PROVIDENCE – Troutman Pepper Locke advised VODA.ai, a Boston-based SaaS company that uses artificial intelligence to enhance decision-making for water utilities, in raising its series A financing round. For more information, see the press release.
Funding was led by CRH Ventures with participation from L-Stone Capital. The investment will support VODA.ai’s growth, expand its research and development capabilities, and accelerate innovation to better serve municipal utilities and private water operators worldwide. Founded in 2017, VODA.ai’s platform helps utilities manage aging water infrastructure by providing AI-driven predictive analytics to assess pipe condition and risk across transmission, distribution, and collection systems.
The Troutman Pepper Locke team that advised VODA.ai was led by Chris Graham and included Jennifer Lisi, Adam Millard, and Michaela Conley.
Troutman Pepper Locke is very active in the emerging company and venture capital communities, advising clients through every stage of their life cycle, from formation through financing and growth, and their eventual merger, acquisition, or IPO exit. For select companies, the firm also offers the unique Troutman SEED™ program. This development program combines the resources of an experienced, multidisciplinary team into an affordable package for startups, early-stage, and fast-growing companies, providing them with comprehensive legal counsel, mentoring, relationship-building opportunities, and more.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
NEW YORK – Troutman Pepper Locke advised M3-Brigade Acquisition V Corp. (M3-Brigade), a special purpose acquisition company (SPAC) formed to identify and partner with companies undergoing transformational growth, in its definitive agreement with ReserveOne, Inc., a newly formed, first-of-its-kind digital asset management firm. For more information, see the press release.
The transaction is expected to provide more than $1 billion in gross proceeds, including up to approximately $297.7 million of capital held in M3-Brigade’s trust account (assuming no redemptions); an aggregate of $750 million in committed capital from leading institutional investors pursuant to subscription agreements, consisting of $500 million of common equity and warrants; and an aggregate principal amount of $250 million in convertible notes.
This capital is expected to accelerate ReserveOne’s growth and strategy, solidifying its position as a category-defining platform in the digital asset ecosystem. Upon closing, ReserveOne’s shares and warrants are expected to trade under the ticker symbol “RONE” and “RONEW,” respectively.
The Troutman Pepper Locke team that advised M3-Brigade was led by Patrick Costello, Joan Arnold, Joe Walsh, Howard Goldberg, Scott Grundei, Emma Teman, and Joseph Chung.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys leverage broad experience and deep industry knowledge to help clients navigate global markets and achieve their capital-raising objectives. The capital markets team focuses on minimizing regulatory and economic risks while positioning clients for potential opportunities. The firm represents domestic and foreign issuers, underwriters, selling and controlling shareholders, and other market participants in a wide range of capital markets transactions.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
RICHMOND – Troutman Pepper Locke represented Unisys Corporation (Unisys), a global technology solutions company, in connection with Unisys’ offering of $700 million aggregate principal amount of senior secured notes due 2031 (the new notes), through a private placement in accordance with Rule 144A and Regulation S under the Securities Act of 1933, as amended. Concurrently with the commencement of this offering, Unisys launched a cash tender offer to purchase any and all of its outstanding $485 million aggregate principal amount of senior secured notes due November 1, 2027 (the existing notes), and solicitation of consents from holders of the existing notes to proposed amendments (the proposed amendments) to the indenture governing the existing notes (collectively, the tender offer and consent solicitation). Unisys also entered into an amendment to its secured ABL credit facility. For more information, see the press release.
The offering closed on June 27, 2025, and the tender offer and the consent solicitation closed on July 11, 2025, with 98.98% of the existing notes repurchased by Unisys and with Unisys having received the requisite consents to adopt the proposed amendments.
The Troutman Pepper Locke team that represented Unisys included Dave Meyers, Brad Boericke, Betty Segaar, Tricia McNeill, Jacob Richards, Brenna Sheffield, Steven Soffer, Lele Meng, and Joshua Eastwood.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys regularly handle strategic deals for Fortune 100 corporations and middle market transactions for private equity clients. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
RICHMOND – Will Homiller, a partner in Troutman Pepper Locke’s Real Estate Practice Group, was named to Virginia Lawyers Weekly’s “Go To Lawyers” for commercial real estate. The program recognizes the top lawyers across the commonwealth in a given practice area based on nominations and an independent selection process.
