Power further strengthens Polsinelli’s ESOP experience and expands Corporate & Transactional Practice
Am Law 100 firm Polsinelli welcomes corporate law veteran Sean Power as a shareholder in the firm’s Kansas City, Mo. headquarters office. Power brings more than 25 years of experience as a member of Polsinelli’s national Corporate & Transactional Practice, representing both private and public companies on corporate matters. He will primarily focus on matters and transactions involving Employee Stock Ownership Plans (ESOPs) and ESOP-owned companies.
“Sean is a seasoned corporate attorney with a plethora of legal experience from both the general counsel and private firm perspectives,” said Corporate & Transactional Practice Chair Jonathan K. Henderson. “He is among the most strategic-minded lawyers in our industry, seeking solutions to mitigate risk and focusing on solutions for his clients’ business goals. We’re glad to have him on our team.”
Power regularly assists clients with ESOP transaction planning and design, formation, operation and regulation. He represents corporate ESOP sponsors, their shareholders, lenders and trustees. He is also involved in assisting ESOP companies on a variety of corporate matters, including serving as outside general counsel, and providing innovative legal solutions to help businesses achieve their objectives.
With a background in both business and legal roles, Power leverages his experience serving more than a decade as General Counsel and a member of the executive team for the North American business units of a publicly-traded company, which included steelmaking, international trade, construction, manufacturing and engineered building solutions. Power oversaw all legal affairs, in addition to managing tax, insurance, government relations and strategy for these businesses, which in aggregate comprised more than $2.5 billion in revenue.
“Having been embedded in a business for the past decade, I understand the challenges, opportunities and realities today’s companies and executives face, and am eager to partner with clients to achieve their goals through practical, business-focused solutions,” said Power. “In addition to having one of the top ESOP groups nationwide, Polsinelli has an impressive coast-to-coast team of dedicated specialists in real estate, IP, corporate/M&A, business litigation and other areas. That team, paired with Polsinelli’s focus on excellent client service, proved to be the perfect match for what I was seeking at this stage in my legal career. I am glad to be part of the team.”
Power’s deep corporate law experience includes acting as a fiduciary committee member for a $200M+ defined benefit plan and $400M+ defined contribution plan, leading the legal workstream in the development of a $700M heavy manufacturing capacity expansion capital project, managing and negotiating the sale of a manufacturer of non-residential construction products to a strategic buyer for $145M, and drafting and negotiating several $1B take-or-pay supply agreements with domestic and overseas raw materials suppliers, to name a few.
Power earned a Bachelor of Business Administration degree from Southern Methodist University prior to receiving a J.D. from the University of Missouri-Kansas City School of Law. He has furthered his education throughout his professional career through programming, including a “Mini-MBA” from Boston University in 2011, the Melbourne Business School’s (Melbourne, AU) “Executive Essentials” in 2013 and the “Strategic Business Leadership” program from the University of Chicago in 2015.
Polsinelli’s growing national Corporate & Transactional Practice provides a range of legal services from selecting the appropriate choice of entity through exit strategies and everything in between during the life cycle of a business. As part of the practice’s effort to further expand and strengthen its capabilities through growth, Power joins other recent members of the practice, including Bryan Wasser (Principal-Los Angeles), Edward T. Laborde (Shareholder-Houston) and Natalie A. Fortenberry (Shareholder-Dallas).
“Sean is an extraordinary addition to our national ESOP practice,” said Polsinelli Shareholder Bob Grossman, who leads the firm’s National ESOP Practice. “We’ve known and worked with Sean for a long time and believe that his hands-on business experience, seasoned strategic thinking and great insight into certain industries, including construction, design, engineering and manufacturing, will make him a powerful resource for our existing and future ESOP-owned companies. We are thrilled to have him as part of our team.”