CLIENT SUCCESSES

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Jacobs Trading, LLC: Closing a $170M Business Deal for Client
Jacobs Trading, LLC was an industry leader in the resale of salvage and liquidated goods. In October 2011, Jacobs tapped Maslon to represent it in its eventual sale to Liquidity Services, Inc. (NASDAQ: LQDT), a publicly traded leading provider of online marketplaces and integrated services. Barry Gersick and Brad Pederson represented Jacobs in the sale of its assets, resulting in proceeds of $170 million.

The transaction required Barry and Brad to negotiate the terms in which Jacobs would receive cash, a promissory note, LQDT stock, and performance-based consideration. Barry and Brad were assisted by other members of Maslon’s Business & Securities Group to successfully deal with Hart-Scott-Rodino antitrust notifications and public securities law issues.

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