Stephen P.Parrinello (Steve)

Partner

New York + 1.212.326.8377

From diligence and structuring through post-transaction integration, Steve Parrinello has brought creative solutions to the table when helping clients navigate byzantine tax rules in some of their most complex transactions. He also regularly advises global clients in creating and maintaining efficient cross-border arrangements, collaborating with other tax lawyers in Jones Day's offices all over the world. He is called upon regularly by clients to answer critical tax withholding and reporting questions, as well as by the Firm's litigation lawyers on the tax consequences of judgments and settlements.

Steve's experience runs the gamut, including representations of multinational corporations in billion dollar taxable and tax-free strategic acquisitions and dispositions and long-standing representations of private equity funds that focus on middle-market equity and debt investments. Steve also regularly advises tax-exempt entities on a pro bono basis, including the No Greater Sacrifice Foundation.

Experience

  • 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.
  • TopBuild acquires American Building SystemsJones Day advised TopBuild Corp., a leading installer and distributor of insulation and building material products in the United States, in its acquisition of American Building Systems Group of Companies ("ABS").
  • 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.
  • J.F. Lehman & Company acquires Trillium Engineering, LLCJones Day advised J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, on its acquisition of a substantial investment in Trillium Engineering, LLC, a leading designer and manufacturer of highly engineered camera gimbals for unmanned aerial systems ("UAS") performing mission-critical intelligence, surveillance and reconnaissance missions, from its founders.
  • Twilio acquires ValueFirstJones Day advised Twilio Inc. in its acquisition of ValueFirst Digital Media Private Limited, a leading Indian provider of digital communication solutions through telephone voice and data communications offering services in India and South-East Asia.
  • Associated Urological Specialists sold to Solaris Health Holdings, LLCJones Day advised Associated Urological Specialists, LLC, a large Chicago-based physician group specializing in comprehensive urologic care, including radiation oncology, pathology, and pharmacy, in its sale to Solaris Health Holdings, LLC, a leading national urology platform backed by Lee Equity Partners.
  • VSE Corporation acquires HAECO Special ServicesJones Day advised VSE Corporation, a leading provider of aftermarket distribution and maintenance, repair, and overhaul (MRO) services for land, sea and air transportation assets for government and commercial markets, in its acquisition of HAECO Special Services, LLC from HAECO Airframe Services, LLC, a division of HAECO Americas, in an all cash transaction.
  • J.F. Lehman & Company obtains financing for business combination of Trident Maritime Systems and Lake Shore SystemsJones Day advised J.F. Lehman & Company, a leading middle-market private equity firm focused on the aerospace, defense, maritime, government, and environmental sectors, in connection with the financing for the combination of Trident Maritime Systems and Lake Shore Systems, two formerly separate business groups.
  • American Industrial Partners to acquire High Pressure Solutions Segment of Ingersoll Rand for $300 millionJones Day is advising 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.
  • Verizon Media forms partnership with BuzzFeed to acquire HuffPostJones Day advised Verizon Media in its sale of HuffPost to BuzzFeed.
  • Playboy becomes public company by combining with Mountain Crest Acquisition Corp.Jones Day advised Playboy Enterprises, Inc. in its business combination with Mountain Crest Acquisition Corp. (Nasdaq: MCAC) ("Mountain Crest"), a publicly-traded special purpose acquisition corporation (SPAC), whereby Playboy shareholders received shares of common stock in Mountain Crest, and Mountain Crest assumed outstanding Playboy debt, for a total purchase price valued at approximately $381 million.
  • Astellas returns rights to Eligard® in Europe, Middle East, CIS, and Asia to TolmarJones Day represented Astellas Pharma Europe Ltd. in connection with a series of transactions, including the sale of related assets, in which Astellas returned its in-licensing rights to Eligard® (leuprorelin acetate for injectable suspension), a treatment for advanced prostate cancer, sold by Astellas in Europe, the Middle East, the Commonwealth of Independent States (CIS) and Asia, to Tolmar International Limited.
  • Transtar Holding Company sold to Blue Point Capital PartnersJones Day advised Transtar Holding Company, a portfolio of industry-leading automotive aftermarket and original equipment businesses with a focus on high-quality products and unmatched customer service, in the sale of majority ownership to Blue Point Capital Partners.
  • USI Insurance Services acquires Inland InsuranceJones Day advised USI Insurance Services in its acquisition of Washington-based Inland Insurance, an independent risk management and employee benefits agency.
  • Twin River Worldwide Holdings acquires three casinos from Eldorado and Caesars for $180 millionJones Day advised Twin River Worldwide Holdings, Inc. in the $155 million acquisition of Eldorado Shreveport Resort and Casino in Shreveport, Louisiana, and the MontBleu Resort Casino & Spa in Lake Tahoe, Nevada, from Eldorado Resorts, Inc., and Bally's Atlantic City Hotel & Casino in New Jersey from Caesars Entertainment Corporation and Vici Properties Inc. for $25 million.
  • J.F. Lehman & Company acquires CTS EnginesJones Day advised J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, in the acquisition of CTS Engines, LLC and CTS Testing, LLC.
  • Morgenthaler Private Equity forms MPE Partners III, L.P. and its parallel fundsJones Day represented Morgenthaler Private Equity in its fundraise and formation of MPE Partners III, L.P. and its parallel funds (collectively, "MPE") with $420.1 million in capital commitments.
  • J.F. Lehman & Company acquires ENTACTJones Day advised long-standing client J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government, and environmental sectors, in the acquisition by an investment affiliate and financing of ENTACT, LLC, a national provider of environmental remediation and geotechnical services.
  • USI Insurance Services acquires Venneberg Insurance, Inc.Jones Day advised USI Insurance Services in its acquisition of Sitka, Alaska-based insurance agency Venneberg Insurance, Inc.
  • KKR advised in Audax’s investment in Jitterbit, Inc.Jones Day advised Kohlberg Kravis Roberts & Co. L.P. in its affiliated funds' continuing investment in Jitterbit, Inc., a leading enterprise integration platform as a service provider, in connection with Audax Private Equity's November 2020 investment in Jitterbit.
  • Speaking Engagements

    • June 2015
      Mergers & Acquisitions: Dissecting the Purchase Agreement and Tracking Due Diligence, 2015 Tax Executive Institute Region III Conference, Foxwoods Resort and Casino
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