Heidi's Bio

Heidi A. Carpenter is a commercial, business, and mergers and acquisitions attorney, and she is the Chief Executive Officer of Fafinski Mark & Johnson. Heidi represents closely held businesses, entrepreneurs, investors, and middle-market companies throughout Minnesota and beyond. Heidi leads the firm’s Corporate & Business Law and Mergers & Acquisitions Practice Groups, and she brings more than 25 years of experience advising companies at every stage of growth.

Heidi focuses her practice on business law, corporate governance, and mergers and acquisitions, regularly representing buyers, sellers, investors, lenders, and management teams in complex transactions. Her M&A experience includes stock and asset purchases, business sales, recapitalizations, joint ventures, and strategic investments, with deal values ranging from early-stage transactions to acquisitions exceeding $215 million. Clients rely on Heidi as a practical, solutions-oriented M&A lawyer who understands both the legal and business realities of transactions.

In addition to her mergers and acquisitions work, Heidi serves as outside general counsel to Minnesota-based companies across a wide range of industries. Her business law practice includes entity formation, shareholder and operating agreements, contract negotiation, executive compensation, succession planning, and employment-related matters. She regularly advises business owners and executives on risk management, compliance, and long-term strategic planning.

Heidi also assists clients in handling a variety of employment and HR matters, with an eye toward preventing potential litigation. Heidi has experience providing HR professionals and business owners with personnel policies and strategies related to discrimination, harassment, non-compete, trademark and intellectual property protection, employee benefits, employment and contractor agreements, hiring and firing procedures, and employment law compliance. An experienced and fine-tuned drafter, she is particularly adept in drafting compensation plans and agreements, employment policies and non-qualified plans.

Heidi’s work as a Minnesota corporate, business, and M&A attorney has earned consistent recognition. She has been named a Minnesota Super Lawyer annually since 2014, recognized as one of Minnesota’s Top Women in Law, ranked by Chambers and Partners as a leading Corporate/M&A attorney in Minnesota, and included in Forbes’ America’s Best-in-State Lawyers and The Legal 500 Minneapolis Elite.

As CEO of FMJ, Heidi combines her legal practice with firm leadership, helping guide the firm’s growth while maintaining a client-focused approach to legal service. She was unanimously selected as Chief Executive Officer, reflecting her reputation as a trusted leader within the Minnesota legal and business communities. Heidi is also committed to service beyond her client work. For example, she provides pro bono counsel to a breast cancer foundation and actively mentors a number of attorneys and business professionals.

   

University of Wisconsin- Madison (BA in Political Science)
Hamline University School of Law (JD)

State of Minnesota

Pro bono employment counsel to Hope Chest for Breast Cancer (2014 – present)

  • Represented Northern Tool + Equipment in its purchase of The Sportsman’s Guide and The Golf Warehouse for $215 million.
  • Represented privately-held print media placement company by large public company for $180 million.
  • Represented commercial healthcare development company in sale to a national real estate trust for $110 million.
  • Represented U.S. investors in loan transactions in excess of $60 million with large European hedge fund for the purchase and operation of casino gaming machines in Mexico.
  • Represented founder of privately-held fitness franchisor in minority stock sale to private equity fund for $40 million.
  • Represented privately-held steel distribution and processing center in sale of equity interests to large public company for $30.5 million.
  • Represented private investors in acquisition of international manufacturer of thermal processing and environmental simulation equipment for $24.2 million.
  • Represented international manufacturing facility in securing $24 million commercial and export credit facility from commercial bank.
  • Represented purchasers in stock acquisition of a national insurance and underwriting company from a grocery conglomerate for $12.7 million.
  • Represented shareholder group in asset sale of national, commercial pork production operation to private investors.
  • Represented regional bank in series of multi-million dollar loan transactions for construction of various railroad lodging facilities across the U.S.
  • Represented venture capitalists in stock acquisition of largest, privately-held sign manufacturing company in Minnesota.

“I am committed to understanding my clients and their goals.  As their counsel, in addition to giving my clients sound legal advice, I assist them in implementing the best course of action for their business.  If I can’t add value to a client’s business, I’ve failed that client as their trusted counsel.”

Heidi and her husband have three daughters who are finishing college and graduate school. When she is able to step away from her legal work, Heidi enjoys reading, fundraising for schools and community organizations, cheering for Wisconsin sports teams, and catching up with friends.

News About Heidi

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November 2025

FMJ Named to the Best Law Firms Lists in 8 Categories!

Including five Tier 1 rankings. Thank you for all of the support this year! Read more

November 2025

Heidi Carpenter Selected for Ranking on Legal500 Minneapolis Elite

Congratulations on this well-deserved honor, Heidi! Read more

October 2025

FMJ Selected as One of the Best Women-Led Firms in Minnesota

This is FMJ's second year on this prestigious list! Read more

October 2025

2025 FMJ Women Uncorked: An Evening of Women, Wine, and Wisdom

The firm hosted another great event celebrating women in business. Read more

August 2025

18 FMJ Attorneys Selected for the 2026 Best Lawyers and Ones to Watch Lists

Congratulations on this well-deserved honor! Read more

July 2025

Minnesota Monthly Selects 11 FMJ Attorneys for the 2025 Top Lawyers List

Congratulations to these 11 attorneys across 9 practice areas! Read more

July 2025

FMJ Attorneys Named to the 2025 Super Lawyers and Rising Stars Lists!

Congratulations to these 12 attorneys, and thank you for another excellent year. Read more

July 2025

Heidi Carpenter Named to the Forbes America’s Best-in-State Lawyers List

Congratulations, Heidi, on being selected as one of only eight attorneys in Minnesota. Read more

June 2025

FMJ Selected for Multiple 2025 Chambers and Partners Rankings!

FMJ is ranked on the USA-Minnesota Corporate/M&A list and the USA-Nationwide Aviation Transactions list! Read more

May 2025

Heidi Carpenter to Present at the 2025 Ally Law Annual Global Meeting

Heidi will discuss business planning strategies. Read more

March 2025

Heidi Carpenter to Speak at TechFest 2025

Heidi will discuss leadership, community, and team dynamics. Read more

March 2025

Corporate Closings!

Spring 2025 Read more

December 2024

FMJ Honored as the 2024 Eden Prairie Business of the Year!

Thank you to the Eden Prairie Chamber of Commerce for this recognition. Read more

October 2024

Heidi Carpenter Honored as One of the 2024 Top Women in Law!

Congratulations on this well-deserved honor, Heidi! Read more