Best & Flanagan


Charles C. Berquist


Charlie Berquist is a partner in the firm’s Business Law practice area. His clients include individuals, for-profit businesses of all sizes and types, nonprofit organizations and public pension plans. He has represented clients in a wide variety of transactions and projects including start-ups, transition and succession planning, debt and equity financing, mergers and acquisitions, technology agreements and executive employment and separation agreements.

Charlie has extensive experience and expertise in executive compensation, including incentive and equity compensation plans, qualified and non-qualified retirement plans, and other employee benefits. He regularly advises clients on benefit plan design, drafting and administration, and compliance with ERISA, the Internal Revenue Code and other applicable laws.

Charlie’s recent projects include:

  • In January 2017, represented the owners of a multi-state staffing company in a sale to a private equity firm in a $6.1 million transaction.
  • Represented the buyers of a prototyping and machining company in April 2016 for $8.6 million. Previously represented the same buyers in the purchase and sale of their prior company.
  • Represented a private equity firm with one of his partners in the sale of a medical insurance company for $32 million in March 2016.
  • With two of his partners, represented the buyer of a distressed manufacturing company in August 2014, in which the buyer paid the purchase price by assuming $17 million of debt of the seller.
  • With one of his partners, represented an insurance company in the purchase of another insurance company for $140 million in June 2013.
  • Obtained IRS approval in October 2012 on behalf of a large health care system for termination of the system’s $500 million pension plan.
  • Represented an equipment manufacturer and its shareholders in a $20 million asset sale to a public company in October 2012.
  • Represented the officers of a company sold to a public company for $80 million in February 2012.  Previously represented the same officers when the company was sold in 2007.

Recent Articles:

“DOL Fiduciary Rule becomes effective June 9, 2017, but no enforcement prior to January 1, 2018”


  • Notre Dame University, J.D., magna cum laude
  • Macalester College, B.A.

Practice Areas


  • State of Minnesota
  • U.S. District Court, District of Minnesota
  • U.S. Claims Court

Professional Associations & Memberships

  • American Bar Association
  • Minnesota State Bar Association (Business Law Section)
  • Hennepin County Bar Association