SH Attorneys Play Key Role in Business Acquisition
March 20, 2018
Team of Scarinci Hollenbeck Attorneys Led by Jeffrey K. Cassin Helps Propelics, Inc. in Sale to Anexinet Corporation
Lyndhurst, New Jersey, March 20, 2018 – Scarinci Hollenbeck is proud to announce that a team of attorneys led by Jeffrey K. Cassin, Counsel of the firm’s Mergers & Acquisitions practice group, aided the owners of Propelics, Inc. in its sale to Anexinet Corporation, a major provider of digital business solutions. According to Propelics, the acquisition will enable Anexinet to accelerate its digital capabilities with the addition of Propelics’ enterprise mobile solutions.
Founded in 2011, Propelics, Inc. established itself as a major force in enterprise mobility. Over the years, the company was able to fast-track enterprise customers for mobile success in helping develop mobile strategies and building mobile applications to simplify business processes. “By combining Anexinet’s digital and analytics capabilities with Propelics’ enterprise mobility solutions, we can now offer our customers a more comprehensive and compelling platform to enable their digital business transformation,” said Brad Hokamp, CEO of Anexinet.
“It was a pleasure to work with Jeff Cassin and his team of attorneys at Scarinci Hollenbeck who helped with this transaction and made the process as smooth as possible,” remarked Mr. Adam Bookman, one of the owners.
Given the fast-moving nature of an acquisition like this, multiple attorneys were required in order to streamline the transaction. Jeff Cassin led a distinguished team of attorneys comprised of Charles H. Friedrich, Partner and Counsel of the firm’s Corporate Transactions & Business practice group, Fred Zemel, Partner and Co-Chair of the firm’s Corporate Transactions & Business group, Frank L. Brunetti, Partner Emeritus and Chair of the firm’s Tax, Trusts & Estates group, James F. McDonough, Counsel of the firm’s Tax, Trusts & Estates group, Gary S. Young, Chair of the firm’s Employee Benefits & ERISA group and Hunain Sarwar, Law Clerk.
Jeff Cassin has assisted buyers and sellers in dozens of middle-market M&A transactions, including sales of an insurance brokerage, acquisition of a technology company and other private transactions in the last year.
To learn more about the transaction, please check out this official statement from Anexinet.