PatriciaEschbach-Hall (Tricia)

Partner

Cleveland + 1.216.586.7746

For more than 19 years, Tricia Eschbach-Hall has navigated clients through the complex regulatory environment for executive compensation and employee benefits arrangements, including in the context of complex mergers and acquisitions, executive transitions, day-to-day administration, and corporate restructurings. With a focus on practical approaches, Tricia counsels clients on the design and implementation of deferred compensation plans, equity plans, incentive awards, severance plans, qualified retirements plans, and welfare benefits. She regularly prepares and negotiates employment, severance, and change in control agreements for employers and has significant experience drafting benefit plans and employee materials. Working with colleagues from around the world, Tricia often assists clients with cross-border employee-related issues.

Tricia has provided benefits and compensation advice to many companies undergoing company-changing acquisitions and divestitures. Most recently, this included Sherwin-Williams' $11.3 billion acquisition of The Valspar Corporation, Parker Hannifin's $4.3 billion acquisition of CLARCOR, and Marathon Petroleum's $23.3 billion acquisition of Andeavor. She also has provided the benefits and compensation advice to several companies undergoing corporate spin-offs, including Conagra Foods' separation into two independent public companies, B&W's spin-off of its Power Generation business, TriMas' spin-off of its Cequent businesses, and The Timken Company's spin-off of its steel business.

Tricia is a member of the advisory board of Cleveland Central Catholic High School and of the Cleveland Metropolitan Bar Association.

