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Starting August 13, 2020, Section 889(a)(1)(B) of the 2019 National Defense Authorization Act comes into effect. It prohibits businesses with federal contracts from using telecommunication and video surveillance equipment or services provided by certain Chinese companies[1] as an essential or substantial part of any system (“Prohibited Technology”). Notably, use of the Prohibited Technology does not need to relate to the services or equipment that the contractor is providing to the government.

One of Pittsburgh’s largest mechanical contractors recently closed on the purchase of a strategic business located in Tampa, Florida, expanding the company’s mid-Atlantic and East Coast operations. Stonecipher partners Ron Roteman and Beau Beard represented the buyer.

We would like to congratulate our partner George Snyder on being elected to serve an initial two-year term on the 2020 board of directors for The American College of Bankruptcy.

July 28, 2017 saw the closing on three asset purchase agreements, a third party purchase agreement, an asset exchange agreement and a multi-million dollar revolving line of credit, all of which document a new era for one of Stonecipher’s largest and dearest clients.