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Joe Campolo interviewed Mike Narula, CEO of Orbic, at the HIA-LI Gold Event on Tuesday, June 18, 2024. Orbic is a leader in developing and manufacturing mobile solutions for smart value-tech consumers including mobile hotspots and laptops. Campolo began by highlighting Orbic’s significance to Long Island, emphasizing its role in bringing more tradeable sectors to the region. He noted how this would generate new capital, create additional jobs, introduce the latest technology, and attract fresh talent. Narula passionately recounted his journey in the wireless technology industry and outlined his ambitious goal of creating 1,000 job opportunities on Long Island. Narula also proudly presented Orbic’s eBike, the world’s first 5G enabled eBike equipped with AI object avoidance and collision detection technology.

When it comes to closing an M&A deal, CMM is always there to do the heavy lifting for our clients.

In this deal, CMM represented a crane and rigging company that has been in business for over 30 years in the sale of substantially all of its assets to a Tennessee-based consortium. The client received cash for the assets and rollover equity in the buyer’s vertical.

This is the third crane and rigging company that CMM has represented in M&A transactions in as many years.

Donald J. Rassiger led the deal team with tremendous support from Zachary Mike and paralegal Lyzzette Lopez-Marin. 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.

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 with support from Zachary Mike and Marc Saracino.

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.

Campolo, Middleton, & McCormick, LLP is proud to announce that CMM’s Marc Saracino has been recognized by Herald Community Newspapers as a 2024 Top Lawyer of Long Island in the Corporate category. Saracino will accept his award at the gala dinner on April 16 at The Heritage Club at Bethpage. The Top Lawyers ceremony celebrates attorneys who embody excellence in their area of legal practice and demonstrate outstanding community involvement.

Saracino focuses primarily on M&A transactions, private equity, and alternative investments. His practice also encompasses private placements, commercial leasing, employment issues, and a variety of general corporate transactions. Saracino also serves as General Counsel to Strata Alliance, a multi-family office with a network of carefully curated service providers, redefining the concept of assisting affluent and sudden wealth families, who are committed to investing capital in Long Island businesses and development projects. 

Saracino has experience negotiating corporate restructurings and drafting a range of corporate documents including purchase and credit agreements, subordination agreements, note purchase agreements, indentures, and legal opinions. Saracino has played an integral role in a variety of deals in which he represented lender syndicates and managed the negotiation of deal documents and review of due diligence. He also has experience in cross-border transactions, ensuring compliance under the Bank Secrecy Act/Anti-Money Laundering laws and Office of Foreign Assets Control regulations.