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David Hughes Named Vice Chair of the ABA State and Local Tax Committee07/27/2021

David Hughes was named Vice Chair of the American Bar Association's State and Local Tax Committee. Founded in 1878, the ABA is committed to advancing the rule of law across the United States and beyond by providing practical resources for legal professionals, law school accreditation, model ethics codes and more. David advises Fortune 500 companies, privately-held companies, middle-market businesses and…

Client Success: HMB Congratulates Everywhere Wireless on Growth Capital Investment with Boston-based Private Equity Firm07/23/2021

HMB would like to congratulate Everywhere Wireless, a preeminent Internet service provider in Chicago, and CEO and Founder Keegan Bonebrake and the rest of the Everywhere Wireless team on a successful investment round with M/C Partners ("M/C"), a Boston-based communications and technology focused private equity firm. Everywhere Wireless, one of the largest private Internet Service Providers to multi-family and commercial…

Attorneys in Action: Keith H. Berk and John R. Wiktor Give Back with Northmoor Education Foundation07/15/2021

Northmoor Education Foundation awarded $77,000 of college scholarships to 11 outstanding Northmoor employees. The Northmoor Education Foundation (NEF) was founded in 2018 to assist Northmoor Country Club employees, caddies and their children who plan to continue their education in college or vocational school programs. Scholarships are offered each year for full-time or part-time study at accredited institutions of the student’s…

Client Success: Lindenmeyr Munroe Obtains $1M Judgment Plus 5% Prejudgment Interest Per Annum07/14/2021

HMB assisted its client, Central National Gottesman, Inc. d/b/a Lindenmeyr Munroe ("LM") in obtaining a judgment against J.S. Paluch, Inc. in the amount of $1,013,476.19 plus 5% prejudgment interest per annum. HMB initiated litigation on behalf of Lindenmenyr Munroe in late 2019 seeking judgment in its favor for unpaid invoices and breach of a promissory note. The complaint alleged two…

Client Success: Innvision Hospitality Collects Texas Judgment07/13/2021

On October 23, 2018, Innvision Hospitality ("the defendant") obtained a judgment against Snowhite Textile ("Snowhite") for $250,000. The judgment became final on February 2, 2021. HMB's Litigation team, led by Rick S. Rein and Marla M. Izbicky, was brought onto the case on March 30, 2021 because the defendant's company and assets were located in Illinois. The judgment was registered in…

In Remembrance of Joshua J. Haberkorn06/30/2021

It is with great sadness that we inform you of the untimely passing of our dear friend and colleague, Joshua Haberkorn. Josh passed away on June 24th at the age of 31 after a long and heroic battle with cancer. Josh was a talented attorney with an incredible work ethic and a contagious smile. Josh started at HMB as a…

Client Success: Dunes Point Capital, LP Announces Specialty Products and Insulation’s Acquisition of NewStar Solutions Inc.06/30/2021

Specialty Products and Insulation (“SPI”), a portfolio company of Dunes Point Capital, LP (“DPC”), has acquired the assets of NewStar Solutions Inc. (“NewStar”).

Jordan M. Goodman Discusses Key Measures Passed by Illinois Lawmakers in “Key State Business Tax Legislation To Know From 2021” with Law36006/30/2021

Read the full article by Law360 here (subscription required). In a year when states focused on shaking off the effects of the coronavirus crisis, some changed business tax regimes to build their coffers while others, flush with federal pandemic relief cash, advanced significant tax cuts. An Illinois budget bill signed into law by Gov. J.B. Pritzker pauses the phaseout of…

Client Success: Social Storytelling Platform PechaKucha Raises $2.7M in Seed Funding06/29/2021

HMB would like to congratulate PechaKucha, a social storytelling platform that has been used by millions of people across the globe, and CEO and Co-founder Sean Smyth and the rest of the PechaKucha team on a $2.7 million Seed funding round. PechaKucha, based in Chicago and Tokyo, is a fast-growing storytelling platform used by millions of people across the globe. Content creators, schools,…

Client Success: Dunes Point Capital, LP Announces Best in Class Technology’s Acquisition of Thayer Corporation and Dyer Service06/21/2021

Best in Class Technology Services ("BCTS"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired Thayer Corporation and Dyer Service. Headquartered in Birmingham, AL, BCTS is a provider of commercial HVAC aftermarket services including maintenance, repair and project work. BCTS has 14 locations across seven states and employs over 500 people. For more information, please visit Vulcan Mechanic…

Client Success: HMB Represents Parkonect in Sale to Leader in Flexible Technology Solutions for Urban Real Estate06/21/2021

HMB would like to congratulate Parkonect, a cloud-born, mobile-first parking technology company delivering Parking Access and Revenue Control, and its CEO Harlan Karp and the Parkonect team on a successful sale to FLASH, a leader in flexible technology solutions for urban real estate. Parkonect helps properties by facilitating connectivity and mobility in parking assets via real-time intelligence and digital commerce…

Client Success: Dunes Point Capital, LP Announces Hy-Tek’s Acquisition of BP Controls06/21/2021

Hy-Tek Holdings ("Hy-Tek"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired BP Controls Inc. and Nogol Electric LLC (collectively "BP Controls"). Located in Columbus, OH, Hy-Tek Holdings is a material handling automation integrator serving clients in diverse end markets and applications, including ecommerce, third party logistics and parcel. DPC was represented by HMB’s Private Equity Team. Tax Partner Kenneth…

Marla M. Izbicky Published in “Civil Litigation, Conversations with the Bench” by the Women’s Bar Association of Illinois06/16/2021

Read the full article here by WBAI here. In "Civil Litigation, Conversations with the Bench", Marla M. Izbicky interviews Hon. Judge Diane M. Shelley to pick her brain for advice and insight, as well as discuss what impact the COVID-19 pandemic has had on the courts and litigation. Below are a few questions from the article by the Women's Bar…