According to the publication, those recognized as “Go To Lawyers” are regarded as experts in their field and well-versed in the nuances of related case law, statutes, and regulations clients will encounter. Honorees also have a demonstrated record of success, receive regular referrals, and think creatively.
Homiller advises clients in all areas of commercial real estate, including in the development, acquisition, sale, financing, leasing, and construction of office buildings, retail centers, industrial facilities, apartment projects, hotels, mixed-use projects, and high-density residential properties. He also assists clients with zoning, permitting, and subdividing of property and other land-use issues. He has been recognized by Chambers USA for his work in real estate law and co-authored the 2018 USA Practice Guide on Real Estate for Chambers and Partners.
Troutman Pepper Locke’s national Real Estate Practice Group helps clients in their most complex real estate transactions. Clients include owners, developers, and financiers of some of the largest projects across the country in both the private and public sectors. The practice has been recognized by several leading industry authorities, including Chambers, Legal 500, and Best Law Firms®, among others.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
HOUSTON – Troutman Pepper Locke advised Genesis Park, a Houston-based private investment firm, in its strategic investment in Glass Box, a trusted IT solution integrator and managed services provider. For more information, see the press release.
This investment will accelerate Glass Box’s mission to deliver tailored IT solutions and integrated managed services that foster innovation, drive measurable outcomes through technology, and support sustainable growth for customers.
The Troutman Pepper Locke team that advised Genesis Park included Allison Pearce, Brian Rose, Tom Phelan, and Mason Marek.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys regularly handle strategic deals for Fortune 100 corporations and middle market transactions for private equity and private debt clients. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
NEW YORK – Troutman Pepper Locke achieved a significant ruling in the Fourth Circuit Court of Appeals for National Mortgage Insurance Corporation (NMIC) in Kovachevich v. National Mortgage Insurance Corporation, a pivotal case concerning the Homeowners Protection Act (HPA). The Fourth Circuit affirmed the dismissal of a putative HPA class action claim, marking the first time a circuit court has addressed the refund provisions of the HPA. The decision reinforces that the HPA authorizes a refund of unearned premiums only when specific statutory benchmarks are met, providing guidance to the mortgage insurance industry on when refunds are required.
The plaintiff in the case brought a putative class action claim against NMIC in the Eastern District of Virginia, asserting entitlement to a refund for private mortgage insurance (PMI) premium pursuant to the HPA. The HPA, while passed nearly 30 years ago, has not been litigated often, and the plaintiff was aiming to expand the statute to create new avenues for claims against the mortgage insurance industry. The Troutman Pepper Locke team filed a motion to dismiss, as the HPA does not require any refund of PMI premium if statutory requirements for such a refund have not been met.
The district court granted NMIC’s motion, finding that the plaintiff did not meet the criteria to require cancellation of PMI, and was therefore not entitled to a refund. On appeal, the plaintiff focused their argument on an assertion that the HPA creates an entitlement to a refund whenever a borrower has an agreement with the mortgage loan servicer to end the PMI, whether or not the statutory requirements of the HPA for cancellation have been met. The Fourth Circuit rejected the plaintiff’s attempts to find HPA liability for mortgage insurers in instances when the specific cancellation benchmarks under the HPA have not been satisfied and held that such a rejection of the plaintiff’s claim was not contrary to the HPA’s purpose.
The Troutman Pepper Locke litigators that successfully defended NMIC against the putative class action HPA claim included Greg Casamento, Joe Froehlich, and Vienna Messina.
Troutman Pepper Locke’s Business Litigation Practice has a successful track record defending and prosecuting high-stakes commercial matters in federal, state, trial, and appellate courts throughout the U.S. The team handles complex multidistrict cases, class actions, and single-case litigations, representing both mid-market companies and Fortune 500 industry leaders. Additionally, Troutman Pepper Locke represents clients before administrative boards, government agencies, and domestic and international alternative dispute tribunals.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
BERWYN – Troutman Pepper Locke advised DataBahn.ai, Inc., creator of a security-native data pipeline platform built for modern enterprise workloads, in raising its $17 million Series A financing round. For more information, see the press release.
