Experience
Stradley Ronon Advises Mutual Group in Emigrant Partners Deal
Stradley Ronon represented Mutual Group Inc., a national platform serving independent financial advisers and registered investment advisers, in a transaction involving a strategic investment by Emigrant Partners, a leading minority investor in the wealth and asset management industry.
The deal, announced April 9, enables Mutual Group to expand its national footprint, deepen adviser engagement, accelerate key platform enhancements and position its business for the next phase of growth.
Peter C. Brockmeyer, Alexandra L. Rice, Christopher S. Connell, Dean V. Krishna, Melanie L. Ronen, Christine Rosenblatt, Katrina L. Berishaj and Michael P. BonnerStradley Ronon Advises Lenis Group in Sale of Majority Stake to Great Point Partners
Stradley Ronon represented Lenis Group, a Slovenian-based full-service regional commercialization and distribution partner for niche and specialty prescription medicines in Central and Eastern Europe, in the sale of a majority ownership stake to Great Point Partners, a U.S.-based private investment firm focused on the healthcare industry. The transaction was announced on December 10; the value was undisclosed.
The acquisition will support Lenis’ regional expansion and accelerate its vision of broadening access to high-quality specialty medicines across Central and Eastern Europe.
Lisa R. Jacobs, Dean V. Krishna, David J. Winkowski and Kate PfingstenStradley Ronon Represents Oak Hill Wealth Advisors in Merger with Cerity Partners
Stradley Ronon advised Oak Hill Wealth Advisors, a wealth management firm based in Lansdowne, Virginia, in its merger with Cerity Partners, a full-service wealth management firm serving high- and ultra-high-net-worth individuals and their families, businesses and their leadership teams, and nonprofit organizations. The transaction closed on September 30; the value was undisclosed.
Oak Hill will operate under the Cerity Partners name. The partnership will expand Cerity Partners’ footprint in the Washington, D.C., market and is expected to enhance offerings to high-net-worth families, including generational wealth planning, financial and retirement planning, and investment management services.
Dean V. Krishna, Christopher S. Connell, Megan E. Stamm, Linsay Sobers, Melanie L. Ronen, Avery Marz and Katrina L. Berishaj
Stradley Ronon Secures Appellate Win in Denial of $26M Tax Refund by Billionaire’s Estate
Stradley Ronon obtained a victory on behalf of the Pennsylvania Department of Revenue in a matter involving a $29 million inheritance tax refund claim brought by the estate of an heir of the Mellon family. In Estate of Richard M. Scaife v. Pennsylvania, Pittsburgh billionaire Richard Scaife’s estate claimed a $29 million deduction from the Commonwealth based on a prior $200 million settlement with Scaife’s children (and certain legal fees and other administrative expenses). The estate argued that the trustee indemnification agreements executed in conjunction with Scaife’s receipt of more than $400 million in trust fund distributions were “bona fide” agreements and therefore the settlement amount was an estate expense that was tax-deductible.
A three-judge panel of the Commonwealth Court ruled the conflicts of interest regarding Scaife’s lawyer — who was also his personal friend, an executive of his media companies, an executor of his estate, and a trustee of multiple trusts, including the trust holding a vast majority of the estate’s assets — meant the indemnification agreements were not “bona fide” and the settlement payment was not tax-deductible. The court affirmed the lower court’s ruling denying the tax-deductible status of the $200 million settlement and $1.6 million in attorney fees, but remanded to the lower court claims regarding the deduction of other administrative expenses.
Russell J. Ressler and Michael J. Wise
Stradley Ronon Represents Allied Resources Group in Acquisition of Verigent
Stradley Ronon represented Allied Resources Group (ARG) in its acquisition of Verigent, a North Carolina-based staffing firm specializing in telecom and IT network infrastructure. The transaction closed July 31; the value was undisclosed.
ARG is a multidisciplinary provider of engineering, staffing, inspection and field services focused on delivering reliable solutions to critical infrastructure clients nationwide. The acquisition will expand ARG’s workforce solutions platform and strengthen its presence in fast-growing technical markets across the United States, including the data center infrastructure sector.
Steven A. Scolari, Richard E. Peterson, Jason R. Jones, Avery Marz, Katrina L. Berishaj and Jan M. Folena
Stradley Ronon Advises Fora Travel in $60 Million Series B and C Funding Rounds
Stradley Ronon represented Fora Travel, a digital platform that powers the next generation of travel entrepreneurs, in $60 million Series B and C funding rounds. This new capital supports Fora’s mission to modernize the travel industry by utilizing advanced technology and empowering travel advisers to share their expertise. Series B was led by Insight Partners and Series C by Thrive Capital, with previous supporters Forerunner and Heartcore Capital returning.
One of Fast Company’s Most Innovative Companies of 2025, Fora reimagines the travel agency by enabling experienced travelers to serve as travel advisers who book trips and plan itineraries for clients. For more information, visit Fora Travel’s website.
