Simpson Thacher has advised J.P. Morgan Securities LLC as lead financial advisor to Columbus McKinnon Corporation (NASDAQ: CMCO) in its proposed all-cash acquisition of STAHL CraneSystems, a business of Konecranes PLC.
STAHL CraneSystems is a leading manufacturer of explosion-protected hoists and crane components and is well known for its custom engineering of lifting solutions and hoisting technology. The transaction value for the acquisition is $240 million with an earn-out potential up to $246 million, if certain earnings goals are met for calendar year 2016.
The Simpson Thacher team includes Sebastian Tiller (Picture), Rob Spatt and Ashleigh Taylor (M&A).
Involved fees earner: Sebastian Tiller – Simpson Thacher & Bartlett; Robert Spatt – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;
Clients: JP Morgan Securities;
