Advised on $2 Billion Sale of Leading Data Center Electrical Contractor to Public Company
Advised Power Solutions, a leading Mid-Atlantic electrical contractor focused on data center construction, in its $2 billion sale to Dycom Industries, Inc. (NYSE: DY), a publicly traded national provider of specialty contracting services for digital infrastructure. Working on an accelerated timeline, the firm led a fully integrated, multidisciplinary team that guided Power Solutions through all aspects of the transaction, including M&A, tax structuring, financing, employment matters, and regulatory filings, helping the company achieve a landmark exit in a highly competitive and rapidly evolving market. The transaction strengthened Dycom’s data center platform by combining its fiber expertise with Power Solutions’ established leadership in electrical construction, reflecting Miles & Stockbridge’s deep experience advising clients on complex, high-value transactions in the data center and digital infrastructure space.
Assisted Government Contracting Company with Business Succession Planning
Assisted government contracting company with business succession planning matters. Advice included the implementation of certain profits interest and phantom equity plans for key employees, life insurance policy planning to fund tax-efficient share repurchases, and an entity value “freeze transaction” designed to minimize potential estate tax issues for senior generation of shareholders while allowing younger generation to participate in growth and appreciation in a tax-favorable manner.
Corporate Restructuring Plan to Mitigate Impact of Code Section 280E
Prior to joining Miles & Stockbridge, Meg advised licensed and chartered medical cannabis enterprise on various tax matters including the implementation of a corporate restructuring plan to mitigate the of impact of Code Section 280E, resulting in significant federal income tax savings.
Tax Planning for Acquisition of Multi-National IT Management and Technology Solutions Provider
Represented a strategic acquirer in its acquisition of a multi-national IT management and technology solutions provider. Detailed analysis and tax planning were provided to implement a complex tax-efficient acquisition structure, which included advice and planning to minimize post-acquisition U.S. tax on multinational operations. Worked in consultation with local counsel in Canada, India, and the U.K. in order minimize stamp and duty taxes, to provide tax related due diligence and risk assessment support, and to negotiate tax provisions of agreement.
Representation of a Multi-Hospital System
Representation of a multi-hospital system in Maryland in its establishment, financing and tax planning.
