Thomas R. Candrick Jr.

Partner

New Haven
tcandrick@carmodylaw.com

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203.784.3103

Legal Services

Education

University of Pennsylvania School of Law, J.D., 1975
University of Pennsylvania, The Wharton School, M.B.A., 1975
Cornell University, B.A., 1969

Admissions

Bar Admissions

Connecticut

Court Admissions

U.S. District Court, District of Connecticut

Back to Our Team

Home » Our Team » Thomas R. Candrick Jr.

Tom represents clients in the areas of corporate and commercial law. His practice involves the structuring, acquisition, financing, growth and sale of business entities and counseling clients on a wide variety of business-related legal issues including corporate, governance, joint ventures, national and international product distribution issues and disputes among business owners. Banking clients have retained Tom in connection with documenting, financing and the workout of various types of loans, including senior secured commercial loans, participation in nationally syndicated credit facilities and real estate loans.

Affiliations

American Bar Association, Business Law Section
Executive Committee of the Connecticut Bar Association Business Law Section
New Haven Bar Association

Distinctions

Lifetime Achievement, Connecticut Law Tribune, 2022
Inducted into the Junior Achievement Business Hall of Fame – New Haven, 2018
Connecticut Super Lawyers® – Business & Corporate Law, 2008-2011
Beta Gamma Sigma, 1975

Community

Board Member and Treasurer, Fair Haven Community Health Center
New Haven Regional Leadership Council, Inc.
Turnaround Management Association, Inc.
Junior Achievement
Board President, International Association of New Haven
Smaller Manufacturers of Connecticut, Inc.
Association for Corporate Growth

Experience

Counsel to a company and its shareholders in financing “add-on” acquisitions and subsequent sale of a commercial and consumer products company to a private equity fund for purchase price in excess of $100,000,000.
Represented a publicly held utility in numerous cogeneration and clean energy projects.
Counsel to senior secured lender providing $30,000,000 in financing to private equity group to acquire and expand a golf wear business.
Counsel to foreign owned company in the tax-free spin-out under Section 355 of Internal Revenue Code, of an operating business in exchange for the equity interest of a minority share.

The Small Business Reorganization Act (“SBRA”): Small Business Options for PPP Loan Forgiveness

June 22, 2020

Back in March, Congress enacted the Paycheck Protection Program (“PPP”) under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act, previously detailed here. The PPP authorized unsecured loans to businesses with up to 500 employees along with loan forgiveness for businesses meeting certain restrictions and guidelines for employee retention and
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Remote Member Meetings for Connecticut Nonstock Corporations During the COVID-19 Emergency

May 15, 2020

On Wednesday, May 13th, Governor Ned Lamont issued Executive Order NN temporarily permitting Connecticut nonstock corporations to conduct member meetings, including annual meetings, remotely. This Executive Order allows Connecticut nonstock corporations to hold member meetings and conduct corporate business without in-person gatherings during the COVID-19 emergency. Executive Order NN creates
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Loans and Tax Incentives for Businesses Under the CARES Act

April 04, 2020

On March 27th, 2020, Congress enacted the Coronavirus Aid, Recovery, and Economic Security Act (“CARES Act”) to provide relief to struggling businesses through the newly expanded SBA Section 7(a) Paycheck Protection Program, the amended SBA Economic Injury Disaster Loan program, SBA Emergency Grants, and Mid-Size Business direct loans. 7(a) Loans—Paycheck
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