Ashley LykinsGullett

Associate

(T) + 1.614.281.3980

Ashley Gullett has served as the lead associate on numerous complex business transactions involving private and public companies and private equity funds. She also has acted as the primary legal advisor for a variety of privately held companies. Her transaction experience includes a wide assortment of deal structures, including leveraged buyouts, divestitures, mergers, carve-outs, cross-border transactions, minority investments, and distressed transactions inside and outside of bankruptcy proceedings.

In addition, Ashley assists clients with commercial contracts, executive management arrangements, and general corporate and corporate governance matters, including shareholder activism, special committees, and dissolution procedures. She advises clients from a wide range of industries, including health care, technology, cannabis, financial services, and manufacturing.

Prior to rejoining Jones Day in 2018 from another international law firm, Ashley represented General Electric in various transactions, including the sale of its health care technology unit to Veritas Capital for $1.05 billion; Cortec Group in numerous transactions; ATI Physical Therapy in connection with several practice acquisitions; Wolters Kluwer Health in its $150 million acquisition of Learner's Digest International; Millennium Trust Company in its sale to Parthenon Capital Partners and its acquisition of InspiraFS, Inc.; HIG Capital in its acquisition of Ship Supply; Atlantic Packaging Products in its acquisition of York Container Company; and Extreme Plastics Plus in the sale of its assets via a 363 bankruptcy sale.

Ashley serves on the board of directors of VOICEcorps, which provides services to the visually impaired, and chairs its operations and technical committee.

Experience

  • Deltek acquires ComputerEaseJones Day advised Deltek, a subsidiary of Roper Technologies, Inc., a technology company that operates businesses that design and develop software and engineered products for global niche markets, in its acquisition of substantially all of the assets of ComputerEase, a provider of construction accounting software.
  • USI Insurance Services acquires JRG Advisors, LLCJones Day advised USI Insurance Services in its acquisition of Wexford, Pennsylvania-based employee benefits services firm, JRG Advisors, LLC.
  • Milliken & Company acquires PolartecJones Day advised Milliken & Company in its acquisition of Polartec, a strong global brand known for its innovative performance textiles for outdoor and military apparel, from Versa Capital Management, LLC.
  • 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.
  • USI Insurance Services acquires Chernoff Diamond & Co., LLCJones Day advised USI Insurance Services in its acquisition of New York-based retirement, benefits and risk management advisory firm, Chernoff Diamond & Co., LLC.
  • Dorilton Capital invests in MEI Rigging & CratingJones Day represented Dorilton Capital in connection with its majority investment in MEI Rigging & Crating, LLC, a provider of machinery moving, millwrighting, installation, crating, and export packing services.
  • Follett acquires NextTier EducationJones Day advised Follett Corporation in its acquisition of NextTier Education, a cloud-based software solution that provides counselors, students, and parents with guidance, information, and insight to help students achieve their postsecondary goals and ensure every student has equal access to higher education.
  • Cortec Group portfolio company acquires Pride Vehicle Lifts and Ramps division of Pride Mobility Products CorporationJones Day advised the Cortec Group in connection with the acquisition by portfolio company Harmar Mobility LLC, a manufacturer of lifts, ramps, and hoists for wheelchairs and scooters, of the Pride Vehicle Lifts and Ramps division of Pride Mobility Products Corporation.
  • Sea Hunter merges with Baker Technologies Inc., Briteside Holdings, LLC, and Santé Veritas Holdings Inc. in four-way business combination and Canadian reverse takeoverJones Day advised Sea Hunter Therapeutics LLC and its parent company Sea Hunter Holdings LLC in connection with a four-way business combination and Canadian reverse takeover (RTO) in which a new Canadian public company (Tilt Holdings) to be listed on the Canadian Securities Exchange (CSE) acquired the equity of Sea Hunter, Baker Technologies Inc. and Briteside Holdings LLC (U.S. companies), and Santé Veritas Holdings Inc., a Canadian corporation, in exchange for new equity in Tilt Holdings.
  • YETI Holdings completes $288 million IPOJones Day represented YETI Holdings, Inc., a designer, marketer, retailer, and distributor of a variety of innovative, branded, premium outdoor products, in connection with its $288 million initial public offering of Common Stock.
  • USI Insurance Services acquires The Gaudreau GroupJones Day advised USI Insurance Services LLC ("USI") on the acquisition of Wilbraham, Massachusetts-based The Gaudreau Group Inc. Insurance Agency ("The Gaudreau Group").
  • Cardinal Health sells majority stake in NaviHealth to Clayton, Dubilier & RiceJones Day advised Cardinal Health, Inc. (NYSE: CAH) in the sale of a majority stake in its NaviHealth business to funds managed by Clayton, Dubilier & Rice.
  • Ratioparts joins Riverside's Arrowhead platformJones Day represented The Riverside Company in connection with the acquisition and related financing, with co-investor Investcorp, of Ratioparts, an add-on to the Arrowhead Engineered Products (Arrowhead) platform.
  • Motherson acquires Wiring Business of StoneridgeJones Day advised Motherson Sumi Systems Ltd. in its acquisition of the Wiring Business of Stoneridge, Inc.
  • Birch Communications acquires Cbeyond for $323 millionJones Day advised Birch Communications Inc., a leading IP-based communications and cloud services provider to small and medium businesses, in the acquisition and related financing of Cbeyond, Inc., a technology ally to small and mid-sized businesses, for $323 million.
  • Choices for Victims of Domestic Violence changes ownershipJones Day represented Choices for Victims of Domestic Violence, a nonprofit, in its change in ownership.
  • NII Holdings completes $811 million tower transaction with American TowerJones Day advised NII Holdings, Inc., a provider of differentiated mobile communication services operating under the Nextel brand in Latin America, in the monetization of its approximately 2,790 towers in Brazil and 1,666 towers in Mexico to American Tower Corporation for $811 million, subject to adjustments.
  • Materion closes second amended and restated credit agreementJones Day represented Materion Corporation, a supplier of highly engineered advanced enabling materials to leading and dynamic technology companies across the world, in connection with its second amended and restated credit agreement consisting of a $375 million revolving credit facility comprised of sub-facilities for revolving loans, swingline loans, letters of credit, and foreign borrowings.
  • Wolverine Tube completes sale of technical tube business to Wieland-WerkeJones Day represented Wolverine Tube, Inc. in connection with its sale to Wieland-Werke AG of intellectual property relating to its technical tube business, along with the sale by Wolverine of its interests in existing joint ventures with Wieland-Werke AG.
  • Polar acquires Beall's parts and services divisionJones Day represented Polar Corporation in its acquisition of Beall Corporation's parts and services division through a section 363 bankruptcy sale.
  • The following represents experience acquired prior to rejoining Jones Day.

