Bob Cox is the chair of the Halloran & Sage Business and Commercial Law practice areas. He represents middle-market companies and financial institutions from across the region in corporate, financing, real estate and health care transactions.
Bob understands that business goals impact a client's legal strategy. In serving his clients, he fully immerses himself in their overall business strategy and market goals. His approach includes developing a thorough understanding of the industries in which his client is involved in order to tailor appropriate legal responses. He is involved in every aspect of a client's business plan, including incorporation, capital formation, corporate governance, contract drafting, contract disputes, mergers and acquisitions, risk management and business succession planning. He establishes long-term lawyer-client relationships that are built on loyalty and maintained by his ability to anticipate issues as well as opportunities.
Bob has written and lectured on a variety of business topics on behalf of clients and various professional organizations. He is on the Board of Directors of the Greater New Haven Chamber of Commerce and active in the New Haven Regional Leadership Council, New Haven Manufacturer's Association, The Connecticut Chapter of the Association for Corporate Growth and the MetroHartford Alliance. He is a resident of New Haven and fully supportive and invested in initiatives that contribute to the region's growth and vitality.
News & Events
Business Transactions Group Year-End Transactions
The Halloran & Sage Business Transactions Group, led by partners Robert Cox and James Maher, has further cemented its status as a leader in the Greater Hartford and Greater New Haven business communities through its efficient and expert execution of an unprecedented level of diverse and complex transactions at the end of 2012.
Bob and Jim worked closely with associates Jaimee Newman, Matthew Teich and Casey O'Connell, along with legal assistants Karel Ortolani and Olivia Albanese, to close over twenty corporate and commercial transactions in December, 2012, showcasing the Halloran & Sage Business Group's proven ability to meet aggressive deadlines and produce high quality work for clients while matching up with other leading regional and national law firms. The buzz surrounding the Group's 2012 success has the firm and its business clients excited to tackle the numerous new projects that are already underway in 2013.
The diversity of the Halloran & Sage Business Group's 2012 year-end transactions, along with the sheer volume of closings, illustrates the Group's capacity to effectively represent its clients' varied needs. These transactions included business and real estate acquisitions and divestitures, strategic alliance agreements, stock redemptions, a medical office building/cancer center development, tax-driven mergers and dissolutions, business and acquisition financing, health care financing, corporate financing and loan restructures, corporate governance/gifting matters and incentive compensation/employment matters.
Bob and Jim believe that the rising profile of the Halloran & Sage Business Group in both Hartford and New Haven is being defined as the Group closes out 2012 and begins to tackle new challenges in 2013. The Group is thankful to be thriving in this challenging environment and believes that its clients are sensing a building momentum. While the strength of the corporate and commercial market remains uncertain, the volume and diversity of the Halloran & Sage Business Group's year-end transactions is a testament to its clients' belief and reliance on the professionalism and responsiveness of the Group to provide the services they need when they need them.
Business Transactions Group members have increased their involvement in major business organizations, including both the MetroHartford Alliance and the Greater New Haven Chamber of Commerce. As a Strategic Partner level-member at the MetroHartford Alliance, they are keeping abreast of economic developments in the Hartford region and also participating in the newly launched Connecticut Health Council. In New Haven, they are participating in the New Haven Chamber sponsored Regional Leadership Council which addresses the major economic and legislative issues in the region. Halloran & Sage is also pleased to be involved in a new statewide program co-sponsored by The Hartford Business Journal and the CBIA which will honor family owned businesses later this year.H & S Sponsor of the New Haven Road Race
Halloran & Sage is pleased to announce that it is a sponsor of this year's New Haven Road Race 20k & 5k event, which will be held on Monday, September 3, 2012 in Downtown New Haven. This is the 35th year of the event and a record field of 7,000 runners are expected to be on hand. The City of New Haven has hosted this event since its inception. For more information on the New Haven Road Race 20k & 5k .
A dedicated team of attorneys practice law from Halloran & Sage's New Haven office, which opened one year ago at 195 Church Street. Attorneys include Robert Cox, Brian Enright, Gerald Giaimo, James Maher, James Perito, Andrew Schaffer, Geoffrey Squitiero and Michael Leone.H & S Congratulates Dymax Corporation
Halloran & Sage attorneys Robert Cox and Henry Beck, Jr. are pleased to congratulate DYMAX Corporation, the first runner-up in the large business category of the 2005 Connecticut Family Business of the Year Awards.
Companies were judged on business success, positive family and business linkage, multi-generational family involvement, dynamic contributions to community and industry, and innovative practices or strategies.
DYMAX Corporation is a technology-based company specializing in the formulation, manufacture and service of advanced assembly adhesives, coatings, masks, and light curing systems.
