Honigman LLP

Honigman Announces Corey Levin as New Partner in Real Estate Department

Retrieved on: 
Wednesday, March 6, 2024

DETROIT, March 6, 2024 /PRNewswire/ -- Honigman LLP announced today that Corey Levin has joined its Real Estate Department as a partner in the firm's Real Estate Services Practice Group.

Key Points: 
  • DETROIT, March 6, 2024 /PRNewswire/ -- Honigman LLP announced today that Corey Levin has joined its Real Estate Department as a partner in the firm's Real Estate Services Practice Group.
  • Levin focuses his practice on economic and real estate development incentives, business incentives and credits, and sustainability/clean energy tax credits.
  • "We are thrilled to welcome Corey as a partner to our firm," said Richard Barr, co-leader of Honigman's Economic Development Incentives Practice.
  • Levin joins Honigman from Ernst & Young, LLP, where he was part of the Global Location Investment, Credits & Incentives advisory practice.

Honigman Announces David J. Axelson as New Partner in Corporate Department

Retrieved on: 
Monday, March 4, 2024

DETROIT, March 4, 2024 /PRNewswire/ -- Honigman LLP announced today that David J. Axelson has joined its Corporate Department as a partner in the firm's Finance Practice Group.

Key Points: 
  • DETROIT, March 4, 2024 /PRNewswire/ -- Honigman LLP announced today that David J. Axelson has joined its Corporate Department as a partner in the firm's Finance Practice Group.
  • Based in Detroit, Axelson specializes in acquisition financings, leveraged buyouts, recapitalizations, cash-flow and asset-based credit facilities, and debt restructurings.
  • He works with private equity sponsors, portfolio companies, and corporate borrowers in a broad range of finance transactions.
  • "We are delighted to welcome David as a partner to our firm," said Donald Kunz, Chair of Honigman's Corporate Department.

Grocery Outlet Holding Corp. To Acquire United Grocery Outlet

Retrieved on: 
Thursday, February 15, 2024

EMERYVILLE, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced that it has agreed to acquire United Grocery Outlet ("UGO"), an extreme value, discount grocery retailer operating throughout the Southeastern United States, from affiliates of Gen Cap America, Inc. and current and former UGO management.

Key Points: 
  • EMERYVILLE, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet" or the "Company") today announced that it has agreed to acquire United Grocery Outlet ("UGO"), an extreme value, discount grocery retailer operating throughout the Southeastern United States, from affiliates of Gen Cap America, Inc. and current and former UGO management.
  • RJ Sheedy, President and Chief Executive Officer of Grocery Outlet, stated, "United Grocery Outlet is a natural fit given our similar opportunistic buying strategies, customer value propositions, and shared mission of serving our communities.
  • Together, we look forward to growing the positive impact on our community," said Lisa Bryson, CEO of United Grocery Outlet.
  • Stout acted as financial advisor and Bass, Berry & Sims PLC acted as legal advisor to Gen Cap and United Grocery Outlet.

Myers Industries Completes Acquisition of Signature Systems

Retrieved on: 
Thursday, February 8, 2024

Myers Industries, Inc. (NYSE: MYE) (“Myers” or the “Company”), a leading manufacturer and distributor of industrial products, today announced that it has completed its acquisition of Signature Systems (“Signature”), which was previously announced on January 2, 2024.

Key Points: 
  • Myers Industries, Inc. (NYSE: MYE) (“Myers” or the “Company”), a leading manufacturer and distributor of industrial products, today announced that it has completed its acquisition of Signature Systems (“Signature”), which was previously announced on January 2, 2024.
  • “We are excited to welcome the Signature team to Myers with the closing of this transaction,” said Mike McGaugh, Chief Executive Officer of Myers Industries.
  • “This acquisition strengthens our growing portfolio of market leading brands, enhances our profitability profile and demonstrates Myers’ capability as a platform for acquisitive growth.
  • The financial results of Signature Systems are expected to be included within Myers’ Material Handling segment.

Honigman Announces Colleen P. Clarkson as New Partner in Regulatory Department

Retrieved on: 
Monday, January 22, 2024

DETROIT, Jan. 22, 2024 /PRNewswire/ -- Honigman LLP announced today that Colleen P. Clarkson has joined its Regulatory Department as a partner in the firm's Insurance Practice Group.

Key Points: 
  • DETROIT, Jan. 22, 2024 /PRNewswire/ -- Honigman LLP announced today that Colleen P. Clarkson has joined its Regulatory Department as a partner in the firm's Insurance Practice Group.
  • Based in Honigman's Bloomfield Hills office, Clarkson joins Honigman from one of the largest non-governmental purchasers of healthcare in the United States, where she served as Assistant General Counsel & Compliance Officer.
  • "We are delighted to welcome Colleen as a partner to our firm," said Julie E. Robertson, Leader of Honigman's Insurance Practice Group.
  • "Her extensive experience will add tremendous value to our group and further expand our service offerings."

