Thomas M. Welsh

Attorney Profile

Top Rated Mergers & Acquisitions Attorney in Cleveland, OH

Calfee, Halter & Griswold LLP
1405 East Sixth Street
Cleveland, OH 44114
Phone: 877-698-2527
Fax: 216-241-0816
Selected to Super Lawyers: 2014 - 2020
Selected to Rising Stars: 2013
Licensed Since: 2003
Practice Areas: Mergers & Acquisitions (80%), Business/Corporate (20%)
Attorney Profile

As a Partner and Co-Chair of Calfee's Corporate and Finance practice, Tom Welsh counsels Calfee’s private equity, publicly held and privately held clients on general corporate and business matters, mergers and acquisitions, reorganizations, joint venture transactions, capital raising and financing transactions. He assists clients in capital formation matters including venture and mezzanine capital financings.

Tom specializes in consummating mergers, acquisitions, leveraged buyouts, divestitures and joint ventures in a wide array of industries and for both public and private companies. In addition, he provides day-to-day general corporate counseling to his clients and regularly negotiates and drafts all types of commercial contractual arrangements.

In the health care industry, Tom advises hospital systems and other health care organizations, as well as early stage growth clients in the life sciences industries.

A representative list of clients with which Tom works is:

  • The J.M. Smucker Company (NYSE: SJM)
  • RPM International (NYSE: RPM)
  • Linsalata Capital Partners
  • Evolution Capital Partners
  • Park-Ohio Holdings Corp. (Nasdaq: PKOH)
  • Americhem Group
  • Covia Holdings Corp. (NYSE: CVIA)
  • The MetroHealth System
  • Akron General Health System
  • Tarkett Enterprises Inc. 
  • Chart Industries, Inc. (Nasdaq: GTLS)
  • CapitalWorks LLC
  • Watervale Equity Partners
  • Edgewater Capital Partners

Tom joined Calfee in 2003 and was elected Partner in 2012. He was elected to the firm's Management Committee in 2020.

Practice Areas
  • 80%Mergers & Acquisitions
  • 20%Business/Corporate

Selections

7 Years Super Lawyers
1 Years Rising Stars
  • Super Lawyers: 2014 - 2020
  • Rising Stars: 2013

About Thomas M. Welsh

Admitted: 2003, Ohio

Professional Webpage: https://www.calfee.com/professionals-thomas-m-welsh

Newsletters

  • The SBA has published additional guidance regarding the forgiveness of Paycheck Protection Program (PPP) loans. The new FAQs clarify previous SBA guidance, provisions of the CARES Act and the PPP loan forgiveness application., SBA Issues Additional PPP Loan Forgiveness Guidance, Corporate, Capital Markets
  • The SBA has published a new Interim Final Rule (IFR), which implements recent amendments to the Paycheck Protection Program (PPP) enacted by the Flexibility Act, and new forgiveness applications (a standard, updated version of the original application and an EZ application, which is a shortened version that can be used by borrowers that meet certain criteria), and application instructions (standard application instructions and EZ application instructions)., SBA Publishes Updated PPP Loan Forgiveness Application and Additional Guidance, Corporate, Capital Markets
  • COVID-19 has impacted the operations of all businesses and financial institutions, including registered investment advisers. In many areas, the regulators have provided additional support to help market participants address their business, operations and compliance protocols in light of the pandemic. Armed with this new guidance and other industry best practices, Calfee has prepared tips for registered investment advisers to keep in mind as they look to navigate this tumultuous time., Navigating the Impact of COVID-19 for Registered Investment Advisers, RIA, Registered Investment Advisers
  • On March 20, the Ohio Department of Medicaid (ODM) joined the Centers for Medicare & Medicaid Services in making it easier for healthcare providers to furnish services remotely to Medicaid patients during the COVID-19 public health emergency. Under OAC 5160-1-21, during the state of emergency declared by Ohio’s governor, providers may provide medical and behavioral health services to new and established patients through telehealth means without an initial face-to-face encounter., COVID-19 Telehealth Developments for Healthcare Providers – Medicaid Update, Healthcare, Health, HIPAA
  • Federal governmental agencies have made several announcements this week in an effort to remove or reduce regulatory and reimbursement barriers to healthcare providers treating patients through telehealth. Providers will be able to provide services to patients through a range of telehealth communication options, will be able to receive Medicare reimbursement for those services, and will have the option to elect not to bill those Medicare patients for their deductibles., COVID-19 Telehealth Developments for Healthcare Providers, Healthcare, Health, HIPAA

