William A.Herzberger (Will)

Partner

Cleveland + 1.216.586.7082

Will Herzberger has 30 years of experience advising clients on complex commercial, industrial, mining, and multifamily real estate transactions. His experience includes real estate finance, real estate assets in bankruptcy/distress business cases, and advising on the structure and formation of entities for real estate-related activities. Will leads the Real Estate Practice in Jones Day's Cleveland Office and is the Cleveland Office Coordinator for Pro Bono and Public Service Activities.

Will recently advised Cleveland Clinic in connection with its politically charged redevelopment of a regional hospital into a new $35 million Family Health Center. He also advised top level ownership of a national multifamily housing developer on a plan of sweeping changes to anticipate a future succession of management to the next generation of family ownership. Will's distressed real estate experience includes advising Chrysler LLC with respect to the disposition of its real estate assets in bankruptcy; assisting International Steel Group on its acquisitions of bankrupt Acme Steel, Bethlehem Steel, Georgetown Steel, and Weirton Steel; and advising National City Bank on a bulk disposition program of hundreds of foreclosed (REO) properties. He also has significant experience coordinating real estate aspects of M&A transactions for both strategic and financial purchasers and represents industrial and office facility tenants in leasing transactions.

Will serves on the board of directors as well as the Development and Investment Committees for a community-based nonprofit hospice provider, Hospice of the Western Reserve (the sixth largest nonprofit hospice in the United States and third largest nonprofit organization in Northern Ohio).

Experience

  • Affiliate of Selman & Company sells former headquarters building at 6110 Parkland Blvd., Mayfield Heights, OhioJones Day advised an affiliate of Selman & Company on the sale of a former headquarters building at 6110 Parkland Blvd., Mayfield Heights, Ohio to Mayfield Heights Parkland LLC.
  • Blue Sea Capital sold NSi Industries to Odyssey Investment PartnersJones Day advised Blue Sea Capital LLC on its sale of NSi Industries, LLC to Odyssey Investment Partners.
  • Riverside acquires National FlavorsJones Day represented The Riverside Company in connection with its acquisition of National Flavors LLC, a Michigan limited liability company engaged in the business of formulating and producing artificial and natural liquid flavors, extracts, variegates and colors for frozen desserts and dairy products, baked goods, confections, processed fruits, beverages, and other product categories.
  • Integrated Power Services acquires Precision Electric Motor WorksJones Day represented Integrated Power Services Holdings, Inc., a leading provider of electric motor and generator repair services, in connection with its acquisition of Precision Electric Motor Works, Inc., an industrial equipment repair company specializing in on-site and in-shop services for motors, pumps, fans, and blowers.
  • Tinubu® Square acquires U.S. company eSURETY®Jones Day advised Tinubu® Square in its acquisition of U.S.-based eSURETY®, a cloud-based specialty software provider, enabling carriers, brokers, and MGAs to securely apply, quote, bond, issue, and support every form of surety as well as offering a powerful direct-to-the-consumer experience on any device from any browser, anywhere in the world.
  • FlaglerCE sold assets to Alta Equipment Holdings Inc.Jones Day advised FlaglerCE Holdings, LLC in the sale of substantially all of its assets to Alta Equipment Holdings Inc.
  • PGT Innovations acquires NewSouth Window SolutionsJones Day advised PGT Innovations, Inc., a national leader in premium windows and doors, including impact-resistant products, in connection with its $92 million cash acquisition of NewSouth Window Solutions, subject to adjustments.
  • Morgan Stanley Capital Partners portfolio company acquires iMark MoldingJones Day represented Morgan Stanley Capital Partners in connection with the acquisition and related financing by portfolio company Comar Holding Company, LLC of iMark Molding, LLC ("iMark") from the original iMark founders.
  • Resilience Capital portfolio company merges business operations with those of Maysteel IndustriesJones Day represented Resilience Capital Partners LLC in connection with the merger of business operations of portfolio company, Porter's Group LLC, with those of Maysteel Industries, LLC, creating a leading custom sheet metal fabricator serving a number of industries.
  • Resilience Capital portfolio company acquires Customer Technology Center Michigan of Delphi TechnologiesJones Day represented Resilience Capital Partners LLC in connection with the acquisition by portfolio company Trialon Corporation of Customer Technology Center Michigan of Delphi Technologies.
  • Blue Point Capital Partners acquires Specialized Waste SystemsJones Day represented Blue Point Capital Partners in connection with the add-on acquisition and related financing for its Fund IV portfolio company, TAS Environmental Services, of Specialized Waste Systems, a provider of hazardous and nonhazardous waste management, transportation, and washout services.
  • Riverside invests in LMG HoldingsJones Day advised The Riverside Company in connection with its investment in LMG Holdings, Inc., a provider of ignition interlock devices (IIDs) used to help prevent drunk driving.
  • Toyota Tsusho sold shares in Country Pure Foods, Inc. to BPCP CPF Holdings Inc.Jones Day represented Toyota Tsusho America, Inc. and Sapporo Holdings Limited in the sale of all of the outstanding stock of Country Pure Foods, Inc. to a portfolio company of Blue Point Capital Partners.
  • TriMas sold Lamons business to First Reserve for $135 millionJones Day advised 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 to acquire Clariant color and additive masterbatch business for $1.5 billionJones Day is advising PolyOne Corporation in the $1.5 billion purchase of Clariant’s global color and additive masterbatch business.
  • Ferro Corporation to sell its global Tile Coatings Business to Lone Star FundsJones Day is advising Ferro Corporation, a leading global supplier of technology-based functional coatings and color solutions, in the sale of its global Tile Coatings Business to Pigments Spain, S.L., a portfolio company of Lone Star Funds, for $460 million in cash, with potential earnout payments of up to $32 million in cash based on the performance of the business pre-closing, subject to customary adjustments.
  • Bad Boy receives investment from The Sterling GroupJones Day advised Bad Boy, Inc., a leading manufacturer of high-performance zero-turn riding lawn mowers, in its cash and stock sale to The Sterling Group.
  • Riverside sells majority investment in n2y to Providence Equity PartnersJones Day advised The Riverside Company in connection with the sale of its majority investment in n2y LLC, a leading provider of software, curricula, and tools to the K-12 special education market, to Providence Equity Partners.
  • Shiseido acquires Drunk Elephant™ for $845 millionJones Day advised Shiseido Americas Corporation in its $845 million acquisition of Drunk Elephant™.
  • 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.
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