Global Credit Union and First Financial Northwest, Inc. Announce Agreement for Global Credit Union to Acquire First Financial Northwest Bank

Retrieved on: 
Thursday, January 11, 2024

ANCHORAGE, Alaska and RENTON, Wash., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Global Federal Credit Union (“Global”) and First Financial Northwest, Inc. (“First Financial Northwest”) (NASDAQ GS: FFNW) announced today they have entered into a definitive agreement in which Global will acquire Renton, Washington-based First Financial Northwest Bank, a wholly-owned subsidiary of First Financial Northwest.

Key Points: 
  • ANCHORAGE, Alaska and RENTON, Wash., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Global Federal Credit Union (“Global”) and First Financial Northwest, Inc. (“First Financial Northwest”) (NASDAQ GS: FFNW) announced today they have entered into a definitive agreement in which Global will acquire Renton, Washington-based First Financial Northwest Bank, a wholly-owned subsidiary of First Financial Northwest.
  • Following the purchase and assumption transaction, First Financial Northwest and First Financial Northwest Bank intend to wind down and dissolve.
  • First Financial Northwest Bank customers will become members of Global Federal Credit Union with full access to Global’s extensive product and service offerings.
  • Global Credit Union is a not-for-profit, member-owned financial cooperative with a mission of enriching lives through world-class financial services.

Wolverine Worldwide Sells Sperry

Retrieved on: 
Thursday, January 11, 2024

Wolverine World Wide, Inc. (NYSE: WWW) announced today that it has sold the Sperry brand to Authentic Brands Group, Inc., and the ALDO Group.

Key Points: 
  • Wolverine World Wide, Inc. (NYSE: WWW) announced today that it has sold the Sperry brand to Authentic Brands Group, Inc., and the ALDO Group.
  • The transaction closed on January 10, 2024, and will generate total proceeds of approximately $130 million in the first quarter to pay down debt, further strengthening the Company’s balance sheet.
  • “The sale of the Sperry brand is the next step in our turnaround and strategic transformation,” said Chris Hufnagel, Wolverine Worldwide’s President and Chief Executive Officer.
  • “In a very short time, we have meaningfully reshaped Wolverine Worldwide – simplifying the portfolio, reducing our debt, and redesigning the organization to drive improved performance and profitability,” Hufnagel added.

Honigman Announces Rob Humphries as New Partner in Insurance Group

Retrieved on: 
Tuesday, January 2, 2024

Honigman LLP announced today that Rob Humphries has officially joined the firm’s Insurance Practice Group as partner.

Key Points: 
  • Honigman LLP announced today that Rob Humphries has officially joined the firm’s Insurance Practice Group as partner.
  • View the full release here: https://www.businesswire.com/news/home/20240102366018/en/
    Rob Humphries has joined Honigman LLP Insurance Practice Group as partner.
  • (Photo: Business Wire)
    "We are delighted to officially welcome Rob to the firm as partner," said Julie E. Robertson, Leader of Honigman’s Insurance Practice Group.
  • "I am honored to continue my journey with Honigman as a partner in the Insurance Practice Group,” said Humphries.

Myers Industries Announces Acquisition of Signature Systems

Retrieved on: 
Tuesday, January 2, 2024

“Signature Systems is a meaningful catalyst in the transformation of Myers Industries.

Key Points: 
  • “Signature Systems is a meaningful catalyst in the transformation of Myers Industries.
  • Signature aligns extremely well with our targeted acquisition criteria: Signature has a leading market position, with branded and differentiated products, serving fast-growing end markets.
  • Signature provides Myers an attractive complementary platform for long-term growth driven by world-wide investments in infrastructure over the next decade,” said Mike McGaugh, CEO of Myers.
  • Signature CEO Jeff Condino said, “We look forward to joining the Myers Industries team and for Signature to represent an important and complementary addition to the combined Company.

PhireLink to Provide High-Speed Fiber and Wireless Connectivity Across Rural America

Retrieved on: 
Wednesday, December 13, 2023

PhireLink will narrow the digital divide by providing high-quality internet connectivity through fiber and wireless access.

Key Points: 
  • PhireLink will narrow the digital divide by providing high-quality internet connectivity through fiber and wireless access.
  • Glen Post, Chairman and CEO of PhireLink, stated: "The launch of PhireLink marks a new chapter in our quest to deliver superior, dependable communication services to rural America's underserved communities.
  • This joint venture underscores the significant potential to address the digital disparities in rural America by delivering reliable and swift internet service.
  • PhireLink is poised to invigorate communities through enhanced economic prospects, educational accessibility, and quality of life improvements, playing a crucial role in overcoming rural connectivity challenges.