Stone Canyon Industries Holdings’ Acquisition of Kissner Group Holdings

Davis Polk & Wardwell LLP, Bennett Jones LLP and Finn, Dixon & Herling LLP served as legal advisors to Kissner Group Holdings LP and its equityholders, including affiliated investment funds managed by Metalmark Capital LLC and Silvertree-KMC II LP, a venture between Silverhawk Capital Partners and Demetree Salt, LLC, on its sale to Stone Canyon Industries Holdings LLC. Gibson, Dunn & Crutcher LLP and Torys LLP served as legal advisors to SCIH.

Stone Canyon Industries Holdings LLC (SCIH) has entered into an agreement to acquire the business of Kissner Group Holdings LP. Financial terms of the transaction were not disclosed.

Headquartered in Overland Park, Kansas, Kissner is a leading, vertically integrated bulk salt, specialty salt and evaporated salt producer focused on governmental and commercial customers across the United States and Canada.

Stone Canyon Industries Holdings (SCIH) is a global industrial holding company designed to “buy, build and hold” for the long term, with a strategy focused on acquiring and operating market leading companies.

Metalmark Capital is a private equity firm that seeks to build long-term value through active and collaborative partnerships with business owners, founders and executives.

BMO Capital Markets and Morgan Stanley & Co. LLC served as financial advisors to SCIH. Harris Williams LLC served as financial advisor to Sellers.

The Davis Polk corporate team included partner Evan Rosen (Picture) and associate W. Soren Kreider IV. The tax team included counsel Ethan R. Goldman and associate Joshua J. Micelotta. The executive compensation team included partner Veronica M. Wissel and associate Travis Triano. Counsel Susan D. Kennedy and associate Elizabeth Johnson provided real estate advice. Partner Hilary Dengel and counsel Jonathan B. Brown provided finance advice.

Involved fees earner: Jonathan Brown – Davis Polk & Wardwell; Hilary Dengel – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Elizabeth Johnson – Davis Polk & Wardwell; Susan Kennedy – Davis Polk & Wardwell; Soren Kreider – Davis Polk & Wardwell; Joshua Micelotta – Davis Polk & Wardwell; Evan Rosen – Davis Polk & Wardwell; Travis Triano – Davis Polk & Wardwell; Veronica Wissel – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Kissner Group Holdings; Metalmark Capital Partners; Silvertree-KMC II;

Author: Ambrogio Visconti