First Reserve’s $135 Million Acquisition Of Lamons Business

Vinson & Elkins advised First Reserve

Vinson & Elkins advised First Reserve in connection with the acquisition of TriMas Corporation’s Lamons business for $135 million in cash, subject to customary working capital and purchase price adjustments.

The closing is expected to occur by the end of the first quarter of 2020, and remains subject to customary regulatory approvals and closing conditions. BofA Securities is serving as financial advisor and has led the sale process, while Jones Day is serving as outside legal counsel for TriMas. Current Capital is serving as financial advisor to First Reserve and Vinson & Elkins is serving as its outside legal counsel.

First Reserve is a leading global private equity investment firm exclusively focused on energy.

The V&E corporate team was led by partner Shamus Crosby (Picture) and senior associate Robert Hughes.

The Jones Day team was led by Patrick Leddy and Erin De La Mare.

Involved fees earner: Erin de la Mare – Jones Day; Patrick Leddy – Jones Day; Shamus Crosby – Vinson & Elkins LLP; Robert Hughes – Vinson & Elkins LLP;

Law Firms: Jones Day; Vinson & Elkins LLP;

Clients: First Reserve Corporation; TriMas Corporation;

Author: Ambrogio Visconti