Halloran & Sage is a full service law firm with offices in Hartford, Middletown, and Westport, Connecticut, and a branch in Washington, DC. Founded in 1935, the Firm's client base ranges from Fortune 500 companies to closely held businesses, institutional and private investors, governmental units, public and private universities, and other non-profit organizations.
|Reported Cases||Representative Matter: H & S Negotiates, Documents and Closes Restructuring of Joint Venture Halloran & Sage negotiated, documented and closed the restructuring of a joint venture that was necessary to allow the venture to continue to execute its growth plan. Partner Robert Cox and associate Casey O'Connell structured a unique deal that thoroughly and clearly resolved a host of issues including debt repayment, licensing, revenue sharing, asset transfers and liquidation rights. H & S Represents Regional Bank with Credit Facilities to State Family-Owned Companies Halloran & Sage represented a regional bank in the documentation, negotiation and closing of 7 separate credit facilities, including mortgage loans, revolving lines of credit, term loans and letters of credit totaling $9,462,049.27 in the aggregate, which were made to several family-owned and affiliated Connecticut ambulance and limousine service companies. The proceeds of the credit facilities were used to refinance the existing indebtedness of the companies, and will also be used going forward to finance new vehicle acquisitions and as a source of working capital. The credit facilities are secured by mortgages covering over 20 properties owned by the various entities throughout Connecticut, security interests in all business assets of the companies (including all ambulances and limousines), and equity pledges from the principals of the companies. The transactions led by business law partner Robert Cox and attorney Matthew L. Teich also required accommodating existing financing of the companies' Employee Stock Ownership Plan, which was subordinate to the People's United Bank financing. Regional Bank Represented in Loan Facilities for CT Family-Owned Business Halloran & Sage represented a large regional bank in negotiating, documenting and closing a restructuring of two separate loan facilities to a Connecticut family business. The terms of the restructuring allowed the business to avoid foreclosure while protecting the bank's long-term interests. The transaction, led by business law partner Robert Cox and attorney Casey O'Connell , involved the creation of a custom omnibus loan modification document and the resolution of various security interest issues and due diligence matters. Incentive-Based Compensation Programs Formed for Asset Investment Management Firm Halloran & Sage represented an asset investment management firm in the creation of two incentive-based compensation programs for employees of a company that the management firm's associated investment controlled. The compensation programs constructed and executed by business law partner Robert Cox and attorney Casey O'Connell were uniquely tailored to the company's structure and needs, and included employee compensation methods that were pegged to the reduction of the company's debt and indexed against the appreciation in the company's potential acquisition value. The solutions allowed the company to properly incentivize its employees while ensuring that the compensation arrangements appropriately fit into the company's complex financing structure. Manufacturing Company Represented in Asset Sale Halloran & Sage represented a Connecticut manufacturing company in the negotiation, documentation and closing of a sale of the majority of the company's assets. The complex and wide-ranging transaction led by business law partner Robert Cox and assisted by attorneys Matthew Teich and Casey O'Connell included negotiated solutions regarding the status of the company's inventory, real estate, accounts, liabilities, employment matters and contractual obligations, and was closed in time to meet a strict year-end deadline. As part of its representation of the company, Halloran & Sage also effectuated a restructuring of the company's various business entities in the immediate aftermath of the asset sale to help the company successfully manage difficult taxation issues. Business Entity Restructured after Dissolution and Merger Halloran & Sage represented a Connecticut manufacturing company in a significant restructuring of its business entities in the immediate aftermath of an asset sale. The restructuring, included the creation of a new limited liability company, the merger of a corporation with and into an LLC, and the dissolution of an existing LLC. Each step of the transaction, led by business law partner Robert Cox and attorney Casey O'Connell involved precise timing to allow the principals of the companies to successfully navigate complex taxation issues by effectuating the restructuring during the small window of time between the execution of the asset sale and the end of the calendar year. Firm Represents Regional Bank in Refinancing Credit Facility and Acquisition Halloran & Sage represented a regional bank in refinancing credit facilities previously extended to a prominent Connecticut based company, with a separate mortgage, term and line of credit loan in the aggregate amount of $35,000,000. The additional proceeds were used to finance the company's acquisition of a local competitor. Halloran & Sage, led by business law partner Robert Cox and attorney Jaimee Z. Newman successfully counseled the bank through complex questions regarding the nature and extent of the bank's rights to the unique assets owned by the company. The deal was negotiated, documented and closed within approximately 30 days, to accommodate the seller's year-end deadline. H & S Represents Large Regional Bank in Modifying and Extending Credit Facilities to Local Manufacturer Halloran & Sage, represented a large regional bank in