
Experience
Stradley Ronon Represents Burpee in Acquisition by Central Garden & Pet
Stradley Ronon advised W. Atlee Burpee Co. (Burpee), a national seed and plant company based in Warminster, Pennsylvania, in its acquisition by Central Garden & Pet Inc. (Central). The transaction closed September 30; the value was undisclosed. Central is a consumer goods company in the pet and garden industries. The acquisition is expected to allow for Burpee to leverage Central’s resources and drive long-term growth in the garden market.
Steven A. Scolari, Thomas O. Ix, John C. Hook, Christopher W. Rosenbleeth, Richard E. Peterson, Catherine M. Ward, Jonathan F. Bloom, Melanie L. Ronen, Megan E. Stamm, Kate Pfingsten and Joseph C. TorresGencore 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. JonesStradley 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. HanleySpring 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
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