Olshan Frome Wolosky LLP acted as legal counsel to Kentucky Trailer. Lincoln International advised CEI on the transaction and Belin McCormick PC acted as legal counsel to CEI.
Alleghany Capital Corporation’s subsidiary, R.C. Tway Company, LLC, a leading manufacturer of custom trailers and truck bodies serving a variety of end markets, has reached a definitive agreement to acquire a majority interest in CEI Equipment Company LLC.
Headquartered in Cedar Rapids, Iowa, CEI is a global industry leader in the production and service of a broad range of aluminum feed transportation equipment. CEI is led by management members, Dan McDowell, Jim Ross, and Jim Stoelk.
R.C. Tway Company, LLC is the parent company of four operating segments: (i) Kentucky Trailer Manufacturing (KTM), which designs, builds and manufactures custom trailers and truck bodies for the moving and storage, snack food, package delivery, and logistics industries as well as other niche markets; (ii) Kentucky Trailer Services (KTS), which delivers complete repair, reconditioning, paint, graphics, and other services for truck bodies, drop frames, and expandables; (iii) Kentucky Trailer Specialty Vehicles (KTSV), which designs, builds, and services trailers and custom specialty vehicles for mobile medical, military/government, mobile marketing, motorsports, and other niche markets; and (iv) Kentucky Trailer Finance (KTF), which provides the company’s customers rental, lease, and financing options for select products and markets.
With over 40 years of experience, CEI Equipment Company LLC is recognized as an industry leader for design innovation and quality manufacturing of aluminum feed trailer and feed body transportation equipment.
Kenneth Silverman (Picture) led the Olshan team that represented Alleghany, which included: Corporate: Jason Saltsberg, Kenneth Mantel, Johnathan Duncan, Honghui Yu and John Corrado, Real Estate: Hyman Kindler and Justin Drazin, Tax: Mark Limardo, Jason Tomitz and Alan Fenyes. Assistance with the transaction was also provided by Insurance Coverage: Jeremy King; Employee Benefits: Stephen Ferszt; Employment Practices: Michael Passarella, Intellectual Property: Mary Grieco; and Litigation: Kerrin Klein.
Involved fees earner: Johnathan Duncan – Olshan Frome Wolosky LLP; Stephen Ferszt – Olshan Frome Wolosky LLP; Mary Grieco – Olshan Frome Wolosky LLP; Hyman Kindler – Olshan Frome Wolosky LLP; Jeremy King – Olshan Frome Wolosky LLP; Kerrin Klein – Olshan Frome Wolosky LLP; Mark Limardo – Olshan Frome Wolosky LLP; Kenneth Mantel – Olshan Frome Wolosky LLP; Michael Passarella – Olshan Frome Wolosky LLP; Jason Saltsberg – Olshan Frome Wolosky LLP; Kenneth Silverman – Olshan Frome Wolosky LLP; Jason Tomitz – Olshan Frome Wolosky LLP; Honghui Yu – Olshan Frome Wolosky LLP;
Law Firms: Olshan Frome Wolosky LLP;
Clients: R.C. Tway Company, Inc.;