Flaster Greenberg recently advised its client, Labor First Limited Liability Company, a leading provider of group retiree Medicare benefit management solutions headquartered in Mt. Laurel, NJ, in connection with the recapitalization project with Great Hill Partners, a leading growth-oriented private equity firm. As a result of the investment, it provides Labor First with the ability to accelerate the buildout of its salesforce, broker channels, new product introductions and continued investment in its member advocacy team and technology that will support the Company’s execution of its growth strategy. Additionally, it helps Labor First continue to drive significant value to plan sponsors and their retirees in an effort to help mitigate the impact of rising post-retirement healthcare costs.
“Retaining Flaster Greenberg to handle the recapitalization of our business was one of the best decisions our company has ever made,” said John P. Dulczak, CEO and Co-Founder with Anthony Frasco of Labor First. “Due to the complexity of this matter, we needed high-level talent, but without large national firm prices, to get this done in a timely, effective and efficient manner. The team at Flaster Greenberg not only delivered, but went above and beyond to ensure the entire transaction was seamless, working long hours, weekends and even holidays.”
The Flaster Greenberg team was led by shareholder Alan H. Zuckerman and consisted of a deep bench of attorneys across a number of fields including M&A, corporate, tax, and estates. They have been a longstanding client of shareholder Doug Stanger who assisted with the transaction along with Steven Poulathas, Joseph M. Hayes, Courtney E. Dolaway and Lauren N. Schwimmer.
“I’m extremely proud to work at a firm where its partners have next level capabilities to assist high asset individuals with asset protection, estate and income tax planning, and as private equity deal counsel,” said Douglas S. Stanger, Shareholder.
LaborFirst has been a longtime client of Flaster Greenberg. Our attorneys have advised on corporate structure and the ongoing business needs of this fast-growing company as well as providing ongoing labor and employment advice in conjunction with trademark and other intellectual property representation.
The transaction closed in mid-2021. Click here to read the press release issued by Labor First in its entirety.