Dometic Group’s $875 Million Acquisition of SeaStar Solutions


Arnold & Porter Kaye Scholer LLP acted as legal advisor to American Securities. RBC Capital Markets and Baird acted as financial advisors to SeaStar.

American Securities LLC, a leading U.S. private equity firm, today announced that it has entered into a definitive agreement to sell SeaStar Solutions (“SeaStar” or the “Company”) to Dometic Group (STO: DOM) (“Dometic”) for $875 million. Dometic is a global market leader in branded solutions for mobile living in the areas of Climate, Hygiene & Sanitation, and Food & Beverage. The transaction is expected to close in the fourth quarter of 2017, and is subject to customary closing conditions and regulatory approvals.

SeaStar is a leading, global provider of vessel control, fuel systems and system integration to the marine industry. The Company is the market leader in its key product areas with strong market shares. SeaStar today operates some of the strongest brands in the market, such as SeaStar, xtreme, MOELLER, Optimus, and Sierra. The Sierra aftermarket platform is the world’s largest independent marine aftermarket parts supplier. SeaStar is based in Litchfield, IL, operates 8 facilities, and employs approximately 1,250 people.

The Arnold & Porter Kaye Scholer team was led by Corporate and Finance partners Mel Cherney (Picture) and Tom Yadlon with support from counsel Marci Settle, and associates Danielle Rosato, Sarah Wilhelm, and Jessica Wilkins. The team also included partners Laurie Abramowitz, Sheryl Gittlitz, Jeffrey London, Thomas Magnani, and Peggy Otum, senior counsel Glenn Pogust, counsel Lauretta Moran, associates Jimmy Chen, Connie Ericson, Roxanne Mintz, Gus Weinkam, and Brian Witkowski.

Involved fees earner: Emanuel Cherney – Arnold & Porter Kaye Scholer LLP; Thomas Yadlon – Arnold & Porter Kaye Scholer LLP; Marci Settle – Arnold & Porter Kaye Scholer LLP; Danielle Rosato – Arnold & Porter Kaye Scholer LLP; Sarah Wilhelm – Arnold & Porter Kaye Scholer LLP; Jessica Wilkins – Arnold & Porter Kaye Scholer LLP; Laurie Abramowitz – Arnold & Porter Kaye Scholer LLP; Gus Weinkam – Arnold & Porter Kaye Scholer LLP; Sheryl Gittlitz – Arnold & Porter Kaye Scholer LLP; Lauretta Moran – Arnold & Porter Kaye Scholer LLP; Roxanne Mintz – Arnold & Porter Kaye Scholer LLP; Jeffrey L. London – Arnold & Porter Kaye Scholer LLP; Brian Witkowski – Arnold & Porter Kaye Scholer LLP; Thomas Magnani – Arnold & Porter Kaye Scholer LLP; Jinmin Chen – Arnold & Porter Kaye Scholer LLP; Peggy Otum – Arnold & Porter Kaye Scholer LLP; Connie Ericson – Arnold & Porter Kaye Scholer LLP; Glenn Pogust – Arnold & Porter Kaye Scholer LLP;

Law Firms: Arnold & Porter Kaye Scholer LLP;

Clients: American Securities LLC;

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Author: Ambrogio Visconti