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

  • 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.
  • Toyota Tsusho sells 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 sells 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.
  • PGT Innovations to acquire NewSouth Window SolutionsJones Day is advising 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.
  • 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.
  • BBA Aviation sells Ontic for $1.365 billionJones Day advised BBA Aviation plc ("BBA") in the sale of its Ontic business to an investment fund affiliated with CVC Capital Partners for $1.365 billion.
  • High Road Capital sells portfolio company Banner Solutions to Tailwind CapitalJones Day represented High Road Capital Partners in connection with the sale of portfolio company Banner Solutions, a leading wholesaler of door hardware, to Tailwind Capital.
  • Riverside sells CTI Holding Company to Fortive CorporationJones Day advised The Riverside Company in connection with its sale of CTI Holding Company to Fortive Corporation.
  • 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.
  • Riverside sells ProSites to Rockbridge Growth EquityJones Day represented The Riverside Company in connection with the sale of digital marketing provider ProSites, Inc., to Rockbridge Growth Equity.
  • Conagra Brands sells Direct Store Delivery snacks business to Utz Quality Foods, LLCJones Day advised Conagra Brands, Inc. in connection with its divestiture of its Direct Store Delivery snacks business to Utz Quality Foods, LLC.
  • PPC Flexible Packaging acquires Popular Ink, LLCJones Day represented Morgan Stanley Capital Partners and its portfolio company, PPC Flexible Packaging, LLC, in PPC's acquisition and related financing of Popular Ink, LLC, a leading provider of custom printed flexible packaging for the consumer products market throughout the United States.
  • Integrated Power Services acquires Excel Apparatus ServicesJones Day represented Integrated Power Services Holdings, Inc., a leading provider of electric motor and generator repair services, in connection with its acquisition of Excel Apparatus Services, Inc., an industrial and marine equipment repair company specializing in on-site and in-shop services for motors, pumps, and switchgear.
  • 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.
  • High Road Capital portfolio company acquires Eco ChemicalJones Day represented High Road Capital Partners in connection with the acquisition and related financing by portfolio company U-C Coatings of Seattle, Washington-based Eco Chemical, a leading manufacturer of water-based stains and coatings used on pressure treated wood and in the manufacturing of wood products such as fencing, decks, and exteriors.
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