This funding milestone, led by Forgepoint Capital, with participation from S3 Ventures and returning investor GTM Capital, strengthens DataBahn’s ability to help enterprises transform telemetry from a cost center into a strategic advantage. The financing brings the company’s total capital raised to $19 million. The initial closing for DataBahn’s Series A financing occurred on April 25, 2025.
The Troutman Pepper Locke team that advised DataBahn was led by Debbie Spranger, Stephen Fox, Roe Granger, and Emily Makar.
Troutman Pepper Locke is very active in the emerging company and venture capital communities, advising clients through every stage of their life cycle, from formation through financing and growth, and their eventual merger, acquisition, or IPO exit. For select companies, the firm also offers the unique Troutman SEED™ program. This development program combines the resources of an experienced, multidisciplinary team into an affordable package for startups, early-stage, and fast-growing companies, providing them with comprehensive legal counsel, mentoring, relationship-building opportunities, and more.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
NEW YORK – Troutman Pepper Locke partners Jon Aberman, Evelyn Meltzer, and Mark Silverman have been named among Lawdragon’s 2025 500 Leading Global Bankruptcy and Restructuring Lawyers. The list includes traditional bankruptcy lawyers, specialists in leveraged finance and restructuring, and litigators well-versed in financial litigation and distress.
According to Lawdragon, these honorees dazzle with a breadth of experience in law and life, effectively tuning out distractions and navigating through challenging negotiations, litigation, or complex financial arrangements.
Troutman Pepper Locke’s Bankruptcy and Restructuring group provides clients with creative solutions that prioritize recovery or return on investment. Clients impacted by distressed situations rely on the team’s know-how to enforce their rights and maximize value. The group’s deep understanding of pre- and post-insolvency issues from every stakeholder’s perspective enables them to help clients prevent and prepare for a financial crisis and, when needed, serve as trusted advisors to respond effectively to financial distress.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
RICHMOND – Troutman Pepper Locke advised Giant Eagle, Inc., one of the nation’s largest food retailers and distributors, as local counsel in the sale of its GetGo business, which includes approximately 270 GetGo and WetGo locations, to Alimentation Couche-Tard, Inc., a leading global convenience store operator. For more information, see the press release.
This strategic transaction, which was completed on June 29, 2025, will allow Giant Eagle to focus on growing its core supermarket and pharmacy businesses to better serve customers across more than 200 locations.
The Troutman Pepper Locke team that advised Giant Eagle included Susan Ancarrow, Bob Friedel, Lynda Crouse, Chad Warpula, Constance Brewster, Chris Stock, Tom Gray, Keegan McCoy, Adrianna ScheerCook, Shannon Patterson, Pam Bishop, Lele Meng, Susan Lessack, and Madeline Reed. Weil, Gotshal & Manges served as primary counsel to Giant Eagle on the transaction.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys regularly handle strategic deals for Fortune 100 corporations and middle market transactions for private equity clients. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.
Troutman Pepper Locke advised Vintners Distributors (Vintners), a branded retailer of fuels throughout the San Francisco Bay Area, in the acquisition of National Petroleum, a petroleum marketing and convenience retail business by its affiliate, Poppy Markets, LLC. National Petroleum operates a chain of 11 convenience stores and retail fuel outlets and a wholesale fuels distribution business that supplies more than 100 dealers. For more details, see the press release.
Vintners, which operates the Loop Neighborhood Market and Poppy Market brands, is supported by more than 20 fuel tankers that are visible on the highways throughout the Bay Area, where more than 100 company-operated stores are located.
The Troutman Pepper Locke team advising Vintners in the acquisition was led by partners Michael Whitton and Michael McCann, assisted by associates Ben Gourley and Alexis Herskowitz.
Troutman Pepper Locke’s national Real Estate Practice Group helps clients in their most complex real estate transactions. Clients include owners, developers, and financiers of some of the largest projects across the country in both the private and public sectors. The practice has been recognized by several leading industry authorities, including Chambers, Legal 500, and Best Law Firms®, among others.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.