Closely Held & Family-Owned Businesses

Closely Held & Family-Owned Businesses

Experience

  • Gencore Investments, LLC Acquires Four Apartment Communities in Pittsburgh, PA Suburbs

    Stradley Ronon represented Gencore Investments, LLC (DBA Berger Rental Communities) in acquiring and financing four apartment communities owned by seven different entities comprising a total of 1,438 apartment units in the Pittsburgh, PA suburbs. With this acquisition, Berger Rental Communities has grown to 40 apartment communities with approximately 9,000 apartment units across Pennsylvania, Delaware, and Maryland.

    Jason R. Jones

  • Stradley Assisted in Dual-Class Structure IPO

    Stradley Ronon assisted one of the three Westphal family groups in connection with Vertex Inc.’s IPO, which was completed on July 29, 2020, and raised $401 million dollars for the company. As part of the IPO process, Vertex Inc. created a dual-class structure which gives the three Westphal family groups owning a combined 78.5% of the company’s voting power after the IPO, and the existing family groups needed to amend and restate their shareholders’ agreement to take account of such dual-class structure and the realities of being a public company.

    Steven A. Scolari and Thomas L. Hanley

  • Spring Garden Lending Group on Solid Soil with Investment

    Stradley Ronon’s corporate team assisted a group of former Valley Green Bank executives, led by former CEO Jay Goldstein, in the formation of Spring Garden Lending Group. The company specializes in short-term loans to help acquire, rehabilitate, construct and refinance investment real estate properties in Greater Philadelphia.

    Christopher S. Connell, Thomas L. Hanley and Thomas O. Ix

Firm Highlights