Blais Halpert Tax Partners LLP represented Dometic in its acquisition of Igloo Products Corp., a manufacturer of passive cooling boxes and drinkware for the outdoor market. Founded in 1947, Igloo is perceived as one of the leading manufacturers in the world with an iconic brand, a wide product range and strong consumer orientation. With 92% of net sales in the US and products available in more than 90,000 retail stores globally, Igloo also has its own fast-growing direct to consumer sales channel. The acquisition of Igloo is a major step in Dometic’s strategy to continue to grow in the outdoor industry and creates a strong base for further growth globally.

Blais Halpert Tax Partners LLP represented Syner-G Pharma Consulting, LLC in a strategic transaction with private equity firm Riverside Partners that closed on October 28. Travis Blais led Syner-G’s tax team, working closely with M&A advisory firm Network Blue, Inc., led by John Hallal. It’s the latest in a long series of buyouts, investments, financings, and other strategic transactions that Blais Halpert Tax Partners has helped close on behalf of pharmaceutical, biotechnology, and other life science industry clients.

Merger and acquisition agreements almost universally require the target or seller to deliver at closing a so-called “FIRPTA certificate” – i.e., an affidavit that either the target is not a “United States real property holding corporation” or that the seller is not a foreign person, in each case in accordance with Section 1445 of the U.S. Tax Code and the Treasury regulations thereunder.