Barry A. Gersick
Of Counsel
225 South Sixth Street, Suite 2900, Minneapolis, MN 55402
Overview
Barry Gersick practices in the areas of taxation, business matters, and estate planning. He has represented privately held businesses and their owners in various tax matters, including audits, tax planning, contested tax matters, estate planning, and estate and gift taxation. Barry has assisted owners of businesses in numerous acquisitions and divestitures. In 2019, he co-authored two articles published in Thomson Reuters' Practical Law that serve as Q&A guides on matters involving sales and use tax in Minnesota.
Experience
- Represented Jacobs Trading in the sale of its salvage and liquidation business to Liquidity Services, Inc., a publicly traded leading provider of online marketplaces and integrated services, in a transaction yielding cash, stock, a promissory note, and performance-based consideration proceeds of $170 million.
- Negotiated and drafted merger and acquisition documents for private transactions with values of over $200 million.
- Represented New York Stock Exchange Companies in connection with the acquisition and disposition of subsidiaries.
- With respect to tax matters, has represented individuals, partnerships, trusts, and limited liability companies in contested tax disputes involving income tax, gift tax, estate tax, and sales tax. The tax disputes have involved matters with proposed adjustments of up to $25 million.
- Has been involved in estate planning for clients with estates of over $100 million.
- Has handled contested probate and trust matters with values of assets at issue of $10 million to $15 million.
- Provided general counsel services for various private corporations with annual sales up to $1 billion.
Honors
North Star Lawyer, Minnesota State Bar Association, 2016 (North Star Lawyer is a designation that recognizes members who provide 50 hours or more of pro bono legal services in a calendar year.)
AV Preeminent, Martindale-Hubbell®