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

  • Sensata Technologies acquires DynapowerJones Day is advising Sensata Technologies (NYSE: ST), a leading industrial technology company and provider of sensor-rich solutions and insights for customers, in connection with its acquisition of Dynapower Company, LLC, a leading provider of energy storage and power conversion systems, from private equity firm Pfingsten Partners for $580 million in cash.
  • EagleTree backed companies, Arc and The Channel Company, acquire Incisive MediaJones Day advised EagleTree portfolio companies, Arc and The Channel Company, in the acquisition of Incisive Media.
  • J.F. Lehman portfolio company acquires InlinerJones Day advised long-standing client J.F. Lehman & Company, a leading mid-market private equity firm focused on the defense, aerospace, and maritime sections, in connection with the acquisition by portfolio company Inland Pipe Rehabilitation of Inliner, a leading, vertically integrated provider of trenchless pipe rehabilitation solutions addressing wastewater and storm water infrastructure, from Granite Construction Incorporated.
  • Goode Partners invests in JOCKO FUELJones Day advised Goode Partners LLC in its $30 million minority investment in JOCKO FUEL, a disruptive and rapidly-growing provider of premium sports and lifestyle nutritional products.
  • American Industrial Partners portfolio company Vertex to merge with VectrusJones Day is advising Vertex Aerospace, a portfolio company of American Industrial Partners, in its stock-for-stock merger with Vectrus, Inc. (NYSE: VEC), at an implied value for Vertex of approximately $2.1 billion.
  • EagleTree Capital portfolio company acquires bChannelsJones Day advised EagleTree Capital in connection with the acquisition and financing by portfolio company The Channel Company of bChannels, a leading global marketing and data services agency specializing in the technology channel.
  • J.F. Lehman portfolio company acquires Tube TechJones Day advised long-standing client J.F. Lehman & Company, a leading mid-market private equity firm focused on the defense, aerospace, and maritime sections, in connection with the acquisition by portfolio company Integrated Global Services, Inc., a leading provider of thermal spray and other surface protection solutions, of international cleaning and inspections solutions provider, Tube Tech.
  • Major distributor of alcoholic beverages amends and extends $150 million revolving credit facilityJones Day represented a major distributor of alcoholic beverages in connection with an amendment and extension of its $150 million revolving credit facility.
  • Follett Corporation acquired by private investor groupJones Day advised Follett Corporation in the sale of its corporate entity as well as Follett Higher Education, the company’s collegiate retail and Follett ACCESS business, to a group of private investors led by Jefferson River Capital LLC, a private investment company controlled by the James family.
  • Goode Partners acquires ReadyWiseJones Day advised Goode Partners in the acquisition and financing of ReadyWise, the leader in emergency food preparedness.
  • American Industrial Partners acquires RelaDyne, Inc.Jones Day advised American Industrial Partners in its acquisition of RelaDyne, Inc., a leading distributor of lubricant, fuel, and diesel exhaust fluid providing customers with integrated reliability management services for industrial and commercial businesses, from Audax Private Equity.
  • Hard Rock International acquires The Mirage Las Vegas Hotel and CasinoJones Day is representing Hard Rock International (Hard Rock) on the acquisition of The Mirage Las Vegas Hotel and Casino in Las Vegas from MGM Resorts International.
  • Hard Rock Northern Indiana enters into $450 million credit facilityJones Day represented Hard Rock Northern Indiana in connection with a $450 million senior secured credit agreement consisting of a $35 million revolving credit facility due 2026 and a $415 million term loan B due 2028.
  • Sensata Technologies acquires Sendyne CorpJones Day advised Sensata Technologies in its acquisition of Sendyne Corp, a leader in the development and deployment of innovative computer chips and modules for electric vehicles, charging stations, and stationary battery storage.
  • American Industrial Partners subsidiary Vertex Aerospace announces acquisition of Raytheon Technologies' Defense Training and Mission Critical Solutions business linesJones Day advised American Industrial Partners in the acquisition by portfolio company, Vertex Aerospace, of Raytheon Technologies' Defense Training, Professional Services, Mission Critical Solutions, and Modernization and Sustainment business lines.
  • Husqvarna acquires Orbit IrrigationJones Day advised Husqvarna AB on the acquisition of Lunar Holding Corporation ("Orbit Irrigation") for $480 million in cash.
  • Ensign-Bickford Industries acquires Cawood Scientific LimitedJones Day advised Ensign-Bickford Industries, Inc. on its acquisition of Cawood Scientific Limited (Cawood).
  • EagleTree Capital acquires The Channel CompanyJones Day advised EagleTree Capital in the acquisition and financing of The Channel Company, a leading provider of business services for the IT sector, from Stone-Goff Partners.
  • Follett Corporation divests Baker & Taylor division to private investor groupJones Day advised Follett Corporation in its divestiture of its Baker & Taylor division, the world's premier distributor of physical and digital books and services to public and academic libraries, which will now operate as an independent, privately-owned entity group led by Baker & Taylor's President and CEO Aman Kochar.
  • The Duchossois Group sells The Chamberlain Group LLC to BlackstoneJones Day advised The Duchossois Group, Inc. in the sale of The Chamberlain Group LLC, a global leader in smart access solutions, to private equity funds managed by Blackstone.
  • 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