Craig Circosta
Craig Circosta

Craig Circosta

Partner

circostac@ballardspahr.com
Tel 215.864.8520
Fax 215.864.8999
Philadelphia

Craig Circosta is an experienced transactional attorney known for building long-standing relationships with his clients. Mr. Circosta focuses on mergers and acquisitions and general corporate and securities matters for companies ranging from small, privately owned companies to Fortune 100 public companies. He has worked on a broad variety of M&A transactions, including public and private mergers, stock acquisitions and divestitures, and asset purchases and sales. Mr. Circosta represents clients in a wide range of industries, including aerospace, manufacturing, medical devices, and retail. He is the Practice Leader of the Mergers and Acquisitions/Private Equity Group.

Representative Transactions

Mr. Circosta has represented Teleflex Incorporated (NYSE: TFX), a global medical device company, in its mergers and acquisitions activity since 2005. During that time, the company's transactions focused on its transition from an established diversified industrial company to a pure-play global medical device company. The transactions include:

  • The sale of its business units that design and manufacture automotive and industrial driver controls, motion systems, and fluid-handling systems to Kongsberg Automotive Holding ASA; the cash transaction was valued at $560 million and involved 34 manufacturing sites worldwide 
  • The sale of Teleflex Aerospace Manufacturing Group to GKN plc 
  • The sale of its actuation business, a leading global provider of aftermarket service and support for commercial and military actuators, to TransDigm Group Incorporated for $94 million 
  • The sale of its rigging services business to Houston Wire & Cable Company for $50 million 
  • The sale of its power systems business, which includes industrial and transportation alternative fuel components and systems and auxiliary power systems, to Fuel Systems Solutions, Inc. 
  • The sale of its automotive pedal systems business to an affiliate of Sun Capital Partners, Inc. 
  • The acquisition of Hotspur Technologies, Inc., a leading developer of catheter-based technologies aimed at restoring blood flow for patients with obstructed vessels 
  • The acquisition of Axiom Technology Partners, LLC, a manufacturer of laparoscopic fascial closure system products 
  • The sale of its OEM orthopedics business to Tecomet, Inc., for $45.2 million
  • The acquisition of Taut Inc., a provider of instruments and devices for minimally invasive surgical procedures

Mr. Circosta has also: 

  • Represented DuPont in the sale of Glass Laminating Solutions/Vinyls (GLS/Vinyls), a part of DuPont Packaging & Industrial Polymers, to Kuraray Co., Ltd., for $543 million plus the value of inventories
  • Represented DuPont in the sale of Liqui-Box Corporation, its liquid packaging business, to investment affiliates of The Sterling Group 
  • Represented DuPont in its acquisition of Coastal Training Technologies Corporation, a global producer and marketer of training programs 
  • Represented Berwind Corporation, a private investment company, in the acquisition of Electronic Controls Company (ECCO), the world’s largest designer, manufacturer, and marketer of proprietary back-up alarms and amber warning lights for commercial vehicles 
  • Represented Berwind Corporation in the acquisition of the Safety Products division of Preco Electronics, Inc., a designer, manufacturer, and distributor of back-up alarms and amber warning lights for the commercial vehicle safety market 
  • Represented Synthes, Inc., a leading global medical device company, in its acquisition of The Anspach Effort, Inc., a leading global company in the high-speed surgical power tools market 
  • Represented Synthes, Inc., in its exclusive worldwide collaboration agreement with Eli Lilly and Company, which allows for the joint development and licensing of early-stage compounds from Eli Lilly to Synthes for use in orthopedic reconstructive areas. Synthes and Eli Lilly also agreed to jointly conduct and fund the evaluation of additional orthopedic uses for Eli Lilly's osteoporosis drug, Forteo. 
  • Represented IMECO, Inc., an independent domestic provider of turnkey marine electromechanical solutions, in its acquisition by investment affiliates of J.F. Lehman & Company 
  • Represented Covanta Holding Corporation, a leading global owner and operator of Energy-from-Waste (EfW) projects, in the acquisition of two waste transfer stations from Republic Services, Inc.

Professional Activities

New Jersey State Bar Association

Pennsylvania Bar Association

Philadelphia Chapter of the Association for Corporate Growth (ACG)

Certified Public Accountant (Pennsylvania 1995)

Recognition & Accomplishments

Chambers USA: America's Leading Lawyers for Business, corporate/M&A/private equity, 2014

Named among BTI Client Service All-Stars for delivering superior client service, 2014

Publications

"The Trend Towards Lower Indemnification Caps in Private M&A Transactions," Financier Worldwide, Issue 53, May 2007

Board Memberships

Chair, Kids Smiles, Inc., a nonprofit organization providing dental services and access to oral-health education programs to children in underserved urban neighborhoods in Philadelphia and Washington, D.C.

Thomson Reuters Business Law Partner Advisory Board

Abington Health Foundation Planned Giving Advisory Board

Boston University School of Law (J.D. 1999, cum laude)
Recipient, William Hennessey Scholarship

Villanova University (B.S. 1993, summa cum laude)

New Jersey

Pennsylvania