BHP Partners CO., LP, e al. v. Chandler Keel

CourtCourt of Chancery of Delaware
DecidedJune 16, 2026
DocketC.A. No. 2025-1289-MTZ
StatusPublished

This text of BHP Partners CO., LP, e al. v. Chandler Keel (BHP Partners CO., LP, e al. v. Chandler Keel) is published on Counsel Stack Legal Research, covering Court of Chancery of Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
BHP Partners CO., LP, e al. v. Chandler Keel, (Del. Ct. App. 2026).

Opinion

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

BHP PARTNERS CO., LP and BRADFORD HEALTH SERVICES, LLC,

Plaintiffs, v. C.A. No. 2025-1289-MTZ

CHANDLER KEEL,

Defendant.

ORDER GRANTING PLAINTIFFS’ MOTION FOR A PRELIMINARY INJUNCTION

WHERAS, having considered the Motion for Preliminary Injunction (the

“Motion”) filed by Plaintiffs BHP Partners Co., LP (the “Partnership”) and its

wholly owned subsidiary Bradford Health Services, LLC (“Bradford” and with the

Partnership, “Plaintiffs), and related briefing, it appears that:1

1 Citations in the form “POB” refer to Plaintiffs’ Opening Brief in support of Motion for a Preliminary Injunction, available at C.A. No. 2025-1289-MTZ, docket item (“D.I.”) 65. Citations in the form “DAB” refer to Defendant Chandler Keel’s Answering Brief in Opposition of Plaintiffs’ Motion for Preliminary Injunction, available at D.I. 73. Citations in the form “PRB” refer to Plaintiffs’ Reply Brief in Further Support of Their Motion for a of Preliminary Injunction, available at D.I. 78. Citations in the form “Mot.” refer to Plaintiffs’ Motion for a Preliminary Injunction, available at D.I. 3. Citations in the form “A____” refer to the Parties’ Appendix of Documents relied on in briefing the Motion, available at D.I. 66, D.I. 67, D.I. 68, D.I. 69, D.I. 74, D.I. 75, and D.I. 78. Citations in the form “Marsh Aff.” refer to the Affidavit of Rob Marsh, available at D.I. 65. Citations in the form “Keel Aff.” refer to the Affidavit of Chandler Keel in Support of His Opposition to Plaintiffs’ Motion for Preliminary Injunction, available at D.I. 73. Citations in the form “Marsh Supp. Aff.” refer to the Supplemental Affidavit of Rob Marsh, available at D.I. 77. Citations in the form “ISA” refer to the Incentive Securities Agreement, available at D.I. 75, App’x Part 4 at A0195–210. A. Bradford owns and operates facilities that provide addiction treatment

and recovery services.2 Bradford’s facilities offer services across a broad continuum

of care, including inpatient treatment, detox, partial hospitalization, outpatient

treatment, and continuing care services.3 Bradford currently operates facilities in

Alabama, Florida, Indiana,4 Mississippi, North Carolina, Tennessee, and Texas.5

When this action began Bradford had considered expanding its operation to several

additional states, including Virginia, Indiana, and Ohio.6 Bradford’s facilities accept

a broad range of payment options, including private pay, commercial insurance, and

Medicaid.7 The Partnership sits atop a number of “Consolidated Entities,” each of

which “are engaged in the business of owning and operating treatment facilities or

owning land or real estate used for treatment facilities.”8

2 Marsh Aff. ¶¶ 2–5. 3 Id. ¶ 11; see The Bradford Difference, https://bradfordhealth.com/about/ (last visited June 9, 2026). 4 After commencing this action, Plaintiffs acquired a facility in Indiana and now operate the Parkdale facility in Chesterton, Indiana. A1909–12, Marsh Dep. 157–69. 5 D.I. 12 [hereinafter “Ans.”] ¶14 (admitting Bradford operates facilities in “Alabama, Florida, Mississippi, North Carolina, Tennessee, and Texas.”); A1909, Marsh Dep. 157 (confirming Bradford acquired the Parkdale facility in Indiana); Marsh Aff. ¶ 4; Explore our Location and Services, https://bradfordhealth.com/locations/(last visited June 9, 2026). 6 D.I. 1 [hereinafter “Compl.”] ¶ 14; Marsh Aff. ¶ 5; A1909–12, Marsh Dep. 157–69. 7 Marsh Aff. ¶ 6. 8 Marsh Supp. Aff. ¶¶ 3, 4, Ex. A. 2 B. On March 30, 2023, defendant Chandler Keel accepted Bradford’s

