Skip to Main Content

Client Success

ProSource Technologies' Corporate Spin-Off, Growth and Sale Event

December 1, 2012

ProSource Technologies, LLC is a Minnesota-based company specializing in right of way/site acquisition, disaster recovery, relocation, title, appraisal, environmental assessment and remediation, and surveying services. In 2009, one of the principal owners of ProSource approached Maslon for assistance in separating two of the company’s business divisions in a tax-free spin-off transaction. 

Subsequent to the successful spin-off transaction, Maslon assisted ProSource in crafting a shareholder agreement for its employee-owners and in reviewing contracts for a business that grew to eventually attract interest from local private equity investors. In December 2012, a team of Maslon attorneys including Leah Fleck provided counsel to ProSource in a complex transaction with a private equity firm in which ProSource owners received cash and retained a substantial equity position in the business in a tax-free rollover. Maslon was able to help ProSource negotiate the transactional structure and documentation with the private equity purchaser and a third-party lender, and complete the transaction before tax increases took effect in 2013.



DISCLAIMER

Thank you for your interest in contacting us by email.

Please do not submit any confidential information to Maslon via email on this website. By communicating with us we are not establishing an attorney-client relationship, and information you submit will not be protected by the attorney-client privilege and cannot be treated as confidential. A client relationship will not be formed until we have entered into a formal agreement. You should also be aware that we may currently represent parties whose interests may be adverse to yours, and we reserve the right to continue to represent them notwithstanding any communication we receive from you.

If you would like to discuss possible representation, please call one of our attorneys directly or use our general line (p 612.672.8200). We can then fully discuss our intake procedures and, if appropriate, introduce you to an attorney suited to assist with your matter. Alternatively, you may send us an email containing a general inquiry subject to these terms.

If you accept the terms of this notice and would like to send an email, click on the "Accept" button below. Otherwise, please click "Decline."