Legal Blog
Mike has designed, negotiated, and documented numerous corporate transactions and business combinations involving hundreds of millions of dollar value for the acquisition (and disposition of) assets classes of all types, as well as equity interests. He has worked with companies in cyber security, intelligence, information technology, recycling and waste management, government contracting, health care, mortgage and financial services, franchising, and restaurant and food services. Mike has repeatedly been listed in Smart CEO’s Best Lawyers, which recognizes the top business attorneys, based on a readers’ poll. He also has received a number of national and international awards relating to his M&A practice.
“Obstacles don’t have to stop you. If you run into a wall, don’t turn around and give up. Figure out how to climb, go through, or work around it.”
– Michael Jordan, six-time NBA champion and five-time MVP.
Some of you may know my youngest daughter attends the University of Alabama (Roll Tide). If you follow college football, you also know that Alabama is consistently at the top of the college football rankings, with many years being ranked #1. Nick Saban (the coach) has created a record of success and winning. However, this year is a bit different. Alabama has lost two games to date, and there is talk that the powerful football dynasty may be crumbling. I realize that losing two games is nothing to be alarmed about for most sports programs. But not for Alabama. Alabama frequently goes undefeated and frequently plays for the National Championship. There is an expectation of always winning. The next few games for Alabama will be telling regarding the fortitude and determination of the coach, the players, and the team.
For some of our businesses, we are used to making money and having great success. You may even consider your business on autopilot. This success is to be celebrated. But as we all know, continued future success can be fragile. And circumstances can change instantly (loss of a key employee or key customer, change in the marketplace such as Covid!). When we are knocked down in business, our resiliency is tested. Our ability to take hard times in stride, with leadership and vision, is a must. Our employees, customers, vendors, etc., are relying upon our ability to “right the ship” to address difficult situations and to make studied decisions to bring success back to our business. We must find a way to overcome the near-term failure – climb it, go through it or work around it. I’m sure Nick Saban will do the same with Alabama.
Mike Mercurio | mmercurio@offitkurman.com
