Timothy M. Sullivan

About

Timothy M. Sullivan is a transactional lawyer who has orchestrated numerous mergers and acquisitions. He supports public and private companies on board committee charters and day-to-day corporate governance. He manages federal and state securities, ERISA, tax, labor, and environmental compliance on the deals he handles. He earned his JD from Loyola University Chicago School of Law in 1975. He has served as issuer's counsel and underwriter's counsel on public offerings and private placements. He previously chaired the firm's mergers and acquisitions practice.

Who is a good fit for Timothy M. Sullivan

• Owners of privately held companies planning a merger or an acquisition.
• Directors of publicly traded companies completing an acquisition with board governance work.
• Companies formed under Delaware or Illinois law and completing a merger.

Education and admissions

Education

• Loyola University Chicago School of Law, JD, 1975
• Loyola University Chicago, B.S., 1971

Bar admissions

Illinois

Recognition

• Illinois Super Lawyers, 2005 - 2007, 2009 - 2014
• Leading Lawyer, Banking & Financial Institutions Law; Closely & Privately Held Business Law; Mergers & Acquisitions Law; Publicly Held Corporations Law; and Securities & Venture Finance Law

Specialties

Representative matters

As described on the firm’s website.

• Served as transaction counsel in a sale between a national insurance wholesaler, excess and surplus lines facility, insurance agent, and broker company.
• Assisted a $750 million NASDAQ client in a tax-free stock exchange to acquire a closely held company valued over $130 million.
• Assisted a client in its acquisition of all the stock of a NASDAQ-listed company for $430 million. ($430,000,000)
• Assisted in selling a $250 million, NASDAQ-listed holding company for $53 million following an extended, SEC-supervised proxy fight with a dissident shareholder. ($53,000,000)
• Assisted in selling two clients in a leveraged buy-out for a total of $28 million, plus the assumption of approximately $8 million in debt. The sellers, located in Iowa, process ham and turkey for major meat-packing companies. ($28,000,000, seller side)
• Structured the acquisition of an insurance agency and broker client by a financial services company for $8.5 million with a two-year payout provision providing for up to $10 million in additional compensation. In addition, the principals of the insurance agency entered into employment contracts with the buyer. The transaction was consummated as an asset sale. ($8,500,000)
• Represented a client that acquired a Chicago-area bank with assets of $85 million in a $10 million cash transaction. ($10,000,000)
• Assisted a home health care client in a $12 million acquisition of all the stock of a Mississippi-based company providing home health and rural clinic services in Mississippi, Colorado, Utah, Idaho, and California. ($12,000,000)
• Assisted a client in the $33 million cash acquisition of a $200 million financial institution, which included the payment for the company’s shares and the cash out of employee stock options. ($33,000,000)

Deal profile

Typical deal size

Any deal size

Remote work

In-person / regional