Ralph Strangis, a dean of the Minnesota law scene who put together some of the state’s biggest deals over a 50-year career, has died.
He was 82. He died of heart disease Wednesday night at his home in Minneapolis.
Strangis played a key role in many significant transactions, including the 1986 merger of Republic Airlines and Northwest Airlines and the initial public offering of TCF Financial Corp., the state’s third-biggest. He also helped put together the private-public partnerships to build Target Field for the Twins in Minneapolis a decade ago and Allianz Field for Minnesota United in St. Paul.
Even as heart problems worsened, Strangis never retired. Last week, he toured in a wheelchair the under-construction soccer stadium in St. Paul with William McGuire, principal owner of Minnesota United.
A son of working-class parents, Strangis always lived in northeast Minneapolis. As a student, he worked at Vescio’s restaurant, owned by relatives.
Strangis and Sam Kaplan left a large firm in 1978 to form their own business-law boutique, called Kaplan, Strangis and Kaplan, that focused on advisory and transaction services.
“When we graduated in law school [in 1960], lawyers were expected to sit at the end of the table while the clients negotiated,” Sam Kaplan said Friday. The old saying was: ‘If you really want bad business advice ask a lawyer. Ralph put the lie to that notion. He had extraordinary business acumen, as well as being an excellent lawyer.
“Ralph’s clients felt he loved them and that he strongly understood business and legal issues. He liked nothing better than to quarterback a transaction.”