Aaron C. Nyquist

Aaron is a corporate attorney who leverages over a decade of global experience to help his clients solve multi-jurisdictional legal questions and close complex transactions around the world.

He focuses his practice on international and domestic mergers and acquisitions, joint ventures, private equity, and international business transactions. Aaron brings an in-house counsel’s perspective to listen to his clients’ concerns and work to develop efficient, practical solutions to legal matters globally. He speaks regularly on cross-border legal issues and has successfully closed a number of transactions involving review by the Committee on Foreign Investment in the United States for foreign-owned clients.

Throughout his career, Aaron has litigated cross-border IP disputes, advised on U.S. commodity futures laws, and executed complex multi-step corporate transactions over different time zones with dozens of legal entities. Having the benefit of a varied suite of experiences, he brings a pragmatic approach to evaluating legal issues and is well-versed in managing multiple stakeholders to bring a project to completion. Equally at home in the boardroom or the Boundary Waters Canoe Area Wilderness, he enjoys listening to and working with clients to understand their objectives and help find ways to accomplish them in the most straightforward way.

Prior to joining the firm, Aaron was responsible for international corporate governance affairs at UnitedHealth Group, where he worked with executive leadership to manage board and shareholder activity and advise on financing and restructuring transactions in Europe, South America, and Asia-Pacific. Before that, he practiced at DLA Piper LLP (US), where he focused on global restructurings, M&A, and international corporate transactions for Fortune 100 corporations.

Aaron lives in Minneapolis with his wife and daughter and spends much of his free time skiing, canoeing, fly fishing, and otherwise exploring the outdoors.

Cross-Border Mergers & Acquisitions and Joint Ventures

• Advised French manufacturer of high-performance polymers, composites, and precision metal parts in multiple U.S. acquisitions involving CFIUS review.
• Advised South Korean manufacturing conglomerate in carve-out acquisition of a U.S. healthcare technology company.
• Advised UK based private equity firm on acquisition of a U.S. software company.
• Advised U.S. startup on international joint venture as part of acquisition of an India software company.
• Advised U.S. lubricants manufacturer in its proposed joint venture with a Malaysian state-owned petrochemical company.
• Represented the founders of WeCool Toys, a global designer and manufacturer of dynamic toys, crafts, and compound kids products, in its sale to Paladone, a British company that designs, develops, and sells licensed and branded giftware.
• Advised on Fortune 5 healthcare company’s divestment of its joint venture interest in an India health insurer.
• Represented U.S. coatings manufacturer in its proposed €55 million acquisition of French and Chinese operating entities.
• Represented Deere & Company in its acquisition of PLA S.A., an Argentinian manufacturer of agricultural products.

Domestic Mergers & Acquisitions

• Represents numerous leading national middle market private equity funds in multiple add-on acquisitions for a range of portfolio companies in the commercial services, precision manufacturing, and professional services industries.
• Represents Thermogenics, a Morgan Stanley Capital Partners (formerly Audax) company and provider of full lifecycle solutions for commercial and industrial boilers, in a series of strategic acquisitions across North America, expanding the platform’s service, maintenance, fabrication, and installation capabilities within the boiler and industrial combustion sectors.
• Represents PremiStar, a portfolio company of Partners Group and provider of commercial and industrial HVAC, plumbing, and building automation services, in 8+ strategic acquisitions to date throughout the U.S.
• Represented Outsell, a SaaS provider of customer engagement technology in the automotive space, in its sale to Impel AI.
• Represents Fortra, LLC in various acquisition matters.

Global Restructurings and Financing

• Managed legal entity rationalization and consolidation involving the U.S. and Mexican operations of a French manufacturer of high performance polymers, composites, and precision metal parts.
• Managed the capitalization of numerous Colombian, Chilean, and Brazilian operating entities through a UK holding structure for a Fortune 5 healthcare company.
• Advised Fortune 5 healthcare company in a major $10 billion debt consolidation project and entity rationalization through its European holding structure.
• Advised on major restructuring transaction involving the transfer of a listed debt instrument and associated liabilities with a total value in excess of $10 billion through European and Caribbean holding structures to optimize further acquisition financing.
• Managed and advised on $3 billion debt restructuring transaction within European and Caribbean holding structures.
• Advised on and coordinated quarterly cash management and dividend-planning to repatriate in excess of $1 billion to the U.S. per annum for a Fortune 5 healthcare company from 2018-2021.
• Represented Ecolab Inc. in its pre-acquisition financing and post-acquisition integration during its $800 million acquisition of Laboratoires Anios.
• Represented Toro Company in its pre-acquisition financing for its acquisition of Regnerbau Calw GmbH.

Corporate Governance and Entity Management

• Advised U.S. subsidiary of a German multinational chemical distributor on U.S. corporate governance and employment matters.
• Managed, oversaw, and developed new processes to coordinate all aspects of corporate governance and compliance for the international subsidiaries of a Fortune 5 healthcare company, covering more than 100 entities in 20+ jurisdictions.
• Analyzed and developed framework for compliance with economic substance and ultimate beneficial ownership reporting in Barbados, India, Hong Kong, the Netherlands, and the UAE.
• Managed domestic legal entity rationalization project for Fortune 200 corporation involving coordinate dissolutions and mergers in 12 states.

International Commercial Transactions

• Advised U.S. subsidiary of a Danish manufacturer of high-end audio equipment on their U.S. distributor, reseller, and sales representative agreements.

Education

• Hamline University School of Law, J.D., 2011, magna cum laude
• Luther College, B.A. (History; Music), 2008, magna cum laude

Admissions

• Minnesota, 2011
• U.S. District Court for the District of Minnesota, 2011
• U.S. Court of Appeals for the Eighth Circuit, 2012
• U.S. Court of Appeals for the Federal Circuit, 2013

Professional Activities

• American Bar Association, Member
• Minnesota State Bar Association, Member
• MSBA International Business Law Section Council, Member (2017-present), Vice-Chair (2025-2026)
• Global Minnesota, Member

Community

• LegalCORPS, Volunteer Attorney, 2014-present
• Election Protection, Volunteer Attorney, 2020-present
• Golden Valley Orchestra, Board Member and Principal Trombone, 2023-present