Attorneys in Bradley’s Corporate and Securities Practice Group served as outside counsel for the owners of Process Equipment Holding, LLC, during the company’s sale to a private equity fund. Process Equipment, also known as Process Barron, designs, manufactures, installs, maintains, and repairs custom-designed air, gas, and materials handling equipment for a variety of heavy industrial applications, including energy efficiency and pollution reduction solutions. The firm was a family- and management-owned business before its 2015 purchase by a holding company owned by the Sterling Group, a private equity fund headquartered in Houston.
The acquisition was a complicated transaction requiring experience from a number of practice areas to ensure that it remained in compliance with all relevant legal and regulatory requirements. Process Equipment’s family and management team reinvested in the deal, adding to the complexity of the matter.
Bradley leveraged its broad range of services to form a cross-disciplinary team to handle the variety of legal matters that arose as part of the sale. Experienced attorneys from the firm’s corporate, tax, antitrust, ERISA, and environmental practices collaborated to provide assistance with the structure, negotiation, and drafting of the Interest Purchase Agreement and ancillary agreements, and provided support with U.S. antitrust clearance, due diligence, and closing. The firm’s client-focused practice played an integral role in helping Process Equipment successfully carry out its transaction.