Akerman Senterfitt recently represented Trivest Partners L.P., a private equity fund, in the acquisition of Confiance IP Solutions by Onepath Systems L.L.C., a Trivest portfolio company.

The transaction involved a reorganization of the portfolio company’s holding structure, an asset purchase of the Confiance business, and an earn-out for Confiance shareholders, who also were paid a combination of cash and equity in the Onepath Systems holding company at closing.  

Shareholder Jonathan Awner was lead lawyer on the deal. He was assisted by shareholder William Sullivan and associate Kenneth Wiggins. Shareholder William Arnhols and associate Angela Ramey handled refinancing of Onepath System’s lines of credit with Atlantic Capital Bank and establishing lines of credit with GE Capital Corporation for the Confiance IP business.  

Akerman represented Trivest Partners in its acquisition of Onepath Systems in late 2010, and has continued to work with Trivest on a significant number of its transactions.

Trivest Partners is a private equity firm that focuses on partnering with middle market founder- or family-owned businesses in the United States and Canada. Its portfolio company, Onepath Systems, is a leading systems integrator that designs, deploys and maintains commercial IT solutions, including audio-visual, IT solutions, fire & life safety, security, structured cabling, access control and underground utility systems. The acquired company, Confiance IP Solutions, specializes in advanced technology solutions such as IT security, data center design and implementation, telephony communications, video, wireless communications and networking.

Akerman is recognized by U.S. News – Best Lawyers as a leading U.S. law firm for Corporate, M&A, Private Equity, Securities/Capital Markets, and Securities Regulation Law. In addition, Akerman’s Corporate Practice Group is recognized by The Legal 500 within the National Firms – Middle-Market category and is ranked #1 by Chambers USA for Corporate/M&A & Private Equity in Florida. Akerman’s Corporate Practice Group advises public and private companies, including private equity funds, in mergers & acquisitions, securities offerings, financings and other transactional matters, with a strong focus on the middle market.