David Lay represents companies and individuals in a broad range of transactional matters, with an emphasis on seed, angel, and venture capital financings, mergers and acquisitions, and general corporate and securities matters. He has significant experience in the organization and ongoing representation of emerging growth, technology, and other companies, including information technology, SaaS, high-tech research, development and manufacturing, biosciences, transportation, and B2B and B2C companies.
David Lay represents companies and individuals in a broad range of transactional matters, with an emphasis on seed, angel, and venture capital financings, mergers and acquisitions, and general corporate and securities matters.
He has significant experience in the organization and ongoing representation of emerging growth, technology, and other companies, including information technology, SaaS, high-tech research, development and manufacturing, biosciences, transportation, and B2B and B2C companies.
David is listed in The Best Lawyers in America© for Corporate Law (2013-present), and he is listed in Virginia Super Lawyers for Securities & Corporate Finance Law (2010-2017) and Mergers & Acquisitions (2018-present). He also has been named among Virginia’s “Legal Elite” for Business Law by Virginia Business (2009, 2014-2016, 2019-present).
David is a mentor at StartupVirginia. He is a former chair (2010), secretary (2009) and executive committee member (2007-2011) of the Richmond Bar Association’s Business Law Section. He previously served as the secretary of the Legal Opinions Committee of the Virginia Bar Association (VBA) and on the VBA’s drafting committee for the Virginia Report on Third Party Legal Opinions in Business Transactions.
He earned his Juris Doctor degree, cum laude, from Washington & Lee University, and he earned his Bachelor of Science degree from the University of Virginia.
M&A Transactions
- Representation of COX Transportation Services and its affiliates in a sale to a buyer group formed by Expedition Capital Partners, Ironwood Capital, and Tecum Capital Partners.
- Representation of Envest Capital Partners, a private equity firm, in its acquisition of Bell & Williams Associates, a provider of repossession, collection, remarketing, and skip tracing services.
- Representation of DDI Transportation, an established drayage and trucking business, in its sale to RoadOne IntermodaLogistics, a single source intermodal, distribution, and logistics services company.
- Representation of Home Care Delivered, a provider of reimbursable medical supplies, in a majority equity investment transaction with a healthcare industry-focused private equity firm.
- Representation of PeakLogix Inc., a material handling systems integrator, in its sale to Alta Equipment Group Inc. (NYSE: ALTG), an industrial and construction equipment company.
- Representation of The Income Tax School, Inc. in its sale to an e-learning company, KnowFully Learning Group, which is part of NexPhase Capital, LP.
Securities Offerings
- Representation of Belle Isle Moonshine, a craft spirit maker based in Richmond, VA, in a notes offering.
- Representation of a growth equity firm in numerous investment rounds totaling more than $25,000,000.
- Representation of a consumer engagement services provider in the healthcare space in several financing rounds totaling over $10,000,000.
- Representation of a large indoor growing facility in a $10,800,000 preferred stock round.
- Representation of Outdoor Access, an outdoor recreation company, in Series A Preferred Stock and Common Stock offerings.
- Representation of a healthcare technology company in numerous financing rounds totaling $18,500,000.
- Representation of Warehowz, LLC, an on-demand warehousing solution, in its Series Seed Preferred Stock offering.
- Representation of an events application program in a $2,500,000 stock offering.
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12.27.2022
Williams Mullen Represents Cox Transportation Services in Acquisition of Texas-Based Freight Transporter
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11.30.2022
65 Williams Mullen Attorneys Named to Virginia Business Magazine’s Legal Elite for 2022
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08.18.2022
123 Williams Mullen Attorneys Listed in 2023 Edition of The Best Lawyers in America©
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07.13.2022
Williams Mullen Represents Virginia-based Dodson Property Management in Merger with National Real Estate and Property Management Firm
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05.31.2022
Williams Mullen Represents Arc Natural Stone in Sale to ASG
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04.22.2022
Williams Mullen Represents Technology Services Firm in Sale
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03.23.2022
Williams Mullen Represents Grenova in Recapitalization
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12.22.2021
Williams Mullen Closes Sale of Dynamic Mobile Imaging to DispatchHealth
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12.06.2021
Williams Mullen Represents E-Learning Provider in Sale
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12.02.2021
48 Williams Mullen Attorneys Named to Virginia Business Magazine’s Legal Elite for 2021
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08.23.2021
124 Williams Mullen Attorneys Listed in 2022 Edition of The Best Lawyers in America©
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06.17.2021
Williams Mullen Represents DroneUp in Investment by Walmart
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04.15.2021
Williams Mullen Represents Home Care Delivered in Strategic Equity Investment
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01.25.2021
Firm Represents PE Firm Envest Capital Partners in Purchase of Bell & Williams
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12.11.2020
Raising Funds to Bring Moonshine to the Masses
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12.03.2020
Williams Mullen Represents a Leading Provider of Training and Certification Programs for Tax Professionals in Sale
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12.01.2020
61 Williams Mullen Attorneys Named to Virginia Business Magazine’s Legal Elite for 2020
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11.19.2020
Williams Mullen Represents COX Transportation Services in Recapitalization Deal
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09.21.2020
SEC Expands the Definition of Accredited Investor
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08.20.2020
116 Williams Mullen Attorneys Listed in 2021 Edition of The Best Lawyers in America©; Most Total Lawyers in Virginia
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06.26.2020
Williams Mullen Represents Material Handling Manufacturer in Sale to Michigan Industrial and Construction Company
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04.07.2020
CARES Act: New SBA Affiliation Guidance Provides No Relief to Startups and Portfolio Companies under PPP and EIDL
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04.03.2020
CARES ACT: Will SBA Affiliation Rules Cause Startups and Portfolio Companies to be Ineligible for PPP and EIDL Loans, and is Relief on the Way?
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12.04.2019
55 Williams Mullen Attorneys Named to Virginia Business Magazine’s Legal Elite for 2019
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08.15.2019
119 Williams Mullen Attorneys Listed in 2020 Edition of The Best Lawyers in America©
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07.25.2019
Williams Mullen Adds Three Corporate Attorneys