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April 21, 2017
H & S Creates Economies of Sale for Joint Venture

Halloran & Sage represented a joint venture consisting of two Connecticut family-owned energy companies in the negotiation, documentation and closing of the joint venture and in an associated financing transaction. The overall transaction combined the two entities’ business operations and banking relationships to create economies of scale that will position the joint venture for future growth in a competitive industry. The firm’s representation included the creation of the legal structure to implement the client’s business goals through the formation of the joint venture entity, administering asset transfers from legacy companies, negotiating and documenting leasing arrangements, analyzing environmental issues, addressing the joint venture’s third party relationships, and handling employment matters. Simultaneously with the joint venture’s formation, Robert Cox and Casey O’Connell represented the client in its financing with a regional bank, through the negotiation of loan documentation, and attention to due diligence matters. The firm concurrently closed the financing and joint venture transaction to permit the joint venturers to efficiently combine operations without any business interruption.

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Robert B. Cox
Casey D. O'Connell
Corporate Business & Transactions