Represented Mesirow Financial as the underwriter for notes issued by the Maryland Economic Development Corporation to purchase the intellectual property rights of the Preakness States and Black-Eyed Susan Stakes, keeping both legendary horse races in Baltimore for years to come. The firm also represents The Maryland Jockey Club, which operates thoroughbred racing in the state and announced a new broadcast deal with NBC and Peacock.
Represented a privately held electrical contractor focused on data center construction in its $2 billion sale to a publicly traded national telecommunications contractor. Engaged in mid-summer with a letter of intent signed in September, the team navigated the unique challenges of a long-time, family-owned business being acquired by a public company seeking to enter the data center construction market and closed the transaction in late December.
Represented Data Center Cooling Solutions Manufacturer in Sale
Miles & Stockbridge represented a data center cooling solutions manufacturer in its sale to a full-service HVAC provider. The transaction — which closed in just nine weeks from letter of intent — required broad cross-disciplinary expertise including tax, real estate, antitrust, employee benefits, employment and intellectual property. The buyer was represented by counsel from a major national firm.
Advised Commercial Real Estate Company on $750M Strategic Investment
Advised Merritt Properties and helped secure a $750 million strategic investment led by global investment firm Centerbridge Partners, positioning the privately held commercial real estate leader for its next phase of growth.
For decades, Miles & Stockbridge has served as a trusted legal advisor to Merritt, supporting the company's growth across its business. Building on that longstanding relationship, the firm advised Merritt through this transformative transaction, helping the company navigate complex corporate, financing, tax and regulatory issues while advancing its long-term business objectives.
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