AFI Partners’ Acquisition of Aviation and Truck Equipment

PPaul Hastings advised AFI Partners on the deal

Wabash National Corporation (NYSE: WNC), a diversified industrial manufacturer and a leading producer of semi-trailers, truck bodies and liquid transportation systems, executed the selling its Aviation and Truck Equipment (AVTE) business to Garsite Progress, LLC, an entity formed by AFI Partners, a New York-based private equity firm, with the transaction effective today.

AVTE, based in Kansas City, Kansas, was added to Wabash National’s Diversified Products Group portfolio via the acquisition of Walker Group Holdings in 2012. AVTE includes the Progress Tank brand of truck-mounted tanks for fuels, oil and waste, as well as Garsite branded aircraft refueling equipment. Both businesses will continue operations under ownership of AFI Partners.

The Paul Hastings team was led by partners Amit Mehta and Kfir Abutbul (Picture), and also included partner Todd Schwartz and associates Monica Diddell and Chris Cottrell.

Involved fees earner: Kfir Abutbul – Paul Hastings; Christopher Cottrell – Paul Hastings; Monica Diddell – Paul Hastings; Amit Mehta – Paul Hastings; Todd Schwartz – Paul Hastings;

Law Firms: Paul Hastings;

Clients: AFI Partners LLC;

Avatar

Author: Ambrogio Visconti