modifying existing credit facilities, and extending an additional facility, to a Connecticut manufacturing company. The additional proceeds were used by the company to acquire new business assets. All facilities were cross-collateralized and cross-defaulted, such that the bank can look to the assets of the company and its affiliates as security for all of the loans. The deal led by business law partner Robert Cox and attorney Jaimee Newman , was negotiated, documented and closed in less than 30 days to accommodate the parties' desire for a year-end closing. Firm Represents Regional Bank in Connection with Senior Financing to CT Manufacturer Halloran & Sage represented a regional bank in connection with the making of a $2,500,000 mortgage loan and $1,500,000 revolving line of credit to a Connecticut manufacturing company engaged in designing and building test equipment for the aerospace, power generation and industrial industries. The proceeds of the mortgage loan were used to finance the acquisition of the company and the real estate serving as its principal place of business by a group of investors and a prominent venture capital firm. The revolving line of credit loans will be used to provide working capital to the company going forward. The venture capital firm also provided financing for the acquisition, which was subordinate to the banks financing. The Halloran & Sage team, led by business law partner Robert Cox and attorney Matthew Teich , documented, negotiated and closed the transactions in fewer than two weeks in order to accommodate a required year-end closing. Completion of the transactions ensures that the company will continue operations in Connecticut and provide jobs to Connecticut residents for the foreseeable future. H & S Negotiates a Complex Loan and Forward Start Swap Transaction to Capitalize on Low Floating Interest Rates A team of attorneys from Halloran & Sage Business Law Group, led by attorneys Robert Cox and Jaimee Newman , successfully counseled People's United Bank through the negotiation, documentation and closing of a financing transaction in which People's United Bank extended a first mortgage loan for the acquistion and development of a gas station and service center in New York state. In order to capitalize on the low floating interest rate environment, and to accommodate the Borrower's desire for fixed rate financing, the loan was closed, in advance of funding, together with a forward start interest rate swap. The loan proceeds were advanced, and the swap became effective, upon completion of the project. Halloran & Sage's prior experiences with such transactions enabled it to accurately document, and counsel both the bank and borrower through, the complex process. H & S Closes the Financing of 25 Group Homes Throughout the State of Connecticut Halloran & Sage represented the Connecticut Housing Financing Authority in its financing of twenty-five community residential facilities, commonly known as group homes, throughout the State of Connecticut. Each of the twenty-five transactions involved a unique and complex set of documentation, title, insurance and other due diligence matters. Through coordination with CHFA's internal team and outside bond counsel, Halloran & Sage successfully negotiated and resolved all matters to close the transactions within the requisite short term closing period. Completion of these transactions ensures that the facilities will continue to serve as group homes for those with developmental disabilities for the next three decades. The Halloran & Sage team was led by business law partner, Robert Cox , and also included real estate associate Jaimee Newman . H & S Represents a Connecticut State Housing Authority in the Financing of an Affordable Housing Complex Halloran & Sage, led by business law partner Robert Cox and real estate associate Jaimee Newman , was chosen to represent the Connecticut Housing Financing Authority in its extension of a $23,000,000 construction to term loan facility for the development of a Section 8 multifamily apartment complex in New Haven, Connecticut. The transaction involved multiple levels of financing, from various state and federal agencies, all of which were subordinate to the CHFA financing. Halloran & Sage provided counsel to CHFA on various documentation and due diligence matters, including complex title and survey, zoning and opinion issues. Closing of this transaction will allow for the construction and operation of 100 affordable housing units for residents of State of Connecticut for the next four decades. Transactional Group Counsels Bank in Modifying and Expanding Multiple Credit Facilities to a Prominent Connecticut Company Halloran & Sage represented TD Bank, N.A. in substantially modifying and expanding upon various credit facilities previously extended to a prominent Connecticut based company. In addition to providing working capital for the company, the facilities will provide financing for the construction of an addition to the company's headquarters, necessitated by a simultaneous merger transaction. To accommodate the Borrower's desire for fixed rate financing, a forward start interest rate swap was successfully completed relative to the construction facility, intended to become effective upon completion of the addition. Halloran & Sage's prior experiences with such transactions enabled it to accurately document, and counsel both the Bank and Borrower through, the complex process. The Halloran & Sage team was led by business law partner, Robert Cox , and also included real estate associate, Jaimee Z. Newman . H & S Represents Bank in the Modification of Several Credit Facilities to a Prominent Connecticut Corporation Halloran & Sage, led by business law partner Robert Cox and associate Matthew Teich , represented People's United Bank in the documentation, negotiation and closing of modifications to several existing credit facilities to a Connecticut manufacturing company. The