The corporate finance team at Stinson Leonard Street served as counsel to Kansas City entrepreneur John Sherman in his successful bid to become a minority owner of the Cleveland Indians. The team announced Sherman as a vice chairman Aug. 19, 2016.
Sherman started and developed two businesses in Kansas City. The first, LGP Services group, merged with Dynegy in 1996. Sherman later founded Inergy LP, which went public in 2001 and merged with Crestwood Holdings in 2013. He is a board member of the merged company, Houston-based Crestwood Equity Partners.
The Stinson Leonard Street attorneys principally involved in the transaction were Kansas City partners Jim Allen (corporate finance) and Ben Hobert (tax.)
Read the full announcement on Cleveland Indians website.