William A.Herzberger (Will)

Partner

Cleveland + 1.216.586.7082

Will Herzberger has more than 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 advised the 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 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 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 (real estate owned [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 as chair of the board of directors for a community-based nonprofit hospice provider, Hospice of the Western Reserve (the sixth largest nonprofit hospice in the United States and largest hospice in Ohio), and serves on the board of an affiliate of The Legal Aid Society of Cleveland.

Experience

  • Rester Management acquires ELAD Canada Realty for up to CA$528 millionJones Day advised Rester Management, a real estate management and development company based in Montreal, Quebec, as U.S. counsel on its acquisition of ELAD Canada Realty, a real estate development, investment, and asset management company based in Toronto, Ontario, Canada, for total consideration of up to CA$528 million, including future payments and earnouts.
  • Morgan Stanley Capital Partners acquires Nivel Parts & ManufacturingJones Day advised Morgan Stanley Capital Partners in the acquisition and financing of Nivel Parts & Manufacturing Co., LLC, a global manufacturer, distributor, and seller of aftermarket parts and accessories for niche vehicles and heavy-duty equipment.
  • Riverside Company acquires Radiant Plumbing and Air Conditioning, Inc.Jones Day represented The Riverside Company in connection with its acquisition of Radiant Plumbing and Air Conditioning, Inc., which provides maintenance plumbing, sewer, and HVAC services to nearly 12,000 residential customers annually in the Austin, Texas, metropolitan area.
  • Morgan Stanley Capital Partners portfolio company acquires Target Labels & Packaging LLCJones Day represented Morgan Stanley Capital Partners in connection with the acquisition by portfolio company, PPC Flexible Packing LLC, of North Salt Lake, Utah-based Target Labels and Packaging LLC.
  • Xact Data Discovery to sell company to Aquiline Capital PartnersJones Day is representing Xact Data Discovery, a leading international provider of eDiscovery, data management, and managed review services for major law firms and corporations and portfolio company of JLL Partners, in connection with its acquisition by Aquiline Capital Partners LLC, a New York-based private equity firm.
  • Integrated Power Services acquires Delta Electric Motors and Eastside Electric MotorsJones Day represented Integrated Power Services Holdings, Inc., a leading provider of electric motor and generator repair services, in connection with its acquisition of Delta Electric Motors and Eastside Electric Motors.
  • Medifast obtains $125 million revolving credit facilityJones Day represented Medifast, Inc., an American nutrition and weight loss company, in connection with a $125 million senior secured revolving credit facility with Citibank, N.A., as administrative agent.
  • Affiliates of American Industrial Partners obtain asset-based revolving credit facilityJones Day represented affiliates of American Industrial Partners, Gardner Denver Petroleum Pumps, LLC; Boardwalk Enterprises, LLC; and Highspeed Intermediate HoldCo, LLC, in connection with an asset-based revolving credit facility provided by Ally Bank.
  • American Industrial Partners acquires High Pressure Solutions Segment of Ingersoll Rand for $300 millionJones Day advised American Industrial Partners in its $300 million acquisition of a majority interest in the High Pressure Solutions Segment of Ingersoll Rand, a premier market leader in the manufacturing, service, and repair of high-pressure pumps and related consumables in the upstream energy market.
  • Alcoa sells rolling mill to Kaiser Aluminum for $670 millionJones Day advised Alcoa Corporation in the sale of its rolling mill business located in Warrick County, Indiana, to Kaiser Aluminum Corporation for $670 million.
  • Aesop Auto Parts acquires Wayne Auto Salvage, Inc.Jones Day advised American Pacific Group in its acquisition by operating company Aesop Auto Parts of Wayne Auto Salvage, Inc., a North Carolina auto recycling business.
  • Ferro Corporation sells its global Tile Coatings Business to Lone Star Funds for $460 millionJones Day advised Ferro Corporation, a leading global supplier of technology-based performance materials, 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.
  • LeBaronBrown Industries acquires NPS Holdings Inc.Jones Day advised LeBaronBrown Industries LLC in its acquisition of a majority interest in the NPS Towel & Tissue Division of NPT Holdings Inc., a leading towel & tissue and specialty packaging converter.
  • Signature Aviation to sell Global Engine Services business to StandardAero for $230 millionJones Day is advising Signature Aviation plc, a market-leading provider of global aviation support services, in the $230 million sale of the Engine Repair and Overhaul (ERO) business to StandardAero, a portfolio company owned by The Carlyle Group and a leading provider of maintenance, repair, and overhaul services.
  • Nordson sold screws and barrels product line to Altair InvestmentsJones Day advised Nordson Corporation in the sale of its screws and barrels product line from its polymer processing systems division to Altair Investments.
  • High Road Capital sells portfolio company General Tools & Instruments Company LLC to Worthington Industries, Inc.Jones Day represented High Road Capital Partners in connection with the sale of portfolio company General Tools & Instruments Company LLC, a provider of over 1,200 feature-rich, specialized tools with well-established brands, to Worthington Industries, Inc.
  • American Pacific Group portfolio company acquires PenetrexJones Day represented American Pacific Group in connection with the acquisition by portfolio company Wellbeam Consumer Health LLC, formerly Yukon Wellness Holdings LLC, of Penetrex, a leading joint and muscle relief and recovery brand.
  • Riverside portfolio company acquires Network Guidance 2.0 (NG2)Jones Day represented The Riverside Company in connection with the acquisition by portfolio company Logically of Network Guidance 2.0 (NG2), a Minneapolis, Minnesota, IT managed services provider serving businesses throughout the Midwest.
  • Riverside portfolio company acquires Network Support CompanyJones Day represented The Riverside Company in connection with the acquisition by portfolio company Logically of Network Support Company, an IT managed services provider serving local, national and international businesses across more than 35 industries in 36 states.
  • Riverside portfolio company acquires TriLink Saw Chain, LLCJones Day represented The Riverside Company in connection with the acquisition and financing by portfolio company Arrowhead Engineered Products, Inc. of substantially all of the assets of TriLink Saw Chain, LLC, a leading distributor of chainsaw chains, guide bars, and other accessories used in the arborist and forestry industries.
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