HMB welcomes Kynat Akram, Leah Beukelman and Joseph Franke into the 2021 Summer Law Clerk Program06/16/2021

HMB is proud to welcome Kynat, Leah and Joseph into its 2021 Summer Law Clerk Program! The program offers professionals who are motivated to solve interesting problems and driven to make a difference for clients the opportunity to learn more about which practice areas interest them while building their professional network. Working close with associates and senior partners, Kynat, Leah…

In Remembrance of John W. Guzzardo06/11/2021

It is with great sadness that we inform you of the untimely passing of our dear friend and colleague, John Guzzardo. John passed away on Friday, June 4th at the age of 49 due to a car crash while on vacation with his family in …

Samantha K. Breslow Discusses Illinois Lawmakers Approving Budget with GILTI Addback with Law36006/02/2021

In an article by Law360, Samantha K. Breslow discusses Illinois Lawmakers approving the budget with GILTI addback. Read the full article by Law360 here. Illinois would require an addback for certain global intangible low-taxed income deductions, halt a phaseout of its franchise tax and temporarily cap net operating loss deductions under a $42.3 billion fiscal year 2022 budget that lawmakers…

Client Success: HMB Represents Spraoi in Sale to Global Market Leader in Core Systems for Life, Accident and Health Insurance05/13/2021

HMB would like to congratulate DigIn Technologies, LLC d/b/a Spraoi, a leading provider of machine learning capabilities for the Group Life and Employee Benefits industry, and its Co-Founders Karan Mishra, Matthew O’Mara and Santoash Rajaram, on a successful sale to FINEOS Corporation, a global market leader in core systems for life, accident and health insurance. Spraoi is an insurance technology…

Client Success: HMB Represents Kuur Therapeutics Inc. in Sale to Global Biopharmaceutical Company05/12/2021

HMB congratulates client Kuur Therapeutics Inc. ("Kuur"), a clinical-stage biopharmaceutical company focused on the development of off-the-shelf CAR-NKT cell immunotherapies for the treatment of solid and hematological malignancies, and its CEO Kevin S. Boyle, Sr., on a successful sale to Athenex, Inc. ("Athenex"), a global biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies for the treatment…

Marilyn A. Wethekam Featured in State Tax Notes Article, “Marilyn Wethekam: A SALT Trailblazer Who’s Paid the Cost”05/10/2021

Read the full article by State Tax Notes written by Doug Sheppard here. In one of the most famous scenes from The Blues Brothers, Sister Mary Stigmata doles out rapid-fire corporal punishment with a ruler on Jake and Elwood Blues, then breaks it on Elwood's head before Jake crashes down an adjacent flight of stairs in the ensuing chaos. “Get out! And don’t come back until you’ve redeemed yourselves,”…

Client Success: Svoboda Capital Announces Partnership with Marcus Thomas04/27/2021

Svoboda Capital Partners ("SCP"), a private equity firm, announced its recapitalization of Marcus Thomas LLC ("MT"), a full-service marketing and advertising agency. HMB represented SCP in the recapitalization. Financial details of the transaction were not disclosed. SCP is a Chicago-based private equity firm that invests in leading middle market growth companies. Founded in 1998, the SCP team has more than…

Chris T. Lutz Discusses the PepsiCo Unitary Group and the Illinois Tribunal with State Tax Notes04/26/2021

In "PepsiCo Unitary Group Includes Member, Illinois Tribunal Says" Chris T. Lutz discusses the ruling with State Tax Notes. Read the full article by State Tax Notes here. The Illinois Tax Tribunal ruled that a member of PepsiCo’s business group is a company conducting business within the United States, and its income is included in the unitary group’s income. The…

Client Success: HMB Represents Vetspire in Sale to Industry Leading Veterinary Management Group Pathway Vet Alliance04/26/2021

HMB would like to congratulate Vetspire, an artificial intelligence veterinary medical record and practice management platform, and founder Sam Ginn on a successful sale to Pathway Vet Alliance ("Pathway"), an industry leading veterinary management group serving pets and their parents at more than 400 locations throughout the U.S. Terms of the acquisition were not disclosed. Founded in 2017, Vetspire’s software…

Jordan M. Goodman Named to Law360’s 2021 Tax Authority State & Local Tax Advisory Board04/20/2021

Law360 named Jordan M. Goodman as a part of the 2021 State & Local Tax editorial advisory board. The board provides feedback on Law360's coverage and expert insight on how best to shape future coverage. On the board with Jordan is Alvan L. Bobrow of Barton LLP, John Fletcher of Jones Walker LLP, Richard Jones of Sullivan & Worcester LLP,…

Client Success: HMB Represents Lightstream in Sale to UK-based Publicly Traded Company Vitec Group04/15/2021

HMB would like to congratulate Lightstream and its CEO and Co-founder Stu Grubbs, COO and Co-founder Aaron Hassell, CCO and Co-founder Ryan Forquer and Principal Engineer and Co-founder Dan Trocchio on a successful sale to Creative Solutions, a division of Vitec Group, a UK publicly traded company on the London Stock Exchange. Lightstream is a US-based tech company that builds…

Client Success: Dunes Point Capital, LP Announces Premium Label & Packaging Solutions’ Acquisition of Label Graphics Manufacturing, Inc.04/15/2021

Premium Label & Packaging Solutions, LLC ("PLPS"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired Label Graphics Manufacturing, Inc. ("LGM"). Headquartered in Rye, NY, PLPS is a group holding company for specialty label converters producing custom pressure-sensitive labels, shrink sleeves and related packaging products for the health, wellness, personal care, food and beverage and other markets. DPC…

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