Lori S. Smith, Joshua G. Galante, Jeremy M. Miller, Randy M. Friedberg, Dean V. Krishna and Richard E. Peterson
Stradley Ronon Represents Cook Wealth in Merger with Cerity Partners
Stradley Ronon represented Cook Wealth, a Raleigh-based wealth management firm, in a merger with Cerity Partners, a financial and wealth advisory firm serving high-net-worth individuals and their families and nonprofit organizations and foundations throughout the United States.
The merger expands Cerity Partners’ integrated wealth advisory services, including financial planning, investment management, and tax planning and preparation, into North Carolina.
For more information, visit Cerity Partners’ website.
Megan E. Stamm, Christopher S. Connell, Dean V. Krishna, Linsay Sobers, Melanie L. Ronen, David P. Fitzgibbon, Katrina L. Berishaj, Avery Marz and Fabio Battaglia
Stradley Ronon Advises Rhodium in Acquisition of 3 Beauty and Wellness Companies
Our firm has represented Rhodium in its acquisition of three health, beauty and wellness companies: SiO Beauty, Rootine and Solomomo. Rhodium, a startup backed by Relevance Ventures and Loeb.nyc, is a data and machine learning platform for the wellness industry. The deal will expand Rhodium’s suite of offerings for med-spas.
Lori S. Smith, Joshua G. Galante, Peter C. Brockmeyer, Randy M. Friedberg, Richard E. Peterson, Philip J. Foret, Dean V. Krishna and Jeremy M. Miller
Stradley Ronon Represented TradePMR in Acquisition by Robinhood
Stradley Ronon represented TradePMR, a custodial and portfolio management platform for Registered Investment Advisors (RIAs), in an approximately $300 million acquisition by Robinhood Markets, Inc., which closed on February 26, 2025. TradePMR has over 25 years in the industry, and the acquisition will accelerate Robinhood’s delivery of investment advisory capabilities to customers by bringing in a scaled RIA custodial platform with approximately 350 firms and more than $40B in assets under administration.
Christopher S. Connell, Dean V. Krishna, Alycia M. Vivona, Melanie L. Ronen, Katrina L. Berishaj, Jason R. Jones, Megan E. Stamm, Linsay Sobers, Richard E. Peterson and Kate PfingstenStradley Ronon Advises Wedderspoon in Acquisition by Masthead
Stradley Ronon represented Wedderspoon Organic Group, the largest seller of New Zealand-sourced and manufactured manuka honey products in North America, in its acquisition by New Zealand-based investment firm Masthead Ltd. Masthead plans to consolidate its consumer brand portfolio into a new holding company, Florenz.
Lori S. Smith, Joshua G. Galante, Megan E. Stamm, Randy M. Friedberg, Katrina L. Berishaj, Peter Bogdasarian, Dean V. Krishna and Linsay Sobers
Stradley Ronon Represents XPYRIA in Merger with Cerity Partners
Stradley Ronon represented XPYRIA Investment Advisors, a Pittsburgh-based independent investment adviser, in a merger with Cerity Partners, a financial and wealth advisory firm serving high-net-worth individuals and their families and nonprofit organizations and foundations throughout the United States. The transaction will allow the firms to better serve their Pittsburgh-based clients with a full spectrum of wealth management and financial planning services.
Dean V. Krishna, Christopher S. Connell, David P. Fitzgibbon, Megan E. Stamm and Linsay SobersStradley Ronon Advises Wealth Legacy Institute in Merger with Cerity Partners
Stradley Ronon represented Denver-based Wealth Legacy Institute, a financial planning and investment management firm, in its merger with Cerity Partners, a financial and wealth advisory firm serving high-net-worth individuals and their families and nonprofit organizations and foundations throughout the United States.
Katrina L. Berishaj, Christopher S. Connell, David P. Fitzgibbon, Dean V. Krishna, Linsay Sobers and Megan E. StammStradley Ronon Advises Fountain Life in LifeOmic Acquisition
Stradley Ronon represented Fountain Life, an advanced diagnostics and preventative health company, in its acquisition of health data technology company LifeOmic. As a result of the transaction, Fountain Life owns all of LifeOmic’s intellectual property, including the LifeOmic Platform and software, LifeOmic Patient Mobile App, consumer-focused mobile apps and science-backed educational content. The deal supports Fountain Life’s mission of transforming the healthcare system into one that is proactive and data-driven.
Lisa R. Jacobs, Philip J. Foret, David P. Fitzgibbon, Megan E. Stamm, Linsay Sobers and Thomas L. HanleyHRP Breaks Ground on First Phase of The Bellwether District
Stradley Ronon joined client Hilco Redevelopment Partners (HRP), elected officials, and business and community leaders at the groundbreaking for the first phase of The Bellwether District in South Philadelphia. HRP is converting the 1,300-acre former Philadelphia Energy Solutions refinery into a 14-million-square-foot, state-of-the-art campus dedicated to innovation, e-commerce and logistics. The demolition of the refinery resulted in a 16 percent reduction in emissions in Philadelphia, and the new site will offer a cleaner environment and increased economic opportunities for the region.
