Bret A. Roge

Facilitating a Complex Management Buyout

Bret worked closely with the management team of a paper manufacturer to conduct a highly successful — and highly complex — take-private. The process involved:

• Securing a financial partner for the management of the management team’s banking requirements
• Negotiating a stock purchase agreement with the company’s foreign parent and its Wall Street firm
• Determining an ownership structure that accommodated the differing interests of the management team and crafting a board-of-directors structure
• Navigating federal and state income tax law to obtain the desired tax treatment for the management team
• Negotiating workplace concessions from the company’s unions
• Obtaining tax incremental financing from state and local authorities to help pay for a significant portion of the capital asset additions
• Minimizing the management team’s potential personal exposure to liability for the company’s significantly underfunded defined-benefit plan
• Minimizing the management team’s exposure to existing matters before the Department of Natural Resources and the Environmental Protection Agency while putting the company in the best possible position for ongoing compliance

Helping Developers Create a Mixed-Use Suburban Development

Bret assisted a commercial real estate development group in the acquisition and development of a 66-acre mixed-use project in an area of Brookfield, Wisconsin, that had seen little development in years. The $150 million development project, known as “The Corridor,” includes office, retail, and hospitality components, along with the preservation and reuse of the historic Ruby Farm farmhouse and barn. Bret assisted in the successful acquisition of the property, negotiated with the City of Brookfield to obtain TIF funding, and drafted development agreements, utility relocation agreements, multi-party easements, and other covenants affecting the development.

Bringing High-Tech Jobs to Wisconsin

Bret worked with commercial real estate developers in the acquisition and development of a $30 million 4-story office building for high-tech and research companies in the Milwaukee County Research Park, located in Wauwatosa, Wisconsin. He assisted in the acquisition of land and negotiated the development agreement, applied for TIF funds from the City of Wauwatosa, and negotiated a subsequent development agreement (including plans for public gathering spaces and ride-share bike stations) along with land combinations and easements required to address access and setback issues created from state takings for highway projects.

Aiding Investors in Residential Real Estate

Bret assisted a Milwaukee-based real estate investment firm and developer in the acquisition of a $9.4 million 76-unit multi-tenant residential housing complex on Milwaukee’s east side. 

Helping a Company Grow — and Create Jobs

Bret helped a Milwaukee-based steel fabricator in the $2.4 million acquisition and renovation of two adjacent properties located in a highly industrialized portion of the Milwaukee’s Bay View neighborhood, a project facing numerous technical issues and requiring the cooperation of both the State of Wisconsin and the City of Milwaukee.

The project, which involved a plan to sell one property to fund the redevelopment of the other, had a larger goal of expanding the company’s business and creating jobs. Bret's representation included both the initial acquisition and subsequent sale of the second parcel, complicated title and survey issues, railroad right-of-ways, significant environmental contamination, and unique zoning overlay.