Richard J. Silpe focuses his practice on federal and state income tax planning for corporations, partnerships, limited liability companies, and other taxable and nontaxable entities, including domestic and international tax planning, exempt organization tax planning, and tax planning in connection with equity-based compensation.
Richard’s practice includes structuring of corporate and business transactions, including mergers and acquisitions, reorganizations, redemptions, liquidations, affiliations, joint ventures, business formations, venture capital financing, security issuances, and equity-based compensation arrangements.
He also has extensive experience handling tax audits and controversy matters. In the course of his practice, Richard has handled numerous multimillion dollar acquisitions on behalf of a large electronic manufacturing company and a leading snack food company.
He handled the $2.9 billion sale of John Middleton, Inc., a cigar company, to Altria Group; the $110 million sale of a leading specialty underwriter of property insurance to Gryphon Investors; the $265 million sale of a health care advocacy services company to the West Corporation; and the $500 million sale of a steel pipe and tubular company to The Carlyle Group.
He is experienced in a broad range of executive compensation matters, including public and private companies and Section 501(c)(3) charitable organizations with respect to intermediate sanction safe harbor compliance, the formation of joint venture arrangements, and the restructuring and recapitalization transactions for public and private companies. Richard has also handled numerous investments in domestic and international private equity and hedge funds.
Richard frequently lectures at seminars and writes on various topics of federal and state income taxation and exempt organization tax matters. Prior to earning his law degree, Richard practiced as a certified public accountant.
Richard received his undergraduate degree from Emory University, and earned his law degree, cum laude, at Villanova University School of Law where he was a law review editor and was elected to Order of the Coif.
EXPERIENCE :
- Handled the sale of firm client John Middleton, Inc., a Philadelphia-area cigar and pipe tobacco manufacturer whose brands included “Black & Mild” and “Prince Albert,” to Altria Group, Inc. for $2.9 billion, in one of the largest transactions ever handled by a Philadelphia law firm.
- Represented Petroleum Products Corporation, a midstream oil company, and certain of its affiliates in its acquisition by Arclight Capital Partners.
- Represented the policyholders of the Fidelity Mutual Life Insurance Company in connection with its plan of rehabilitation and dissolution.
- Handled numerous multimillion dollar acquisitions on behalf of a large electronic manufacturing company and a snack food company.
- Represented Health Advocate, a leading provider of healthcare advocacy services, in its $245 million sale to the West Corporation.
- Represented Beachbody, LLC, a leading marketer of health and fitness programs and products (i.e., P90X, Insanity), in the growth capital investment by LNK Partners.
- Represented Delphi Midstream Partners, LLC in its $200 million acquisition of the rights to construct and operate a 31-mile natural gas pipeline in the Marcellus Shale region in New York and Pennsylvania.
- Represented the owner of a managing general underwriter in its acquisition of a managing general agency in the property and casualty insurance space.
- Represented a media company in connection with the sale of television station assets to one of the largest television station owners in the United States.
EDUCATION :
- Villanova University School of Law, J.D., cum laude, 1989
- Emory University, B.B.A., 1985
BAR ADMISSIONS : New Jersey; Pennsylvania
COURT ADMISSIONS :
- Commonwealth Court Of Pennsylvania
- Court Of Common Pleas – Philadelphia County
- U.S. District Court — New Jersey
- U.S. Tax Court
AFFILIATIONS :
- American Bar Association
- Philadelphia Bar Association
- Philadelphia County Bar Association
Cost
Rate : $$$
