Schulte represented Cerberus Business Finance LLC and TCW Asset Management Company LLC and their respective affiliates in their acquisition of Patriot Services LLC (now known as Carrier & Technology Solutions LLC) through a Chapter 11 plan of reorganization. Carrier & Technology Solutions LLC is a national provider of comprehensive technology and outsourcing solutions to the insurance industry. The company and its subsidiaries emerged from bankruptcy on July 2, 2018.
The Schulte team advising Cerberus and TCW was led by business reorganization partner Adam Harris and former Schulte lawyer Lucy Kweskin. The team also included tax partner Kurt Rosell; bank regulatory associate Jessica Romano; employment & employee benefits partners Ian Levin and Holly Weiss, special counsel associate Adam Gartner; intellectual property, sourcing and technology special counsel Scott Kareff; and former Schulte lawyers Andrew Fadale, Eliot L. Relles, Sarah Sullivan and Joseph Vitale.