DeWitt LLP law firm announced today that it represented J&R Schugel Trucking, Inc. (JRS) of New Ulm, Minnesota, in its October 31, 2025, acquisition by Interstate Personal Services, Inc. (IPS).
The transaction involved two employee stock ownership (ESOP) entities, as well as JRS and its affiliated equipment leasing and freight brokerage entities. Over the course of approximately five months, a multi-disciplinary DeWitt deal team, including members from its ESOP, transportation and logistics, employment, and corporate practice groups, guided JRS through a complex, multi-million dollar transaction structured as a share exchange.
Read More About DeWitt Represents J&R Schugel Trucking in
Multi-Party ESOP Transaction
DeWitt LLP is pleased to share that Partner Terry Gerbers was recently featured on the M&A Mastermind Podcast, hosted by Nick Olsen of Cornerstone International Alliance. With over 30 years of experience as a mergers and acquisitions (M&A) attorney, Terry provided valuable insights into the complexities of M&A transactions and the critical role attorneys play in ensuring successful outcomes.
Read More About DeWitt Partner Terry Gerbers Featured on M&A Mastermind Podcast
The Treasury Department has announced that U.S. citizens and domestic reporting companies will not face penalties for failing to comply with Corporate Transparency Act (CTA) reporting requirements — at least for now. This decision follows months of uncertainty for small business owners navigating ongoing litigation and deadline changes. Read More About Treasury Department Suspends Enforcement of Corporate Transparency Act Against Domestic Citizens and Reporting Companies
On February 17, 2025, the U.S. District Court for the Eastern District of Texas (the "Eastern District") lifted its injunction in Smith v. United States Department of the Treasury, et al. Read More About Corporate Transparency Act Reporting Requirements Take Effect on March 21, 2025
