Blackstone’s acquisition of Tradesmen International


Simpson Thacher is representing Blackstone in connection with its announced acquisition of Tradesmen International, LLC (“Tradesmen”) from affiliates of Wellspring Capital Management LLC.

The transaction is expected to close in the first quarter. Financial terms of the transaction were not disclosed.

Tradesmen is the leading agency-based provider of outsourced skilled craftsmen to non-residential construction and industrial contractors in North America.

The Simpson Thacher team includes Elizabeth Cooper (Picture), Leah Baucom, Max Corey (M&A); Alden Millard, Makiko Harunari and Ashley Yoon (Credit); Greg Grogan, Patricia Adams and Monisha Bhayana (ECEB); Gary Mandel, Sophie Staples and John Torrenti (Tax); Michael Isby and Timothy Mulvihill (Environmental); Lori Lesser and Linda Nyberg (IP); Steven DeLott (Insurance); and Michael Naughton, Ellen Frye and Kenneth Ehrhard (Antitrust).

Jones Day advised TII Holding Company, Inc., a 29% shareholder in Tradesman International LLC, in connection with the sale of all of the outstanding membership interests of Tradesman International, LLC to Blackstone and Wellspring Capital Management LLC with a team led by partner Patrick Leddy.

Involved fees earner: Elizabeth Cooper – Simpson Thacher & Bartlett; Max Corey – Simpson Thacher & Bartlett; Alden Millard – Simpson Thacher & Bartlett; Makiko Harunari – Simpson Thacher & Bartlett; Ashley Sunha Yoon – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; Gregory Grogan – Simpson Thacher & Bartlett; Patricia Adams – Simpson Thacher & Bartlett; Monisha Bhayana – Simpson Thacher & Bartlett; Gary Mandel – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; John Torrenti – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Linda Nyberg – Simpson Thacher & Bartlett; Michael Naughton – Simpson Thacher & Bartlett; Ellen Frye – Simpson Thacher & Bartlett; Kenneth Ehrhard – Simpson Thacher & Bartlett; Patrick Leddy – Jones Day;

Law Firms: Simpson Thacher & Bartlett; Jones Day;

Clients: Blackstone; TII Holding Company, Inc.;

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Author: Ambrogio Visconti