Overview
Patrick D. Ryan focuses his practice on employee benefits- and executive compensation-related matters.
Patrick regularly advises private equity funds and other companies in connection with corporate transactions, mergers and acquisitions, divestitures, carve-outs, restructurings and add-ons. In relation to this work, he routinely counsels clients with respect to employee- and employee benefits-related integration matters, including the negotiation and preparation of transition services or employee leasing arrangements as well as internal communications to affected employees. Patrick also has extensive experience with qualified plan matters, such as plan drafting, administration and operation, as well as corrective actions under the Internal Revenue Service’s (IRS) Employee Plans Compliance Resolution System.
Additionally, Patrick frequently assists clients in matters related to the design and operation of nonqualified retirement plans, equity and equity-based incentive arrangements, and Affordable Care Act compliance. He has also represented clients in connection with IRS, US Department of Labor and Pension Benefit Guaranty Corporation negotiations.
Results
- Represented Waller Helms Advisors, LLC, an independent advisory firm with nearly 50 investment professionals that provides investment banking services to clients in the insurance and wealth management sectors, in its pending sale to Houlihan Lokey Inc., a global investment bank
- Represented Bain Capital Insurance, the dedicated investing unit of Bain Capital, in its backing of Emerald Bay Risk Solutions, a new carrier platform for long-term managing general agents (MGA) platform partnerships
- Represented Windrose Health Investors in its acquisition of CardioOne Inc. , a physician enablement company built specifically to serve independent cardiologists. WindRose makes equity investments in companies that operate within the services sectors of the healthcare industry
- Represented Gemspring Capital Management, LLC, a Connecticut-based private equity firm with $3.5 billion of capital under management, in its acquisition of a majority interest in ClearCompany Holdings, a provider of human capital management software
- Represented Martis Capital, a private equity firm, and its portfolio company, Lighthouse Laboratory Services, in the acquisition of the business of Alternative Biomedical Solutions, a provider of laboratory technologies and services in the US and Canada
- Represented Nautic Partners, LLC, a Rhode-Island based private equity firm, in its acquisition of Advantage Healthcare Services, an independent pharmacy group specializing in behavioral health in California
- Represented H.I.G. Capital LLC, a leading global alternative investment firm, in its cross-border sale of its majority share in Recochem, a global leader in formulating, producing, contract packaging and wholesale distribution of household and transportation fluids, to CapVest Partners LLP
- Represented H.I.G. Capital, LLC, a leading global alternative investment firm, in its acquisition of the spine business of Zimvie Inc., a publicly traded company and global life sciences leader in the dental and spinal markets. The deal is expected to close in the first half of 2024.
- Represented Blue Star Innovation Partners in its acquisition of OfficeRnD, a UK-based software company that specializes in providing hybrid workspace solutions
- Represented M/C Partners, a Boston-based private equity firm focused on digital infrastructure and technology services, in its acquisition of a majority interest in Consortium Networks, LLC, a provider of cybersecurity-concierge services
- Represented Destillers United Group S.L., a Spanish company, together with certain of its affiliates including in the United States, Panama, Venezuela and Portugal (Madeira) (collectively, “DUG”), in the sale of its award-winning super premium Diplomático Rum brand and related assets to Brown-Forman Corporation, the publicly traded international spirits company best known for its Jack Daniels whiskey
- Represented Calendly, LLC in its acquisition of Prelude, a fast-growing recruiting operations platform designed to build an efficient hiring process
- Represented I.G. Capital, LLC in its acquisition of Barton & Associates, a leading national locum tenens physician, nurse practitioner, physician assistant, certified registered nurse anesthetist and dentist staffing and recruiting firm
- Represented Gemspring Capital Management, LLC in the acquisition of Bradford Soap International, Inc., a leading developer, formulator and manufacturer of beauty and personal care products
- Represented Hidden Harbor Capital Partners in its agreement to acquire Dayco, an engine products and drive systems supplier for the automotive and aftermarket industries
- Represented Revecore, a provider of revenue integrity and complex claims solutions for hospital and health systems and portfolio company of Riverside Partners and GrowthCurve, in its acquisition of Kemberton and Cura Revenue Cycle Management
- Represented Astor Place Holdings, the private investment arm of Select Equity Group, LLP, and its portfolio company, Douglas Electrical Components, Inc., in the acquisition of Electronic Product Industries, LLC, a powder-to-package electronics packaging manufacturer specializing in high temperature co-fired ceramic (HTCC) and hermetic glass-to-metal packaging solutions
- Represented Murray Energy Holdings Co. and certain of its subsidiaries in their Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Ohio*
*Matter handled prior to joining McDermott.
Recognitions
- Best Lawyers in America, Ones to Watch, Employee Benefits (ERISA) Law, 2025
Credentials
Education
University of Illinois Chicago School of Law, LLM, with honors, 2010
DePaul University College of Law, JD, 2006
Indiana University, BS, 2002
Admissions
Illinois
