and resource for 150 years. Ratings reflect the anonymous opinions of members of the bar and the judiciary, recognizing attorneys for both ethical standards and legal ability.
In a peer review, a judge reported, “He is a strong advocate, well prepared, and respected by the judiciary.” Another attorney wrote, “Scott is accountable, reliable and a terrific advocate. He is a credit to his profession.”
Middleton chairs the Municipal and Personal Injury practice groups at CMM. He handles all types of complex litigation including cases that have received local and national media coverage. Middleton also focuses on land use and zoning, for municipalities including the Villages of Poquott and North Haven. He has also held roles including Trustee, Mayor, Village Justice, and Attorney/Prosecutor.
Scott is a recognized supporter of the arts, particularly on the East End, serving as the President of the Board of Directors of East End Arts and supporting the Parrish Art Museum in addition to his membership on the Stony Brook University Intercollegiate Athletic Board.
Selling a business you’ve spent decades building is never easy, but having the right legal team in place makes a stressful time much easier to navigate.
CMM’s M&A team recently represented a client who had devoted nearly 40 years to its business of selling building cleaning supplies and sanitation products. To close the multimillion-dollar stock deal, we guided our client through a complex F-reorganization under the Internal Revenue Code. For companies in New York, this process, in short, involves forming additional companies and merging the existing corporation into a newly created LLC prior to closing.
Vincent J. Costa led the CMM team, which also included Zachary Mike and paralegal Cailey McByrne. Vinny and Zach skillfully managed the client’s concerns and deftly handled the major NYC firm representing the buyer. Cailey kept the deal on track and made all necessary filings with the Department of State, all while keeping the dozens of versions of transaction documents well organized and the open issues in the forefront. Our client was very happy with the outcome of the sale to the buyer, a specialized distributor with operations throughout the United States.
Good morning everyone. My name is Joe Campolo and I proudly serve as Chairman of the Board of Directors of HIA-LI. Now more than ever, I am thrilled to join you in celebrating the best and the brightest on Long Island. Almost 10 years ago, CMM learned that we were the recipients of the Rookie of the Year Award, and to this day, especially when faced with the nonstop challenges of 2020, that remains a proud moment for us and a source of inspiration to keep fighting no matter how difficult the circumstances. So to all of the finalists and recipients, I extend my most heartfelt congratulations.
This year has tested us, and continues to do so. Fortunately, I believe that leaders aren’t born – they are made by the times they exist in and how they rise to the occasion.
The richness of Long Island lies not only in our real estate and our school districts, but in our innovative businesses, restaurants, and hospitality. I have spent my entire career helping to build Long Island – and I am not willing to sit back and watch these businesses be destroyed without a fight. How do we do it? By being leaders.
Leading through this pandemic requires both an acceptance of reality and being adaptable to our ever-changing circumstances.
This March, like many of you, our team headed home with stacks of folders, remote login instructions, and no clue that our world had changed forever.
Personally, I felt like I had been hit in the head with a bat, and I wasn’t alone. The next few days were filled with panicked calls from clients and friends who simply had no idea what the future held, and how their businesses could survive. Within a few days, most people were either overtaken by panic (not sure what to do, so doing nothing), or in total denial (refusing to accept reality).
I was trained in the U.S. Marine Corps that no one is coming to help me. So I did the only thing that made sense to me: worked with my team to help cut through that static, and take action.
Among other things, that first week, we set up a coronavirus relief hotline open to all members of the business community, whether or not they were existing CMM clients, where we provided free advice to critical questions businesses were asking about their very survival. I know that this work helped many businesses stay open when they otherwise wouldn’t have.
We don’t know where this next chapter leads us, but we can all control our responses. We must be patient and focused, yet optimistic and zealous.
We must continue to endure the most stressful conditions we will likely face in our lifetimes. We must look at a macro level, accept, and adapt. We must help others along the way. We must find new ways to bring value to our new reality.
We must be leaders to survive – and the companies and businesses being recognized today have done just that. We should all take pride in their accomplishments, for their strength and resilience is a model for all of us to move forward. I am proud of the work that HIA-LI has done to help lead Long Island through this crisis and I am proud of all of you for your leadership and courage. Together we will remain Long Island Strong.
After 34 years in public office, former New York State Senator John Flanagan joined Northwell Health in June 2020 as Vice President of Regional Government Affairs for Northwell’s Eastern Region, covering Suffolk and eastern Nassau Counties. Join us for an inside look at how New York’s largest private employer and healthcare provider has risen to the challenges of the COVID pandemic. We’ll delve into Northwell’s unique role as a healthcare provider, educational institution, employer, research facility, and community partner during an unprecedented time.
After more than 10 years of dedicated service at Campolo, Middleton & McCormick, Patty Brunn has turned her passion for real estate into a successful new career. As a Licensed Real Estate Salesperson, Patty now works with residential buyers and sellers across Suffolk, Nassau, and Queens, helping clients sell their homes for top dollar or find their new dream homes.
CMM clients remember Patty as a knowledgeable, service-oriented paralegal. She joined CMM in 2008 as one of the firm’s first hires, starting in the litigation department and eventually working with the firm’s real estate team, where she found her passion. “Communicating with clients regularly and guiding them through the real estate process was always one of my pleasures,” Patty says. “I enjoy helping people, so getting them to the finish line as stress-free as possible always brought me joy.”
Patty spent several years in CMM’s Bridgehampton office, helping to build our presence and reputation on the East End. While working full-time, she studied for and received her Real Estate Salesperson license in January 2019, pursuing real estate on the side, but staying focused on her work at CMM.
While COVID-19 has caused unprecedented economic disruption and challenges, Patty – true to her nature – decided to view the pandemic as an opportunity. With the Long Island residential real estate market rapidly heating up as people look to relocate, Patty decided to focus on her real estate career full-time. She’s now affiliated with Nappa Realty in Massapequa, where she uses the customer service skills she honed at CMM to help her real estate clients maximize the value of their investments and start new chapters in their lives.
“Patty has always been a tremendously hard worker, a good listener, and client-oriented – all required traits for a successful real estate salesperson,” said CMM Managing Partner Joe Campolo. “My own family has already used Patty to sell a home and she did an amazing job. We miss her at the firm, but are extraordinarily proud of her, and will happily recommend her to our network.”
CMM is hosting a donation drive for to support Family Service League and their Project Toy initiative! Please join us in collecting donations for this worthy cause.
We are seeking donations of new, unwrapped toys for children (ages infant through teen). For ideas, take a look at their wish list on Amazon. Donations can be dropped off to our headquarters in Ronkonkoma. Donations are due by Monday, December 16.
Drop off your donations here: 4175 Veterans Memorial Highway, 4th Floor, Ronkonkoma, NY 11779 Questions? Call us at (631) 738-9100.
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