(April 2, 2014, Boston, MA) — Attorneys from the law firm Sheehan Phinney Bass + Green PA assisted MRSI Systems, LLC, in its recent purchase of the MRSI Group of Newport Corporation (Nasdaq: NEWP). MRSI Systems was formed by three long – time managers of the division, which makes and sells precision equipment used in high technology manufacturing.
The transaction involved the negotiation of a purchase agreement with Newport as well as debt facilities to finance the purchase. Sheehan Phinney attorneys also worked with the founders of MRSI to structure the newly formed company.
Attorneys from Sheehan Phinney’s Corporate Group assisted MRSI and its founders in planning and implementing the purchase. Attorneys involved in the transaction included Janet B. Fierman, who worked with the founders on planning and structuring issues, Alexander H. Pyle, who advised on the purchase from Newport, and Bruce H. Bagdasarian, who led the debt financing side of the transaction.
Fierman commented, “We are delighted to see our clients successfully complete their buy out of MRSI Group . Emerging businesses like these are a wonderful engine for growth in the Massachusetts economy, and Sheehan Phinney is well positioned to assist them achieve their goals.”
Fierman’s practice focuses on Commercial Contracts, Business Litigation, Business Formation and Succession Planning, Life Science and Technology, International Law and Construction. Before joining the firm in 2008, she was one of the founding partners of the law firm Cohen & Fierman, LLP.
Pyle is a corporate lawyer with extensive experience representing established and emerging businesses in commercial and strategic transactions. His practice includes representation of companies, as well as their founders, investors and executives. Pyle has particular expertise in representing software, communications, consulting, life science and other technology-based businesses, both public and private, and also advises more traditional business enterprises. He is co-author of the book Raising Capital for the Emerging Business.
Bagdasarian, Chair of the firm’s Distressed Assets Practice Group, has a diverse commercial real estate lending and transactional practice. He has extensive experience representing lenders nationally, including bank lenders, conduit lenders and corporate lenders. He also represents landlords and tenants in commercial leasing matters, borrowers in commercial real estate financings, buyers and sellers of commercial real estate, lenders and borrowers in business financings and lenders in commercial loan workouts.