Experience

  • Cleveland-Cliffs to acquire AK Steel in $1.1 billion stock swapJones Day is advising Cleveland-Cliffs Inc. (NYSE: CLF) in its merger with AK Steel Holding Corporation (NYSE: AKS) pursuant to which Cliffs will acquire all of the issued and outstanding shares of AK Steel common stock.
  • Chevron sells 43 percent stake in two Colombian gas production fields to HocolJones Day is representing Chevron Petroleum Company ("Chevron"), a subsidiary of Chevron Corporation (NYSE: CVX), in its sale of its 43 percent interest in the Association Contract and related rights and assets, pursuant to which Chevron operates certain upstream natural gas assets in the Chuchupa natural gas field in the Caribbean Sea and Ballena fields in the province of La Guajira, Colombia, to Hocol, S.A. ("Hocol"), a subsidiary of state-owned Ecopetrol S.A. ("Ecopetrol").
  • Directional Aviation Capital sells 50 percent interest in SIMCOM Holdings, Inc. to CAE Inc.Jones Day advised Directional Aviation Capital (DAC), one of the largest, fastest growing, and most innovative corporate aviation service companies globally, in connection with the $85 million sale of a 50 percent interest in SIMCOM Holdings, Inc. to CAE Inc.
  • TriMas to sell Lamons business to First Reserve for $135 millionJones Day is advising TriMas Company, LLC, a wholly-owned subsidiary of TriMas Corporation, in its $135 million sale of its Lamons business, a provider of industrial sealing and fastener solutions used in mission-critical, high-consequence applications in the petrochemical, petroleum refining, midstream energy transportation, upstream oil and gas, metropolitan water and wastewater management end markets to First Reserve, a private equity firm focused on energy investing.
  • PolyOne sells its Performance Products and Solutions business to SK Capital Partners for $775 millionJones Day advised PolyOne Corporation (NYSE: POL), a leading global provider of specialized polymer materials, services and solutions, in its $775 million cash sale of its Performance Products and Solutions business to SK Capital Partners.
  • Parker Hannifin acquires Exotic Metals Forming Company LLC for $1.725 billion cashJones Day advised Parker Hannifin Corporation in its $1.725 billion cash acquisition of Exotic Metals Forming Company LLC.
  • Total acquires Toshiba's interest in Freeport LNGJones Day advised Total Gas & Power Asia Private Limited ("Total"), a subsidiary of Total S.A., in (i) its purchase of all of the outstanding shares of Toshiba America LNG Corporation ("TAL") from Toshiba America, Inc. ("TAI"), and (ii) its assumption of all LNG related agreements from Toshiba Energy Systems & Solutions Corporation ("TESS").
  • Arsenal Capital Partners acquires Seal for Life Industries from Berry Global Group Inc. for $328 millionJones Day advised Arsenal Capital Partners on the $328 million acquisition of Seal for Life Industries from Berry Global Group Inc.
  • MPLX LP acquires Andeavor Logistics LPJones Day represented Marathon Petroleum Corporation, one of the largest independent refining, marketing and midstream companies in the U.S., in the combination of its two master limited partnerships, MPLX LP (NYSE: MPLX) and Andeavor Logistics LP (NYSE: ANDX) in a unit-for-unit transaction at a blended exchange ratio of 1.07x, representing an equity value of approximately $9 billion and an enterprise value of $14 billion for ANDX.
  • OMNOVA to be acquired by Synthomer plc for $824 millionJones Day is advising OMNOVA Solutions Inc. in its $824 million acquisition by Synthomer plc, a United Kingdom-based specialty chemical company.
  • Cabot sells its Specialty Fluids business to Sinomine (Hong Kong) Rare Metals Resources Co. Limited for $135 millionJones Day advised Cabot Corporation in the sale of its Specialty Fluids Business to Sinomine (Hong Kong) Rare Metals Resources Co. Limited, a wholly owned subsidiary of Sinomine Resource Group Co., Ltd., for $135 million.
  • CECO Environmental obtains $190 million financingJones Day represented CECO Environmental Corp., a leading global provider of industrial engineered products and solutions, and certain of its subsidiaries in connection with a new $190 million senior secured credit agreement, consisting of a $140 million senior secured revolving credit facility and a $50 million senior secured term loan facility.
  • Timken acquires The Diamond Chain CompanyJones Day advised The Timken Company in its acquisition of The Diamond Chain Company, a supplier of high-performance roller chains for industrial markets, from Amsted Industries.
  • Wabtec and GE Transportation merge in $11.1 billion transactionJones Day advised Wabtec Corporation in a Reverse Morris Trust merger with GE Transportation, valued at $11.1 billion.
  • Chevron to buy Pasadena Refining System for $350 million from Petrobras America Inc.Jones Day is advising Chevron U.S.A. Inc., a wholly-owned subsidiary of Chevron Corporation, in its purchase of all of the equity interests of Pasadena Refining System Inc. (“PRSI”) and PRSI Trading, LLC from Petrobras America Inc. for $350 million, subject to adjustments for working capital.
  • Olympic Steel acquires McCullough Industries, Inc.Jones Day advised Olympic Steel Inc. in its acquisition of McCullough Industries, Inc., which manufactures and sells branded self-dumping hoppers used in a variety of industrial applications.
  • PolyOne acquires Fiber-Line for $120 millionJones Day advised PolyOne Corporation, a premier global provider of specialized polymer materials, services, and solutions, in its $120 million acquisition of Fiber-Line, a global leader in customized engineered fibers and composite materials.
  • Western Allegheny Capital acquires Oberg IndustriesJones Day advised Western Allegheny Capital in connection with the acquisition and related financing of Oberg Industries, a full-service contract manufacturer of precision machines and stamped components located in Pittsburgh, Pennsylvania.
  • Procter & Gamble acquires consumer health business of Merck KGaAJones Day advised The Procter & Gamble Company (“P&G”) in its €3.375 billion ($4.2 billion) acquisition of the worldwide consumer health business of Merck KGaA.
  • Lamb-Weston/RDO Frozen obtains $70 million credit facilityJones Day represented Lamb-Weston/RDO Frozen, a joint venture of RDO Frozen Co. and Lamb-Weston/Midwest, Inc., in connection with a $70 million credit facility with Coöperatieve Rabobank U.A., New York Branch, as administrative agent and lender, and Bank of America, N.A., as lender.
  • Speaking Engagements

    • December 5, 2013
      Employees Benefits and Executive Compensation, Cleveland Tax Institute
    • December 6, 2011
      Executive Compensation: Emerging Issues & Preparing for 2012
    • September 3, 2010
      Health Reform - Claims Appeals Process, Health Action Council of Ohio Webinar
    • May 20, 2010
      Pension Funding Relief; Tax Executives Institute, Inc., Cleveland Chapter
    • May 20, 2010
      Federal Health Care Reform--Effects on Employers; Tax Executives Institute, Inc., Cleveland Chapter
    • March 20, 2008
      Revised & Updated Cafeteria Plan Regulations
    • April 21, 2005
      New Restrictions on Nonqualified Deferred Compensation Plans
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