Kevin R. Boyle, Dean V. Krishna, Andrew S. Levine and Christopher W. Rosenbleeth
Pacific Asset Management Acquired by Aristotle
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).
Katrina L. Berishaj, Peter Bogdasarian, Philip J. Foret, Thomas L. Hanley, Jason R. Jones, Dean V. Krishna, Mena Larmour, Jeremy M. Miller, Michael W. Mundt, Lawrence P. Stadulis and Megan E. StammEnvoy Solutions Acquired Penn Jersey Paper Co.
Stradley Ronon represented Penn Jersey Paper Co. (PJP), a specialized distribution company based in Philadelphia, Pennsylvania, which distributes cleaning products, foodservice disposables and janitorial supplies in its sale to Envoy Solutions, a diversified distribution company. The acquisition is part of Envoy Solutions' approach to building a national platform offering facility supplies, foodservice disposables, packaging solutions and specialty marketing solutions. The transaction closed in early November 2021.
Thomas O. Ix and Jonathan F. BloomTriumph Group Sells Two Business Units
Stradley Ronon represented Triumph Group in connection with the sale of Triumph Processing to Valence Surface Technologies and Triumph Structures – Los Angeles to Aerospace Systems and Structures. The two divestitures will allow Triumph Group to focus on the company’s transformation strategy to reshape its portfolio to focus on businesses that best fit the strategic direction of the company.
Triumph Group Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. The company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. More information about Triumph Group can be found on the company’s website at www.triumphgroup.com.
Triumph Executes on Transformation Strategy
Stradley Ronon’s M&A team assisted Triumph Group with the sale of Triumph Aerospace Structures’ Long and Large (L&L) machining and metal finishing business, and separately, of Triumph Structures – Long Island, LLC. The two divestitures will allow Triumph Group to focus on the company’s transformation strategy to reshape its portfolio to focus on businesses that best fit the strategic direction of the company.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. The company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. More information about Triumph Group can be found on the company’s website at www.triumphgroup.com.
AmerisourceBergen Sells Subsidiary to Canadian Company
Stradley Ronon represented AmerisourceBergen, a Fortune 12 publicly traded pharmaceutical company, in the sale of its wholly owned subsidiary, World Courier Ground Inc., to a subsidiary of TFI International, a publicly traded Canadian company. World Courier Ground Inc. was the U.S. ground transportation division of AmerisourceBergen.
AmerisourceBergen is one of the largest global pharmaceutical sourcing and distribution services companies, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and enhance patient care. With over $140 billion in annual revenue, AmerisourceBergen is headquartered in Valley Forge, PA, and employs approximately 19,000 people.
Triumph Group Sells Aerospace Systems Subsidiary
Stradley Ronon’s M&A team assisted Triumph Group with the sale of its subsidiary, Triumph Aerospace Systems - Newport News to Calspan Corporation. Triumph Aerospace Systems – Newport News, which will now operate as Calspan Systems Corporation, is a globally-recognized, industry-leading, engineering, design, analysis and manufacturing firm, specializing in the engineering and manufacture of complex hardware and prototype systems. The divestiture will allow Triumph Group to focus more intently on its core business capabilities.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. The company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. More information about Triumph Group can be found on the company’s website at www.triumphgroup.com.MFP Strategies Partners With Captrust
Stradley Ronon represented MFP Strategies in its acquisition by CAPTRUST Financial Advisors, one of the nation's leading independent and retirement-plan advisory firms. The transaction allows MFP Strategies to both broaden and strengthen its menu of services while helping to accelerate its growth.
Based in Bethlehem, Pennsylvania, MFP Strategies has deep experience in wealth management and capital preservation strategies for private clients, investment advisory services for institutions, and investment and retirement plan advisory services for institutional plan sponsors.
Thomas O. Ix and Jonathan F. BloomRecycling Becomes a Family Affair
Stradley represented the Buff family in the acquisition of rePlanet, one of California’s largest recyclers of aluminum, glass and plastic containers. Stradley also advised the Buff family with regard to the restructuring of rePlanet and other Buff affiliated companies into rePlanet Holdings, which controls a series of platform companies that focus on recycling post-consumer materials and use recycled material in the manufacture of food packaging products. As part of the corporate restructure, Stradley represented rePlanet Holdings with equity raises and debt financing.
Thomas O. Ix“United” For Decades of Success
For more than two decades Stradley Ronon has served as UnitedHealth’s mid-Atlantic regional counsel, effectively and efficiently handling more than 400 cases and claims for UnitedHealth and its subsidiaries and affiliates throughout the mid-Atlantic region and in other states (e.g., Ohio, New York, Michigan and Florida). The majority of these cases are healthcare/ERISA litigation, and involve, ERISA benefit claims; non-ERISA claims; Medicare/Medicaid; provider disputes; prompt pay claims; stop loss claims; termination of contractual arrangements; coordination of benefits and care; third-party administration of benefits, life and disability benefit disputes; and counterclaims for fraud or overpayment. These cases range from single plaintiff claims to large, complex class actions.
Francis X. Manning, Brian P. Seaman and Samuel J. Arena Jr.
