Scott F.Frodyma

Of Counsel

(T) 1.216.586.7282

Scott Frodyma has counseled clients for more than 20 years with respect to the federal income tax issues related to mergers and acquisitions, issuances of equity, and financing transactions. His practice includes a wide range of transactional tax matters, including representing clients in taxable and tax-free stock, interest, and asset acquisitions and divestitures. Scott regularly advises strategic, public, and private clients in all phases of transactions, such as developing a tax-efficient structure, drafting and negotiating the tax portions of deal documents, drafting and negotiating the tax portions of financing documents, post-transaction restructurings, and resolving indemnity claims.

Scott advised USI Holdings Corporation in its acquisition of Wells Fargo Insurance Services, Inc. from Wells Fargo & Company; Chart Industries, Inc. in its acquisition of Hudson Products Corporation; and Nordson Corporation in its acquisition of Vention Advanced Technologies from Vention Medical. Other representative clients include The Riverside Company, Morgan Stanley Capital Partners, High Road Capital Partners, Monroe Capital, and Twin Brook Capital Partners.

Scott also has experience representing clients in pursuing private rulings and controversies before the Internal Revenue Service and Appeals.

Experience

  • Parker Hannifin to acquire Exotic Metals Forming Company LLC for $1.725 billion cashJones Day is advising Parker Hannifin Corporation in its $1.725 billion cash acquisition of Exotic Metals Forming Company LLC.
  • Charkit Chemical acquires Custom Ingredients and CA SpecialitiesJones Day advised Charkit Chemical Company LLC in its acquisition of Custom Ingredients, a manufacturer of specialty ingredients, and CA Specialities, a South Carolina-based distributor of ingredients in the personal care market.
  • High Road Capital portfolio company acquires Quality Standby ServicesJones Day represented High Road Capital Partners in connection with the acquisition and related financing by portfolio company Storage Battery Systems, LLC, a manufacturer of industrial batteries, of substantially all of the assets of Quality Standby Services, LLC, a leading provider of critical standby power service and hardware.
  • Norwest Equity Partners acquires Arteriors HomeJones Day represented Norwest Equity Partners in connection with the acquisition and related financing of 4M Capital, Ltd. d/b/a Arteriors Home, a leading designer and supplier of artisanal lighting, furnishings, and home décor accessories.
  • High Road Capital acquires John Henry Foster MinnesotaJones Day represented High Road Capital Partners in connection with the acquisition and related financing of John Henry Foster Minnesota, Inc., a leading value-added distributor of motion control parts and accessories, compressed air systems, collaborative robots, industrial robotics, and electrical automation products to manufacturers in the Upper Midwest.
  • Large financial institution provides acquisition financing of provider of security alarms and monitoring servicesJones Day represented a financial institution, as administrative agent and lender, in connection with the financing of a large electronic security company's acquisition of a leading provider of security alarms and monitoring services for commercial and residential customers.
  • High Road Capital acquires Berg WholesaleJones Day represented High Road Capital Partners in connection with the acquisition and related financing of Berg Wholesale, a wholesale distributor of door hardware, bath hardware, and security products for the residential and multifamily housing markets.
  • Riverside acquires Champion Healthcare TechnologiesJones Day represented The Riverside Company in connection with the acquisition and related financing of Champion Healthcare Technologies, a SaaS provider that enables hospitals to manage surgical implants throughout their life cycle.
  • Next Generation Films sold to Charter NEX Films, Inc. for $1.07 billionJones Day advised Next Generation Films, Inc. in its sale to Charter NEX Films, Inc., a manufacturer of specialty plastic films, for an aggregate purchase price of $1.07 billion.
  • Riverside acquires Naturally Slim®Jones Day represented The Riverside Company in connection with the acquisition and related financing of NS412, LLC (d/b/a Naturally Slim®), a leading digital health platform focused on helping participants reduce Metabolic Syndrome, lose weight, and lead healthier lives.
  • Blue Point Capital Partners recapitalizes TAS Environmental ServicesJones Day represented Blue Point Capital Partners in connection with the recapitalization and related financing of TAS Environmental Services, a leading regional environmental services company.
  • Riverside invests in HemaTerra TechnologiesJones Day represented The Riverside Company in connection with its investment in and related financing of HemaTerra Technologies, a provider of SaaS-based solutions for independent and hospital-based blood collection centers and plasma collection centers.
  • Irving Place Capital sells Ohio Transmission Corporation to Genstar CapitalJones Day represented Irving Place Capital and its portfolio company, Ohio Transmission Corporation (“OTC”), a leading technical distributor and solutions provider, in Irving Place Capital's sale of OTC to Genstar Capital.
  • Polychem acquired by The Sterling GroupJones Day advised Polychem Corporation in its acquisition by The Sterling Group.
  • NSi Industries merges with Platinum Tools®Jones Day advised NSi Industries, LLC in the acquisition and related financing of Platinum Tools®, a market leader of award-winning datacom products, driving the innovation for the preparation, installation, hand termination, and testing of wire and cable.
  • SureWerx acquires ADA SolutionsJones Day represented The Riverside Company in connection with the add-on acquisition and related financing of ADA Solutions by portfolio company SureWerx Inc., a leading provider of proprietary branded professional safety products, tools, and equipment used across general industrial, construction, energy, and automotive aftermarket settings.
  • Ohio Transmission acquires Filter and Coating TechnologyJones Day advised Ohio Transmission Corporation in its acquisition of Filter and Coating Technology, Inc., a provider of equipment and filters and related consulting services to manufacturers with paint, finishing, adhesives, and coating operations.
  • Trico Group acquires Performance Pumps business of UCI International HoldingsJones Day advised Trico Group Holdings, LLC in connection with its acquisition of the Performance Pumps business of UCI International Holdings.
  • Health & Safety Institute acquires EMS Safety ServicesJones Day represented The Riverside Company in connection with the add-on acquisition and related financing of EMS Safety Services, Inc., a provider of first aid and CPR training solutions, by portfolio company Health & Safety Institute, a provider of comprehensive health and safety training courses.
  • 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.
  • Additional Publications

    • June 2002Back to Basics -- A Review of Recent Decisions Relying on the Economic Substance, Business Purpose, Step Transaction and Clear Reflection of Income Doctrines, Jones Day State Tax Return Newsletter, Vol. 9, No. 6

    Speaking Engagements

    • October 16, 2003
      Current Developments in Corporate Taxation, Cleveland Tax Institute
    • May 2, 2002
      Back to Basics -- A Review of Recent Decisions Relying on the Economic Substance, Business Purpose, Step Transaction and Clear Reflection of Income Doctrines, Tax Executives Institute, Columbus and Cleveland
    • October 18, 2001
      Summary of the Economic Growth and Tax Relief Reconciliation Act of 2001, Cleveland Tax Institute
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