Jeremy M. Miller

Stradley Ronon represented Horizon Blue Cross Blue Shield of New Jersey, the state’s oldest and largest health insurer, in a joint venture with Deerfield Management Co., an investment firm dedicated to advancing healthcare with more than $14.6 billion in assets under management.

The partnership will allow independent physicians to upgrade their practices and provide value-based payment arrangements while continuing to deliver high-quality patient care.

Read Horizon’s press release.

Stradley Ronon advised Team Epiphany, a consumer marketing agency based in New York City, in its acquisition by Stagwell, a digital-first global marketing network. Founded in 2004, Team Epiphany is a BIPOC-owned-and-operated firm that specializes in cultural relevance, experiential marketing and influencer integration. The terms of the transaction were not disclosed. Team Epiphany will join Stagwell’s Constellation network, a collective of best-in-class marketing agencies.

For more, read Stagwell’s announcement.

Stradley Ronon represented Pronto Repairs, Inc. in an acquisition by Tech24, a portfolio company of HCI Equity Partners. Pronto Repairs offers repair, maintenance and installation services for foodservice and commercial HVAC equipment to hospitals and medical centers in the New York City area. Tech24 is a national industry leader in commercial foodservice equipment repair and maintenance. The acquisition allows Tech24 to strengthen its presence both in the New York City metropolitan area and in the healthcare segment.

Stradley Ronon represented Pacific Life Insurance Company with the sale of its third‐party credit asset management firm, Pacific Asset Management, LLC, which manages over $20 billion in assets, to Aristotle Capital Management, LLC. The transaction creates Aristotle Pacific Capital, LLC (Aristotle Pacific).

Stradley Ronon represented Berkshire Asset Management (BAM), a Wilkes-Barre, PA-based RIA with $3.96 billion in AUM that specializes in dividend-focused equity portfolios in the sale of a minority stake to iM Global Partner, a leading global asset management network. BAM will join iM Global Partner’s extensive global asset management family and distribution network.

Stradley Ronon represented Petabyte Technology Inc., a provider of cloud-based technology solutions to the veterinary sector, in a $43.4 million acquisition by Chewy, Inc., an online provider of pet food and treats, pet supplies, pet medications and other pet-health products and services. The acquisition is expected to further strengthen Chewy’s pet healthcare product and service offerings.

Stradley Ronon represented Crusoe Energy Systems, a Denver, CO-based a company that operates modular data centers that harness otherwise wasted and flared natural gas to power crypto, cloud computing and other data center operations, in connection with its acquisition of Easter-Owens, a manufacturer of modular data centers and specialized electrical systems. The acquisition will allow Crusoe, a pioneer of clean computing infrastructure that reduces both the costs and environmental impact of the world’s expanding digital economy, to manage manufacturing while adding new capabilities for rapid prototyping and data center systems innovation.

Stradley Ronon represented Loris, in connection with a $12M Series A Preferred Stock financing led by Bow Capital, with participation from ServiceNow Ventures and existing investors, Floodgate and Vertex Ventures. Loris brings better conversations to the world by enabling brands to scale human experiences with their customers. Loris is a conversational AI platform that guides customer support agents in real-time during digital conversations (chat, SMS, email, etc.) with empathy techniques and intent-based language suggestions that improve productivity metrics and positive customer outcomes. Loris plans to invest the funds to expand their AI capabilities to generate voice-of-customer insights and further enable non-technical leaders that oversee customer service and support teams to efficiently and effectively scale the ‘human touch’ of their department.

For more information on Loris, and to read about the deal, please visit here and here.

Represented the strategic investment group of a major life insurance company in various venture capital investments in early stage technology companies in the fintech, insurtech and AI space.

Stradley Ronon’s emerging companies & venture capital funds team represented Fora Travel in closing a seed funding round, raising $5 million. Fora is a modern travel agency with a twist – thoughtfully designed, proactively inclusive and tech-driven. The seed round was led by Forerunner Ventures with participation from leading consumer investors, including Heartcore Capital and Uncommon Capital. Fora plans to use the investment to onboard new advisors and enhance product development. 

Stradley Ronon attorneys represented StreamWeaver, a software company offering enterprises end-to-end observability, AI operations and cloud migration, in its sale to BMC, a global leader in software solutions for Autonomous Digital Enterprises. The acquisition enhances BMC’s AIOps strategy, providing expanded data integration capabilities.