transactions required accommodating multiple sources of financing, including the Connecticut Development Authority and capital contributions from an investor, both of which were subordinate to the People's financing. Completion of these transactions strengthens the cash position of the company amidst a struggling economy and ensures it will continue to grow and provide jobs to Connecticut residents for the foreseeable future. H & S Closes the Financing of Several Rehabilitation, Vocational and Educational Facilities for the Mentally and Developmentally Disabled Located in Connecticut Halloran & Sage represented a large regional bank in its extension of four credit facilities used for working capital, refinancing of existing indebtedness and financing of renovations for several rehabilitation, vocational and education facilities for the mentally and developmentally disabled located in Connecticut. Each of the credit facilities involved multiple interest rate options and separate sets of collateral. Halloran & Sage provided counsel to the bank on various complex security and perfection issues as well as documentation and due diligence matters. The Halloran & Sage team was led by business law partner Robert Cox and associate Matthew Teich . Transactional Team Maneuvers through Complex Tax and Environmental concerns to close a $7M Mortgage Loan Halloran & Sage represented a large Connecticut bank in closing a $7M first mortgage loan secured by property located in Wallingford, Connecticut. To address complex tax and environmental matters, and to accommodate the customer's desired use of the loan proceeds, a unique co-borrower structure was developed. Whereby both the fee owner of the property and its Principal, the originally intended payment guarantor, were co-borrowers of the loan and thus primarily liable for the debt. In addition to a first mortgage lien on the real property and related collateral, the loan was secured by a first priority lien and security interest upon certain limited liability company membership interests owned by the Principal in an affiliated entity. The Halloran & Sage team was led by business law partner, Robert Cox , and also included real estate associate, Jaimee Newman and legal assistant, Karel Gargiulo. Connecticut Properties Refinancing Matter Administered by Firm Halloran & Sage was chosen to be among six prominent Connecticut law firms to counsel a Connecticut State Housing Authority through the refinancing of, and extension of additional financing for, a fourteen property portfolio which serves as Section 8 housing throughout the State of Connecticut. Readily accommodating a year end closing date, Halloran & Sage successfully documented the restructuring and additional financing for housing developments located in New Britain, Connecticut, and Groton, Connecticut, and provided counsel to the Authority on all due diligence matters, most notably complex title issues. Completion of these transactions ensures that the developments will continue to serve as affordable housing for residents of State of Connecticut for the next four decades. The Halloran & Sage team was led by business law partner, Robert Cox , and also included real estate associates, Jaimee Newman and Matthew Teich . Multiple Loans and Multiple Borrowers Transaction A team of attorneys from Halloran & Sage Business Law Group, led by Attorney Robert Cox , successfully counseled one of New England's largest banks through the negotiation, documentation and closing of a complex financing transaction in which the bank extended four separate first mortgage loans, to four separate borrowers, each of which was cross collateralized and cross defaulted. The transaction was further complicated by the fact that the mortgaged properties were located in the State of New York, which imposes a significant mortgage tax in connection with recording. To achieve the requisite cross collateralization and cross default, while limiting the borrowers' exposure to the mortgage tax, the deal was structured to include a single mortgage encumbering all four mortgaged properties, and securing the aggregate amount of the loans, yet four individual promissory notes to which each borrower was a party. The documentation allowed for each loan to be advanced at varying times, and upon satisfaction of detailed advance conditions, and permitted the borrowers to elect the rate of interest on each loan up until the time of disbursement of the loan. Representing minority stockholders in a $15M stock purchase/leverage buyout of a $30M manufacturing company. Representing the buyer in a $10M stock purchase of a manufacturing operation with environmentally impaired assets along with completing the Department of Environmental Protection Transfer Act compliance required to close the stock purchase. Obtaining Probate Court approval and representing the estate in a stock sale of a $25M manufacturing operation to the United States subsidiary of a foreign corporation. Representing the founding stockholders of a $35M manufacturing operation in the transfer of ownership to the family's next generation of owners. Representing an international corporation in the sale and leaseback by its United States subsidiary of its manufacturing and storage facilities. Representing an international financing company in its purchase of a $40M portfolio of leveraged lease transactions. Representing a 1/3 owner of a company with $150M in sales in developing and implementing an amended and restated stockholders agreement which recast stockholder voting rights and addressed stockholder succession rights. Representing a closely held real estate development and construction companies with respect to minority stockholder attempts to coerce the companies to buy them out. Implementation of a stock option plan for the award of both qualified incentive stock options and nonqualified stock options to management employees with numerous exercise, payment and redemption options.|