Schulte is advising 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. with an anticipated enterprise value in excess of $1 billion. The transaction will build 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. It is expected to close in June 2018.
The Schulte team representing Priority Holdings is led by M&A and securities partner Michael Gilligan, investment management partner John Mahon and M&A and securities associate Audra Dowless. The team also includes M&A and securities special counsel Xavier Kowalski and associate William Tevlin; tax partner Dan Kusnetz and associate Philip Cooke; investment management associates Karen Spiegel and Yehuda Ness; and employment & employee benefits partner Ian Levin.