Dominic Totman
Partner, Attorney at Cranfill Sumner LLP
About
Dominic Totman, a partner at Cranfill Sumner LLP in Raleigh who chairs its Mergers & Acquisitions practice, helps clients buy, sell, transition, and restructure businesses of many sizes, types, and structures across industries. For buyers, he has worked on an acquisition structured as a reverse triangular merger and the stock purchase of a network of corporate food service businesses. For sellers, he led the sale of a construction-related business, negotiating seller-favorable terms, and advised a med spa owner on the sale of the business's assets. For an internal buyout in which he represented both buyer and seller, he designed a customized earnout structure. Health care is a focus of his practice: he represents dental practices, medical practices, med spas, group practices, and health care vendors. He led a dentist's purchase of a dental practice from letter of intent through closing, and he represented a group dental practice and its dentist-owners in selling a multi-location practice to a dental support organization. He also works with aircraft owners, operators, and flight schools on aircraft purchases and sales.
Who is a good fit for Dominic Totman
- Owners selling a business who need counsel for the sale, the transition, and due diligence.
- Buyers completing a purchase who want counsel to protect their interests during diligence.
- Owners transitioning a health care or dental practice who need the deal documents handled.
Education and admissions
- Education
- Campbell Law School, JD, 2012
- North Carolina State University, B.S., 2009
- Bar admissions
- North Carolina
Recognition
- Martindale-Hubbell, AV Rated
- Business North Carolina Legal Elite - Business (2026)
Specialties
Representative matters
As described on the firm’s website.
- Represented private equity buyer in the acquisition of a pharmaceutical company structured as a reverse triangular merger. Advised on tax and financial structuring, led drafting and negotiation of transaction documents, managed due diligence, and coordinated capitalization and post-closing integration. (buyer side)
- Served as part of the acquisition team representing a private equity buyer in the stock purchase of a network of corporate food service businesses. Responsibilities included document review and negotiation, and management of a comprehensive diligence process involving hundreds of customer and vendor contracts, organized through a custom matrix to identify key risks and supplemental needs. (buyer side)
- Represented dentist in the acquisition of a dental practice. Led the transaction from LOI through closing, including negotiation of transaction documents, coordination of diligence, compliance with occupational licensing board requirements, formation of the operating entity, and facilitation of closing logistics.
- Led the representation of the seller in the sale of construction-related business. Provided full-service counsel, including diligence management and negotiation of seller-favorable terms related to seller financing, rollover equity protections, and use of affiliated real estate. (seller side)
- Represented owner of a multi-location medspa in the sale of business assets. Advised on transaction structure, negotiated key deal terms, and coordinated closing. (seller side)
- Jointly represented buyer and seller in an internal buyout transaction involving both stock and real estate. Designed and implemented a customized 10-year earnout structure to balance buyer cash flow constraints and seller payment assurances. Handled all aspects of the commercial real estate transaction, including title review, document drafting, and closing coordination.
Deal profile
- Typical deal size
- Any deal size
- Remote work
- In-person / regional