Patrick B.O'Brien

Partner

New York + 1.212.326.3678

Patrick O'Brien's practice focuses on providing clients worldwide with U.S. federal income tax advice in connection with structuring and implementing a variety of corporate and partnership transactions in a tax-efficient manner. His experience includes taxable and tax-free acquisitions and dispositions, complex capital restructurings, partnership formations and capitalizations, joint ventures, debt instruments and derivatives, foreign currencies, energy tax credits, real estate transactions, and foreign investments in the United States.

Patrick has extensive experience in the funding, formation, operation, and dissolution of partnerships, limited liability companies, and other business arrangements classified as partnerships for U.S. federal income tax purposes, including the use of partnership vehicles in private equity, M&A, and restructuring transactions (both U.S. and cross-border). He has counseled clients across a broad range of industries, including Bank of America, Celgene Corporation, EagleTree Capital, Goode Partners, Ospraie Management, Procter & Gamble, and The Riverside Company.

Patrick is a member of the New York State Bar Association and has been recognized as a "Rising Star" by New York Super Lawyers.

Experience

  • Blue Point Capital Partners acquires Stax Inc.Jones Day represented Blue Point Capital Partners in connection with the acquisition and financing of Stax Inc., an analytically-driven M&A strategy consulting firm that specializes in commercial due diligence, value creation and exit planning analyses for investment banks, private equity firms, and PE-backed companies.
  • American Pacific Group portfolio company acquires TruSkinJones Day advised American Pacific Group, a San Francisco-based private equity firm, in connection with the acquisition and financing by portfolio company Wellbeam Consumer Health of TruSkin, a leading skincare brand.
  • Asbury Automotive Group to acquire Larry H. Miller Dealerships and Total Care Auto for $3.2 billionJones Day is advising Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., in its acquisition of Larry H. Miller Dealerships, and Total Care Auto, Powered by Landcar for $3.2 billion.
  • DMI secures strategic investment from OceanSound PartnersJones Day advised DMI in its strategic investment from an affiliate of OceanSound Partners, LP.
  • Pacific Avenue Capital Partners completes continuation vehicle investment with Emerald TextilesJones Day advised Pacific Avenue Capital Partners, LLC in the new capital raise to purchase Emerald Textiles, the leading provider of fully outsourced healthcare linen management services in the Western United States, from existing limited partner investors through a continuation vehicle.
  • SER Capital Partners invests $82 million in Brightcore EnergyJones Day represented SER Capital Partners in its $82 million investment in Brightcore Energy, a clean energy and efficiency as a service company serving commercial, industrial, and institutional real estate owners.
  • Red Stone and its affiliates sell its business to Ready Capital CorporationJones Day represented Red Stone and its affiliates in the sale of its business to Ready Capital Corporation.
  • NEP acquires Prysm Collective, Lux Machina And Halon EntertainmentJones Day advised NEP Group in the acquisition of Prysm Collective, Lux Machina and Halon Entertainment.
  • Axion BioSystems completes sale of company to Summa EquityJones Day advised Axion BioSystems, Inc., a leading provider of MEA and impedance technology for single-cell analysis, in its sale of the company to Summa Equity.
  • Delaware North launches Gamewise joint venture partnership for sports betting and iGamingJones Day advised Delaware North in the formation of a joint venture with leading Belgian gaming and sports betting partner, GAMING1, for sports betting and iGaming.
  • UnifyHR sells company to AscensusJones Day advised UnifyHR LLC in its sale to Ascensus Group LLC.
  • Cypress Group sells majority stake to Milestone PartnersJones Day advised Cypress Group Holdings, Inc., a property and casualty insurance holding company with wholly-owned downstream operating entities in Florida, Texas, Louisiana and South Carolina, in the sale of the majority of Cypress and certain affiliated companies to funds managed by Milestone Partners.
  • Noble Environmental acquires GFL landfills, collection assets in Pennsylvania and MarylandJones Day advised Noble Environmental Inc. in the acquisition of multiple disposal, transfer and collections assets in Pennsylvania and Maryland from GFL Environmental Inc.
  • Refrigeration Sales Corporation sells company to Rotunda Capital PartnersJones Day advised Refrigeration Sales Corporation in its sale of the company to Rotunda Capital Partners.
  • U.S. Steel sells Transtar, LLC to Fortress Transportation and Infrastructure Investors for $640 millionJones Day represented United States Steel Corporation, an integrated steel producer with major production operations in the United States and Central Europe, in connection with the sale of its wholly owned short-line railroad subsidiary, Transtar, LLC, to a subsidiary of Fortress Transportation and Infrastructure Investors LLC for $640 million.
  • Riverside acquires ToolWatchJones Day represented The Riverside Company in connection with its acquisition of ToolWatch, a leading provider of tool and equipment tracking and operations management software for the construction, utilities, and oil and gas industries.
  • 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.
  • Koch Equity Development acquires Transaction Network ServicesJones Day advised Koch Equity Development LLC, the acquisition and investment subsidiary of Koch Industries, Inc., in the acquisition of Transaction Network Services, Inc. (TNS) from affiliates of Siris Capital Group, LLC and TNS' other minority equity holders.
  • Hornblower Group acquires WalksJones Day advised Hornblower Group, Inc. in its acquisition of Walks, a technology-enabled services platform for sightseeing tours and travel activities.
  • Riverside portfolio company acquires PPM Advisory Group and OrtleyBioJones Day represented The Riverside Company in connection with the acquisition by portfolio company Red Nucleus of PPM Advisory Group and OrtleyBio, leading providers of scientific operations and communications services to global biopharmaceutical companies and brands, with a primary focus on oncology and hematology therapeutic areas.