The Jordan Company’s $750 Million Acquisition of Carlisle FoodService Products


Guggenheim Securities, LLC acted as financial advisor to Carlisle on the transaction and Hunton & Williams LLP acted as Legal Advisor.

Carlisle Companies Incorporated (NYSE:CSL) has signed a definitive agreement to sell Carlisle FoodService Products (CFS) to The Jordan Company of New York, NY, for $750 million in cash, subject to certain adjustments. The transaction is subject to customary closing conditions, including regulatory clearances, and is expected to close within the first quarter of 2018.

CFS manufactures and markets professional-grade solutions for the restaurant, hospitality, healthcare, and janitorial segments. Products for these focused markets include an array of foodservice permanentware supplies, table coverings, cookware, displayware, storage containers, catering and transport equipment, and meal delivery systems. In January 2017, CFS acquired San Jamar, adding a robust complement of innovative products with a strong focus on food safety. CFS also produces the most comprehensive line of janitorial, waste, and material handling product lines for both the foodservice and sanitary maintenance industries. The CFS segment reported over $320 million of revenue for the twelve months ended September 30, 2017.

The Jordan Company, founded in 1982, is a middle-market private equity firm that manages funds with original capital commitments in excess of $8 billion with a 36-year track record of investing in and contributing to the growth of many businesses across a wide range of industries. Headquartered in New York, TJC also has offices in Chicago.

Carlisle Companies Incorporated operates as a diversified manufacturing company in the worldwide. The company, led by Christian Koch, John W. Altmeyer, John E. Berlin, Steven J. Ford and Scott C. Selbach, generated $3.7 billion in net sales in 2016.

Hunton & Williams’ cross-office multidisciplinary team was led by corporate team lawyers Sean Ducharme (Picture), Rachel Northup and Clay Bennett, and included tax and ERISA team lawyers Jeff Blair, Scott Austin, Mike Alexander and Caitlin Sawyer, real estate team lawyers Dan Campbell and A.J. Carroll, real estate specialist Allyson Moore, competition team lawyers Amanda Wait and Andy Eklund, labor team lawyer Ryan Glasgow, environmental team lawyer Dan Jordanger, intellectual property team lawyer Dave Baker, and corporate finance team lawyers Eric Nedell, Hillary Patterson and Jess Tobin.

Involved fees earner: Sean Ducharme – Hunton & Williams LLP; Rachel Northup – Hunton & Williams LLP; Clay Bennett – Hunton & Williams LLP; Jeffry Blair – Hunton & Williams LLP; Michael Alexander – Hunton & Williams LLP; Caitlin Sawyer – Hunton & Williams LLP; Scott Austin – Hunton & Williams LLP; Ryan Glasgow – Hunton & Williams LLP; Daniel Campbell – Hunton & Williams LLP; Aaron Carroll – Hunton & Williams LLP; Amanda Wait – Hunton & Williams LLP; Andrew Eklund – Hunton & Williams LLP; Dan Jordanger – Hunton & Williams LLP; David Baker – Hunton & Williams LLP; Eric Nedell – Hunton & Williams LLP; Hillary Peet Patterson – Hunton & Williams LLP; Jessica Tobin – Hunton & Williams LLP;

Law Firms: Hunton & Williams LLP;

Clients: Carlisle Companies Inc.;

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Author: Ambrogio Visconti