Jeffrey Cronn

Tonkon Torp guided client Herbert Malarkey Roofing Company through a successful $1.35 billion stock sale to Switzerland-based Holcim Group, one of the world’s largest building products companies. The deal secured a place as one of Oregon’s largest M&A transactions in 2021.

Tonkon Torp represented Beaverton’s early-stage SensiML Corporation in its acquisition by QuickLogic Corporation, a California-based public company. SensiML spun off from Intel Corporation in 2017 to offer a platform-independent software toolkit that allows equipment manufacturers to develop pattern matching sensor algorithms using machine learning technology.

In early 2018, Tonkon Torp concluded the $205 million sale of the Pendleton Whisky brands by its client Hood River Distillers, Inc. (HRD) to Proximo Spirits, whose international portfolio of spirits includes Jose Cuervo tequila. HRD was Oregon’s first distillery, and one of Tonkon’s original clients.

Tonkon Torp’s Mergers & Acquisition practice group represented client Opus Agency in a significant equity transaction with private equity firm Fan Creek Capital, providing substantial additional growth capital to Opus. Opus, a global corporate events and experiential marketing agency headquartered in Beaverton, Oregon, serves Fortune 1000 clients such as Salesforce, Amazon, Intel and Alaska Airlines.

Tonkon Torp represented a national financial services provider in a multi-step M&A transaction that repositioned payment stream portfolios and resulted in the acquisition of operating offices. This detailed and linear sequence was completed in six weeks with negotiations involving multiple parties.

In late 2014, Tonkon Torp represented a privately held heavy industrial equipment manufacturer in a complex transaction that included selling business assets and real property, and leasing other related business property. The selling company is a long-term client of the firm.

Tonkon Torp client Rogue Creamery became the first Oregon enterprise to become a Benefit Company on January 1, 2014, the date Oregon’s new law went into effect. Find details and more featured cases here.

Element Power is a global renewable energy company that develops, acquires, builds and operates utility-scale solar and wind power projects. Backed by some of the biggest names in global renewable energy development, it currently has wind and solar projects throughout Europe and a large development pipeline in Europe and Latin America.

NIKE Inc.’s portfolio of subsidiary brands contributes over $2 billion in annual revenues to the company’s bottom line and the opportunity for substantial future growth. When this sportswear giant decided to sell its Nike Bauer Hockey subsidiary, it turned to Tonkon Torp to help guide the sale to a successful conclusion.

M Financial Group is one of the nation’s premier financial services distribution companies serving ultra-affluent individuals and Fortune 1000 companies. M Financial looks to Tonkon Torp for major restructuring transactions as well as day-to-day advice on a host of issues.

From selling imported shoes from the back of a car at track meets to becoming the world’s leading designer, marketer and distributor of athletic footwear and accessories, Nike’s 30 year legacy has been one of innovation, optimism and savvy business sense. Tonkon Torp has been involved since the 1980 IPO.

When our client, the audit committee of a regional financial institution, learned that the company’s auditors would not provide an opinion required for the filing of its Form 10-K without an independent investigation of an accounting dispute, it turned to Tonkon Torp for assistance.

Tonkon Torp partner Jeff Cronn was interviewed about trending activity and issues in the M&A world by Portland Business Journal Editor Suzanne Stevens. The interview appears in the Special Report: Deals of the Year feature in the publication’s February 17 issue.

Fifty-three Tonkon Torp lawyers representing 37 practice areas have been selected for inclusion in The Best Lawyers in America® 2023. Nearly all the attorneys have been previously named to the peer-review list, and most have been listed for more than 10 years.

In May 2022, the Portland Business Journal celebrated the 25th anniversary of its popular Forty Under 40 award program. Since its inception, 10 Tonkon Torp attorneys have been recognized as Portland area business and community leaders who were under 40 years old at the time of their recognition.

Chambers USA has recognized 28 Tonkon Torp attorneys in eight practice areas in its Chambers USA 2022 Guide.

Tonkon Torp has launched a new practice group, Shareholder Disputes & Governance.

By Jeffrey Cronn – A potential business sale transaction can be an exciting time for a business owner. The sale represents pay-off for all the hard work over years or even decades.

By Jeffrey Cronn – A potential merger or acquisition transaction can be an exciting time for a business owner who has poured heart and soul into building a company over years or even decades. A sale represents pay-off for all that hard work.

Over the past few weeks, many of our clients who have received Paycheck Protection Program (“PPP”) loans have expressed concern about whether they had adequate basis to certify that their PPP loan request was necessary to support ongoing business operations

Over the past week, many clients who have received Paycheck Protection Program (“PPP”) loans have inquired about whether (a) they satisfy the PPP loan certification requirements following provision of additional guidance from the Small Business Administration (“SBA”) and/or (b) they should return their loans now. This client alert addresses key aspects of the recent SBA guidance and provides guidance for businesses who are evaluating these issues.

s businesses are required to remain shut down as a result of the COVID-19 pandemic, access to capital resources continues to be a pressing issue for our clients. This FAQ addresses many questions that businesses may have about governmental programs that can provide capital resource support in the wake of COVID-19.