    Represented General Electric in connection with the sale of its health care technology unit to Veritas Capital for $1.05 billion.

    Advised Wynnchurch Capital in connection with the acquisition of Anderson Metals.

    Represented Atlantic Packaging Products in its acquisition of York Container Company.

    Represented Extreme Plastics Plus in the sale of its assets via a 363 bankruptcy sale.

    Advised Cortec Group in connection with the acquisitions of Window Nation LLC and EVP EyeCare, and the sale of Cranial Technologies.

    Advised EVP EyeCare in its acquisition of Swagel-Wootton Hiatt Eye Center.

    Advised Pfingsten Partners in connection with the acquisition of Kith Kitchens.

    Advised Garrison Investment Partners in connection with its sale of Premier Trailer Leasing.

    Represented ATI Physical Therapy, an Advent International portfolio company, in connection with numerous acquisitions.

    Represented Millennium Trust Company in its acquisition of InspiraFS, Inc.

    Represented Trust Company in its sale to Parthenon Capital Partners.

    Advised Ship Supply International in connection with numerous acquisitions.

    Represented HIG Capital in its acquisition of Ship Supply.

    Wolters Kluwer Health on its $150 million acquisition of Learner's Digest International.

    Advised WP Global Partners in connection with minority and venture capital investments.

    Assisted an Italian franchisee on a master franchise agreement with a U.S. public company that provides the franchisee with exclusive franchise rights in Italy.

    Additional Publications

    Publications Prior to Jones Day

    Winter 2016  
    Becoming Part of Something Bigger, ATI Physical Therapy Partner Connections

    Speaking Engagements

    • December 2018
      A Brave New World: M&A Trends in 2018 and Beyond, Jones Day CLE Academy
    • June 2018
      MBA in a Day: Panel on Diversity and Communications between Law Firms and Clients
    • Fall 2011
      Adjunct Professor, The Ohio State University College of Law

    Speaking Engagements Prior to Jones Day

    February 2018
    National Association of Women Lawyers (Women in Corporate Transactions Affinity Group), Fraud in M&A Transactions

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