Representative Transactions

Representative Transactions performed by Smith Hurst attorneys

Mergers and Acquisitions

  • Legal counsel to large fuel wholesale and retail business in sale and lease of 32 convenience stores.
  • Representation of PPG Operations, LLC in its acquisition of Cornerstone Pharmacy stores.
  • Representation of Acumen Brands, Inc. in the sale of Scrub Shopper.
  • Representation of stockholders in sale of Kimbel Mechanical Systems, Inc.
  • Representation of Parkway Bank in its acquisition by The Citizens Bank.
  • Representation of DataRank, Inc. in its acquisition by Simply Measured, Inc.
  • Representation of Arkansas Power Electronics International, Inc. in its merger with Cree, Inc.
  • Representation of First National Bancshares of Hempstead County, Inc. in its merger with Magnolia Banking Corporation.
  • Representation of Kent Dobbs Automotive, Inc. in its sale of Kent Dobbs Hyundai and Hyundai of Bentonville to affiliates of Crain Automotive Holdings, LLC.
  • Representation of Celebrate Publishing Group, LLC, an Austin, Texas based private equity group, in its acquisition of Celebrate Publishing Group, Inc., a Rogers, Arkansas based media, magazine and event company and owner and publisher of Celebrate Arkansas magazine.
  • Representation of Rockfish Interactive, Inc., a national digital and social media technology and innovation company in its acquisition by WPP, PLC, an international media company, publicly traded on the London Stock Exchange and one of the world’s largest buyers of media.
  • Representation of Terra Soil Farming, LLC in the sale of the assets of its oilfield services division to J & L Oil Field Services, L.L.C.
  • Representation of JSE Ventures, Inc. in its acquisition of Liquor to Go liquor store located in Fayetteville, Arkansas.
  • Represented WDNWA, LLC and its subsidiaries in their acquisition and development of multiple Dickey’s Barbecue Pit franchises in Northwest Arkansas.
  • Legal counsel to Plassotech, Inc., a Calabassas, California based company in its sale to AutoDesk, Inc., a NASDAQ listed corporation.
  • Legal Counsel to Williams Tool Company, a privately held company involved in the oil drilling industry in its acquisition by Weatherford International, Inc., a New York Stock Exchange listed publicly traded company. 
  • Legal Counsel to Delta Plastics, Inc., a privately held company Arkansas based plastics manufacturing company in its acquisition by Stonebridge Partners, a private equity firm based in White Plains, New York.
  • Legal Counsel to Creativity, Inc., an Arkansas-based retail vendor in its sale to a San Francisco based competitor.
  • General Legal Counsel to ThompsonMurray, Inc., an Arkansas-based marketing and advertising firm to Saatchi & Saatchi, a France-based company with its United States office headquartered in New York City.
  • Legal Counsel to Dent-A-Med, Inc., an Arkansas based sub-prime financing company in its sale to a private equity company based in Alabama.
  • Legal Counsel to multiple financial institutions in commercial lending transactions.  
  • Legal Counsel to Optus, Inc., an Arkansas based telecommunications and information technology equipment and services and computer hardware and software business in the sale of its Little Rock, Arkansas, Texarkana, Texas and Northeast Arkansas based divisions.
  • Legal Counsel to B&K Wings, LLC and its affiliates in the sale of Buffalo Wild Wings franchises in Bentonville, Arkansas, Fayetteville, Arkansas and Springdale, Arkansas to Wing Backs, LLC.

Securities, Private Placements and Private Equity Funds

  • Representation of Acumen Brands, Inc. in its issuance of Series D Preferred Stock.
  • Representation of Lauren James Enterprises, Inc. in its issuance of Series A Preferred Stock.
  • Representation of Acumen Brands, Inc., an e-commerce based company, in its $83 million Series C investment round led by General Atlantic, LLC — the largest Arkansas based private equity investment and its $5 million Series B investment round led by Dillard’s, Inc. and Noro-Moseley Partners.
  • Representation of Field Agent, Inc. in its Series A investment round made by Five Elms Capital, LLC, a private equity fund based in Kansas City, Missouri.
  • Representation of TTAGG, Inc. d/b/a DataRank, the only Arkansas company to participate in the YCombinator startup accelerator program, in its organization and private placement of multiple preferred stock and convertible debt offerings.
  • Representation of Arkansas Power Electronics International, Inc. in its acquisition of funds from the Arkansas Risk Capital Matching Fund.
  • Representation of North Hills Surgery Center, L.L.C. in its private placement of Class A Units of Membership Interest.
  • Representation of Oh Baby Foods, Inc. in its private placement of Series A Preferred Stock.
  • Representation of Next Gen Illumination, Inc. in its private placement of convertible debt instruments and the negotiation of a joint venture with the Cherokee Nation.
  • Representation of Valley Inn Film, LLC in its private placement of Class B Units of Membership Interest to help fund the production of the motion picture, Valley Inn.
  • Legal counsel to Diamond State Ventures, an Arkansas-based venture capital firm, in its investments in DMD Industries, Inc. and Trestletree, Inc.

