PatriciaEschbach-Hall (Tricia)

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Cleveland + 1.216.586.7746

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For more than 20 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. 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

  • Horizon Global merges with First Brands GroupJones Day represented Horizon Global Corporation in its acquisition by First Brands Group, LLC, a global automotive parts manufacturer that serves the worldwide automotive aftermarket.
  • Agencias Universales S.A. (AGUNSA) acquires 75% of the Carver Maritime Manatee port terminal operator in FloridaJones Day advised Agencias Universales S.A. (AGUNSA) in the acquisition of a 75% equity interest in Carver Maritime Manatee, a terminal operator at SeaPort Manatee, a deep water seaport located at the entrance to Tampa Bay in northern Manatee County, Florida.
  • Timken acquires American Roller Bearing CompanyJones Day advised The Timken Company, a global industrial leader in engineered bearings and industrial motion products, in its acquisition of the assets of American Roller Bearing Company, a North Carolina-based manufacturer of industrial bearings.
  • VSE Aviation acquires Precision Fuel ComponentsJones Day advised VSE Aviation Services, LLC, a subsidiary of VSE Corporation (NASDAQ: VSEC), in the acquisition of Precision Fuel Components LLC.
  • Cargill acquires Owensboro GrainJones Day advised Cargill, Incorporated in the acquisition of Owensboro Grain Company.
  • Cibus combines with CalyxtJones Day is advising Cibus Global, LLC (“Cibus”), a San Diego based leader in precision gene editing in agriculture, in connection with a proposed all-stock merger with Calyxt, Inc. (NASDAQ: CLXT), under which Cibus and Calyxt will create an industry-leading company that combines two pioneers in agriculture-based gene editing and establishes one of the world’s most sophisticated facilities for trait development and plant breeding.
  • Parker Hannifin sells Human Motion and Control Business Unit to Ekso Bionics Holdings, Inc.Jones Day represented Parker Hannifin Corporation in the sale of its Human Motion and Control Business Unit to Ekso Bionics Holdings, Inc. for an aggregate purchase price of $10 million.
  • Timken amends and restates $1.15 billion credit facilityJones Day represented The Timken Company, a global leader in engineered bearings and industrial motion products, in connection with an amended and restated credit agreement with Bank of America, N.A. and KeyBank, National Association, as co-administrative agents, which consisted of a $750 million revolving credit facility and a $400 million term loan facility.
  • ABS sells technical inspection service line to ApaveJones Day is advising ABS Group of Companies, Inc. in the sale by one of its subsidiaries, ABSG Consulting, Inc., of its technical inspection service line to Apave Group, an international inspection group.
  • Timken acquires GGB Bearing Technology for $305 millionJones Day advised The Timken Company in the $305 million acquisition of GGB Bearing Technology (GGB), a division of Enpro, Industries (including exclusive negotiations with respect to the French operations of GGB).
  • Avient divests distribution business to H.I.G. CapitalJones Day advised Avient Corporation in the $950 million sale of its Distribution business to an affiliate of H.I.G. Capital.
  • Marubeni sells global grain business of Gavilon Agriculture InvestmentJones Day advised Marubeni Corporation in the sale of the global grain business of Gavilon Agriculture Investment, Inc. to Viterra Limited, following a reorganization of Gavilon’s structure.
  • Parker divests its Aircraft Wheel and Brake divisionJones Day advised Parker-Hannifin Corporation (NYSE: PH, “Parker”), the global leader in motion and control technologies, in the divestiture of its Aircraft Wheel and Brake Division, located in Avon, Ohio, to Kaman Corporation (NYSE: KAMN) for $440 million.
  • Parker Hannifin's recommended all cash acquisition of Meggitt PLCJones Day acted as counsel to Parker Hannifin Corporation in the £6.3 billion acquisition of Meggitt plc, a leading international company headquartered in Coventry, United Kingdom, specializing in high performance components and subsystems for the aerospace, defense and selected energy markets.
  • ACI Worldwide divests corporate online banking solutionsJones Day advised ACI Worldwide, Inc. in the $100 million divestiture of its corporate online banking solutions to One Equity Partners.
  • Avient acquires DSM Protective Materials businessJones Day advised Avient Corporation (NYSE: AVNT), a leading provider of specialized and sustainable material solutions, in the $1.485 billion acquisition and financing of Koninklijke DSM N.V.’s protective materials business, a leading specialty engineered materials business built around the invention of Dyneema®, the world’s strongest fiber.
  • Owens Corning acquires Natural PolymersJones Day advised Owens Corning (NYSE: OC) in the acquisition of Natural Polymers, LLC, an innovative manufacturer of spray polyurethane foam insulation for building and construction applications.
  • Sensata Technologies acquires DynapowerJones Day advised Sensata Technologies (NYSE: ST), a leading industrial technology company and provider of sensor-rich solutions and insights for customers, in connection with its acquisition of Dynapower Company, LLC, a leading provider of energy storage and power conversion systems, from private equity firm Pfingsten Partners for $580 million in cash.
  • General Mills acquires TNT CrustJones Day advised General Mills in the acquisition of TNT Crust Intermediate Holdings LLC from private equity firm Peak Rock Capital. As part of the acquisition, General Mills also acquired two manufacturing facilities in Green Bay, Wisconsin, and St. Charles, Missouri.
  • Polaris sells Transamerican Auto Parts business to Wheel ProsJones Day is representing Polaris Inc. in the sale of its Transamerican Auto Parts business to Wheel Pros, a designer, manufacturer, and distributor of proprietary branded aftermarket vehicle enhancements for light trucks, SUVs, passenger cars, and ATVs/UTVs, backed by Clearlake Capital Group, L.P.
    • View All

    November 2022 White Paper

    SEC Adopts Final Dodd-Frank Act Clawback Rules: An A-to-Z Explanation

    July 2013 Commentary

    The Supreme Court's DOMA Decision: Impact of the Changing Definition of "Spouse" on Employee Benefits

    May 2012 Commentary

    Health Care Reform: What If They Throw the Whole Thing Out?

    November 2010 Commentary

    Fully Insured Group Health Plans May No Longer Provide Discriminatory Benefits

    August 2010 Commentary

    Claims and Appeals Procedures: New Internal and External Review Requirements

    July 2010 Commentary

    What a Relief?—Congress Finally Passes Pension Funding Legislation

    February 2009 Commentary

    Group Health Plan Continuation Coverage: Fast Action Required To Comply with New COBRA Premium Assistance Requirements

    Additional Publications

    • October 2010
      Collier Monograph: Employee Benefits and Executive Compensation in Corporate Bankruptcy (Second Edition)
    • July 2008
      Collier Monograph: Employee Benefits and Executive Compensation in Corporate Bankruptcy

    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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