J. Tenley Oldak

Represented Therm-x of California, Inc., a manufacturer of temperature sensors, industrial heaters and process control products and systems, in the sale to Backer EHP Inc., a subsidiary of NIBE Industrier AB, a Swedish public company (NIBEb.ST).

Represented NexusTek Holdings, LLC in the sale of its LLC interests to Abry Partners.

Represented Global Employment Solutions, a portfolio company of TZP Group and leading provider of professional staffing services, in its acquisition of the Halo Group, an IT staffing company.

Served as tax counsel to KSE Radio Ventures, LLC, a wholly-owned subsidiary of Kroenke Sports & Entertainment, LLC, in its acquisition of Denver broadcast radio stations KIMN-FM 100.3, KXKL-FM 105.1 and KWOF-FM 92.5 from Wilks Broadcast Group, LLC.

Served as tax counsel to Encore Consumer Capital, LP in the sale of its portfolio company, FreshKO Produce Services, Inc., a distributor of high-quality fresh produce throughout central and northern California, to C&S Wholesale Grocers, Inc., the largest wholesale grocery supply company in the United States.

Counsel to Victory Park Capital Advisors in the sale of its portfolio company, Global Employment Holdings, Inc., to TZP Group.

Represented real estate development firm to obtain a partial IRS concession of a significant charitable contribution deduction disallowance.

Represented individual client in obtaining partial concession by the IRS of “hobby loss” case, in which IRS proposed to completely disallow claimed losses relating to a horse development, training and showing business.

Represented real estate development firm in obtaining a full IRS concession of IRS agent’s determinations that (1) client was a dealer in real property and that gain on client’s land and option sales should be subject to ordinary income treatment as sales of inventory (rather than capital gain on sales of investment assets, as reported), (2) client should not be permitted to offset gain on sales of property with client’s basis in its sold assets, and (3) a sale transaction was tax-motivated, and therefore income from the transaction should be reallocated between two client-affiliated entities without identity of ownership.

Represented EMSC, the leading provider of emergency medical services in the U.S., in the acquisition of Acute Management, LLC, the management services company of Acute Surgical Care Specialists, PLLC. Based in Plano, Texas, Acute Surgical contracts with hospitals to provide trauma, orthopedic and general surgery physician call coverage. Upon completion of the transaction, Acute became a part of EmCare's newly formed surgery services division.