Real Estate Transactions

  • Representation of Johnson Medical Office Building in its real estate venture.
  • Representation of Fayetteville Chamber of Commerce's 21 Mountain, LLC in the purchase of the Bradberry Building. 
  • Representation of Shoppes at Steele Crossing, LLC in its purchase of property by CMN Business Park II, Fayetteville.
  • Representation of Shaw Holdings LP in its sale of real property to Sam's Club.
  • Representation of Southwind Hospitality Holdings, LLC, in its acquisition, financing and large scale reconstruction of The Chancellor Hotel, the flagship 15-story hotel in Fayetteville, Arkansas, through the use of federal New Market Tax Credits.
  • Representation of Brookhaven Commercial Properties, LLC, the owners of a 472 unit multi-family apartment living community, in a $21.6 million HUD sponsored credit facility transaction.
  • Representation of Searcy Retail Holdings I, LLC in the sale of its Harp’s commercial and retail center in Searcy, Arkansas to Cole HG Searcy AR, LLC, a special purpose entity formed by a national Real Estate Investment Trust (REIT) based in Phoenix, Arizona.
  • Representation of Brewer Investments, LLC in its sale of the Kutak Rock Tower and The Eye Center buildings in Fayetteville, Arkansas.
  • Legal Counsel to University of Arkansas Technology Development Foundation in the development and construction of the first LEED certified building in Arkansas which is the Innovation Center located at the Arkansas Research and Technology Park.  
  • Legal Counsel to University of Arkansas with respect to its first joint venture association with a private entity which was the development, construction and operation of the Enterprise Center at the Arkansas Research and Technology Park.  The financing of the Enterprise Center was structured as a New Markets Tax Credit transaction, one of the first of its kind in the State of Arkansas.

Local Counsel Services

  • Retained by BakerHostetler to serve as Arkansas state tax counsel for Mid-River Terminal, LLC in its new markets tax credit financing of an intermodal freight transport facility in Osceola, Arkansas.
  • Retained by Greenberg Traurig to serve as local counsel to Bulk Sak International, Inc. in its purchase of an operating company and associated real estate located in Arkansas.
  • Retained by BakerHostetler to serve as Arkansas state tax counsel for Blue Oak Arkansas, LLC in its new markets tax credit financing of its Arkansas plant and equipment in Osceola, Arkansas.
  • Retained by a New Jersey based law firm to serve as local counsel to South Garland Boulevard Associates, LP in its acquisition, financing, construction and development of The Vue on Stadium Drive student housing community located in Fayetteville, Arkansas.
  • Retained by a Houston, Texas based law firm to serve as local counsel to Sterling Joint Venture I, LP in its acquisition, financing, construction and development of the Sterling Frisco Apartments, an upscale, eco-friendly, green-built, modern designed student housing community located in Fayetteville, Arkansas.

Miscellaneous Notable Representation

  • Representation of Lauren James Enterprises, Inc. in its loan from First Security Bank. 
  • Representation of Lauren James Texas, LLC in its loans from One Bank and Trust, N.A.
  • Formation of The Partnership for a Healthy Arkansas By and Among Arkansas Blue Cross and Blue Shield, Baptist Health, St. Bernards Healthcare, Washington Regional Medical System, and University of Arkansas For Medical Science.
  • Legal counsel to Frank Broyles family in proposal of legislation to establish and protect the right of publicity under Arkansas law.
  • Formation and service as general counsel to Venture Capital Investors, LLC, the first formal Arkansas based angel investor network which was the precursor to the Fund for Arkansas’s Future.  
  • As legal counsel to the University of Arkansas, formation and organization of the University of Arkansas Technology Development Foundation, a Section 501(c)(3) corporation formed to manage and operate the Arkansas Research and Technology Park for the advancement of knowledge based industry in Arkansas.  Since its creation, Jim Smith has served as its general counsel.
  • Legal counsel in the implementation of the Arkansas Venture Capital Investment Act of 2001 through representation of the Arkansas Development Finance Authority in establishing the Arkansas Institutional Fund which spearheaded venture capital investing in the Arkansas through the creation of the first and only Arkansas based fund of funds.  

 

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