Transactions

  • The J.M. Smucker Company (NYSE: SJM): Numerous acquisitions, including its acquisition of Ainsworth Pet Nutrition Parent, LLC, maker of Rachel Ray Nutrish brand of pet food for $1.9 billion, the acquisition of the Folgers coffee business from Procter & Gamble through a Reverse Morris Trust transaction valued at more than $3 billion, the acquisition of Rowland Coffee Roasters, and the acquisition of a majority of the North American foodservice coffee and hot beverage business of Sara Lee Corporation.
  • RPM International (NYSE: RPM) and its affiliates: Numerous acquisitions and divestitures worldwide, including its acquisition of the foam division of Clayton Corporation, best known for its consumer polyurethane foam brand Touch ‘N Foam; its acquisition of Karcher North America Company’s Prochem business, a manufacturer of professional equipment and chemicals for cleaning and restoring carpet, upholstery and hard floor surfaces; its acquisition of Kirker Enterprises, a leading manufacturer of nail care enamels, coatings components and related products for the personal care industry; its acquisition of Synta, a producer and marketer of innovative exterior wood deck and concrete restoration systems; and its acquisition of Krud Kutter, a producer of cleaners and removers for residential, commercial and industrial environments.
  • Linsalata Capital Partners and its portfolio companies: Numerous transactions, including its acquisition of Spartan Foods of America, a leading manufacturer and distributor of shelf-stable pizza crusts, frozen pancakes, frozen pizzas and related products; its acquisition of Manhattan Beachwear, a leading supplier of women’s swimwear and beachwear; its acquisition and divestiture of Augusta Sportswear, a leading provider of athletic-oriented apparel, team uniforms, sportswear and other accessories; its acquisition and divestiture of Transtar, a distributor of remanufactured automotive aftermarket products; its acquisition and divestiture of Stanton Carpet, a manufacturer of decorative, high-quality branded carpet and rugs.
  • Evolution Capital Partners and its portfolio companies: Several acquisitions and divestitures, including the acquisition of Turf Ventures, an Illinois-based distributor of fertilizers, fungicides and other chemicals to the professional turf industry; the divestiture of Innerpac, a leading manufacturer and distributor of specialty and die-cut partitions and layer pads; and the divestiture of Accurate Group Holdings LLC, a technology-enabled outsourced provider of real estate transaction services to mortgage lending and loan servicing clients.
  • Park-Ohio Holdings Corp. (Nasdaq: PKOH): Acquisition of Autoform Tool & Manufacturing Inc., a leading supplier of direct injection fuel rails, high pressure inlet and crossover pipes, low pressure inlet pipes, and conventional low pressure multi-port injection fuel rails utilized by automotive and truck manufacturers; and its acquisition of the molding division of Wisconsin-based Trostel Ltd., a leading manufacturer of rubber-molded products utilizing a variety of elastomer materials and manufacturing technologies.
  • Americhem Group, a global provider of color and additive and engineered compound solutions for the polymer industry: Acquisition of Vi-Chem Corporation, a supplier of specialty engineered compounds used in injection molding, extrusion and blow molding applications; its acquisition of Infinity Compounding, a producer of filled and reinforced engineering resin compounds; and its acquisition of LTL Color, a premier compounder of custom color engineered thermoplastics.
  • Fairmount Santrol Inc. in its sale of a 51% interest to American Securities and a $775 million credit facility in connection therewith.
  • Akron General Health System in its initial affiliation with and subsequent full member substitution by The Cleveland Clinic Foundation.
  • Tarkett SA in its acquisition of Dalton, Georgia-based Lexmark Carpet Mills, a well recognized brand among leading hospitality chains and in residential markets; and its acquisition of the Tandus Group, a leading designer, manufacturer and seller of carpet flooring products and accessories.
  • Chart Industries, Inc. (Nasdaq: GTLS) and its affiliates: Numerous acquisitions, including its biomedical segment’s acquisition of Covidien Group S.A.R.L.’s (NYSE: COV) and its affiliates’ oxygen therapy business, including the manufacturing, sales and service functions from over thirty countries; its biomedical segment’s acquisition of SeQual Technologies, Inc., a leader in portable oxygen concentrators; and its distribution and storage segment’s acquisition of Cryotech International, Inc.’s cryogenic injector business.
  • CapitalWorks LLC in several acquisitions and investments, including its preferred investment in Advanced Hydro Solutions, a developer of hydro-electric projects; the acquisition of Gallo Displays, a marketing and communications company that provides design, engineering, production and service; and the acquisition of Bluffton Motor Works, a manufacturer of custom fractional horsepower motors.
  • Lexi-Comp, Inc., a developer of clinical information solutions, in its sale to Wolters Kluwer Health, Inc.

Representative Clients

  • The J.M. Smucker Company (NYSE: SJM)
  • RPM International (NYSE: RPM)
  • Linsalata Capital Partners
  • Evolution Capital Partners
  • Park-Ohio Holdings Corp. (Nasdaq: PKOH)
  • Americhem Group
  • Covia Holdings Corp. (NYSE: CVIA)
  • The MetroHealth System
  • Akron General Health System
  • Tarkett Enterprises Inc.
  • Chart Industries, Inc. (Nasdaq: GTLS)
  • CapitalWorks LLC
  • Watervale Equity Partners
  • Edgewater Capital Partners

Bar/Professional Activity

  • Ohio
  • Association for Corporate Growth’s Cleveland Chapter, Board of Directors, President-Elect and Former Chair of its annual Deal Maker Awards Event, 2021

Educational Background

  • J.D., Case Western Reserve University School of Law, Law Review Notes Editor, 2003
  • B.A., Miami University, 1999

Honors/Awards

  • Ohio Super Lawyers, 2020
  • Ohio Rising Stars, Ohio Super Lawyers, 2013

Pro bono/Community Service

  • Cleveland Baseball Federation, Board of Directors and Former President, 2021
  • Greater Cleveland Sports Commission, Associate Board, 2021

Industry Groups

  • Energy And Utilities
  • Food And Beverage
  • Health Care
  • International
  • LLCs and Joint Ventures
  • Manufacturing And Industrial
  • Nonprofit Organizations
  • Partnerships
  • Private and Family-Owned Businesses
  • Private Equity
  • Public Companies
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Office Location for Thomas M. Welsh

1405 East Sixth Street
Cleveland, OH 44114

Phone: 877-698-2527

Fax: 216-241-0816

Last Updated: 5/28/2021

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