employment offer to serve as its Vice President of Business Development.9 His

responsibilities included “executing a strategy of growth” and “assuming overall

leadership of day-to-day financial and control operation of [Bradford].”10

C. Keel’s offer letter (“Offer Letter”) included key terms of Keel’s

employment, including an annual base salary of $200,000, a performance bonus

capped at 20% of that salary, equity awards, benefits, management responsibilities,

and terms governing his termination.11 The Offer Letter barred Keel from competing

with Bradford during his employment and for six months thereafter.12 The Offer

Letter’s noncompete applied to “any business conducted or specifically planned to

be conducted by the Company.”13 Keel negotiated the Offer Letter terms directly

with Bradford’s then-Chief Executive Officer (“CEO”) and agreed to the

noncompete in exchange for the right to a severance payment, if terminated without

cause, and for the ability to renegotiate his bonus structure after six months of

9 Ans. ¶ 23; A0597–600; see A0117–20. 10 A0118. 11 Ans. ¶ 24; A0117–20. 12 Ans. ¶ 25; A0117–20. 13 Ans. ¶ 26; A0117–20. 3 employment.14 The Offer Letter requested Keel to execute and revert if the terms

were acceptable, which he did.15

D. The Partnership granted Keel equity units in August 2023.16 In

connection with that transaction, Keel signed an Incentive Securities Agreement

(“ISA”) and joinder agreement (“Joinder Agreement”) by which Keel became a

party to and agreed to be bound by the Partnership’s operative partnership agreement

(the “LPA”).17 The ISA includes an integration clause incorporating the terms of

14 A0597–602. On March 29, Keel emailed Bradford’s CEO noting the Offer Letter included a noncompete provision, but did not mention severance as previously discussed. A0597. In response, the CEO noted “I did not discuss non-compete at all” and instructed Keel to discuss that provision with the Vice President (“VP”) of Human Resources (“HR”). Id. That afternoon, the VP of HR spoke with Keel about the Offer Letter’s noncompetition provision. A0598. Keel then emailed the VP of HR asking him to “disregard our prior conversation” and explained he would accept the offer if the Offer Letter was revised to include a 3-month severance payment in the event he was terminated without cause and the right to renegotiate the bonus structure after 6 months of employment. A0601. Bradford agreed to Keel’s requested revisions, which are reflected in the Offer Letter. A0600–01; A0117 (“[Keel] will have the option to renegotiate the bonus incentive plan after 6 months of employment in conjunction with Board direction and approval.”); A0118 (providing “a severance benefit equal to three months’ Base Salary”). When asking for the revision, Keel noted the noncompete provision need not be changed. A0601. 15 A0119–120; Ans. ¶¶ 23–26. 16 See generally, ISA; Ans. ¶¶ 27–31. 17 ISA; id. § 8(e); id. at Joinder; Ans. ¶¶ 27–33. 4 the LPA.18 The ISA also includes Delaware choice of law and forum selection

provisions.19

E. In that transaction, Keel agreed to be bound by the restrictive covenants

in the LPA.20 The Partnership had narrowed those covenants in 2023.21 The

noncompete and confidentiality covenants are relevant here.22 The LPA is governed

by Delaware law and includes a forum selection clause designating this Court or the

District Court for the District of Delaware.23

F. The noncompete provides, in relevant part:

Noncompetition.

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BHP Partners CO., LP, e al. v. Chandler Keel, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bhp-partners-co-lp-e-al-v-chandler-keel-delch-2026.