Schulte advised Priority Holdings LLC, one of the nation's fastest growing payments companies, in its definitive purchase agreement with M I Acquisitions Inc. to become a publicly traded company. Priority and M I, a special purpose acquisition company, will combine and be renamed Priority Technology Holdings Inc. The transaction builds upon Priority Holdings' growth strategy, uniquely positioning them as a highly differentiated technology platform that delivers a value-added collection of payment and business solutions. The transaction was announced in February 2018 and closed in July 2018.
The Schulte team that represented Priority Holdings was led by former Schulte lawyers Michael Gilligan and William Tevlin. The team also included investment management associate Yehuda Ness; tax partner Dan Kusnetz; employment & employee benefits partner Ian Levin; and former Schulte lawyer Karen Spiegel.