Thomas P. Conaghan

Overview

Tom Conaghan is co-head of the firm’s Capital Markets and Public Companies Practice Group and partner-in-charge of the Corporate Group in the Washington, DC, office. He is also the co-head of the firm’s Media, Entertainment & Sports practice.

Tom represents public and private companies, underwriters and other sources of capital, corporate boards and board committees, and corporate executives. He advises US- and foreign-based public companies on issues relating to mergers and acquisitions (M&A), joint ventures, strategic investments, spin-offs, public and private offerings of securities (including initial public offerings (IPOs)), disclosure, Securities and Exchange Commission (SEC) reporting, corporate governance, executive compensation, and the stock exchange-listed company rules.

Tom also represents clients in the sports & entertainment industries in connection with strategic investments and M&A. McDermott’s Sports practice as named “Practice Group of the Year” for 2025 by Law360.

Results

Capital Markets

Represented AirSculpt Technologies, Inc. (NASDAQ: AIRS), a national provider of body contouring procedures under the brand, Elite Body Sculpture, and AirSculpt’s majority stockholder Vesey Street Capital Partners, in the $90 million IPO of AirSculpt Technologies, as well as in its follow-on equity offerings and the establishment of an at-the-market equity facility
Represented Travis Boersma, founder of Dutch Bros. Coffee (NYSE: BROS), a drive-through coffee chain, in its $550 million IPO

Represented Akumin (NASDAQ: AKU), a national leader in comprehensive outpatient radiology and oncology solutions, in its initial NASDAQ listing and subsequent redomestication from Ontario to Delaware

Sports and Entertainment

Represented Monumental Sports & Entertainment, led by founder and chairman Ted Leonsis, and owner of the Washington Capitals NHL Hockey team and the Washington Wizards NBA basketball team, in a strategic investment transaction with Arctos Partners
Represented Aditya Mittal and the trustees of the Mittal family trusts as significant investors in the buying group led by William Chisholm to acquire the NBA’s Boston Celtics, the largest sale of a US professional sports team in history
Represented an investor in the acquisition of a minority interest in the consortium led by Alex Rodriguez and Marc Lore for the purchase of the NBA’s Minnesota Timberwolves and WNBA’s Minnesota Lynx
Represented Calvin Ford in the acquisition of a controlling stake in Livingston Football Club, a member of the Scottish Premiership League
Represented Monumental Sports & Entertainment, led by founder and chairman Ted Leonsis, and owner of the Washington Capitals NHL Hockey team and the Washington Wizards NBA basketball team in strategic investment transactions with the Qatar Investment Authority (QIA) and Jeff Skoll, the founder of eBay
Represented an investor in the Arctos-led consortium to acquire a minority stake in the NFL’s Buffalo Bills from the controlling owner in the first-ever investment by a PE firm in the NFL
Represented an investor in the Josh Harris-led consortium in their record-breaking US $6.05 billion acquisition of the NFL’s Washington Commanders
Represented global sports apparel and footwear company, Fila, and leading Korean private equity firm, Mirae Asset, in the $1.225 billion acquisition of Acushnet Company, the leading golf equipment company (Titleist and Footjoy) from Fortune Brands (NYSE: FO)

Mergers & Acquisitions

Represented Declaration Partners, a private investment firm, in its acquisition of a majority stake in CP Group, a leading designer, manufacturer, and integrator of advanced material recovery facilities and sorting technologies
Represented AdTheorent (NASDAQ: ADTH), a machine learning pioneer delivering measurable value for programmatic advertisers, in its $325 million sale to Cadent, LLC, a leading provider of platform-based converged TV advertising solutions
Represented a family office in its acquisition of a 50% stake in Ocean Casino Resort, a hotel, casino and resort in Atlantic City, from Luxor Capital
Represented entrepreneur Eugene Kashper in the acquisition of Pabst Brewing Company, maker of iconic American beer brands
Represented Dogfish Head Brewing Company in its $300 million merger with The Boston Beer Company (NYSE: SAM)
Represented The ADT Corporation (NYSE: ADT) in the acquisition of Devcon Security from Golden Gate Capital for $148.5 million
Represented Duvel Moortgat N.V., Belgium’s second-largest brewing company, in its acquisition of Boulevard Brewing Company, a Kansas City-based craft beer company and its acquisition of Firestone-Walker Brewing Company, a Paso Robles-based craft beer company

Show Less

Recognitions

Legal 500 US, Recommended, 2012-2019, 2023-2025
IFLR1000, Private Equity, 2022-2023
Chambers USA, Corporate/M&A & Private Equity, 2019
Variety Magazine, Legal Impact Report Honoree, 2025
M&A Advisor, Consumer M&A Deal of the Year, for representation of Dogfish Head Brewery in its $300 million merger with the Boston Beer Company, 2019
M&A Advisor, Consumer M&A Deal of the Year, for representation of Fila Korea and Mirae Asset Private Equity in the $1.225 billion acquisition of Acushnet Company (Titleist Golf) from Fortune Brands, Inc. (2011)