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 M&A and securities partner Michael Gilligan, investment management partner John Mahon, M&A and securities special counsel Xavier Kowalski and associate William Tevlin. The team also included investment management associates Karen Spiegel and Yehuda Ness; tax partner Dan Kusnetz and associate Philip Cooke; and employment & employee benefits partner Ian Levin.