Willkie Farr & Gallagher LLP represented Time Manufacturing Company in the transaction.
Time Manufacturing Company, a portfolio company of the Sterling Group, closed its acquisition of the Ruthmann Group, a manufacturer of aerial work platforms in Germany and Italy.
Headquartered in Gescher-Hochmoor, Germany, the Ruthmann Group has a long history of manufacturing high-quality, truckmounted aerial work platforms in Europe, going to market under the brands Ruthmann, Steiger, Ecoline, and Bluelift.
Time Manufacturing is a global designer, manufacturer, and distributor of aerial lifts primarily for the electric utility, telecommunications, infrastructure, and forestry sectors. Time Manufacturing goes to market via several brands, including the Versalift line of aerial lifts and digger derricks, the Aspen Aerials line of under-bridge inspection units, and the BrandFX line of fiberglass truck bodies.
The Sterling Group is a Houston-based, middle market private equity firm that targets controlling interests in basic manufacturing, distribution and industrial services companies.
The multi-disciplinary, cross-border Willkie deal team advising Time Manufacturing was led by M&A partners Bruce Herzog (Picture) in Houston and Dr. Markus Lauer in Frankfurt and partners in number of areas of specialization including Hillel Jacobson, William Rooney, Dr. Patrick Meiisel, Dr. Maximilian Schwab, Dr. Kamyar Abrar and Jeffrey Clancy.
In Italy advised Delfino e Associati Willkie Farr & Gallagher LLP with a team led by partner Maurizio Delfino, assisted by Anna Laura Pettoello, Marella Lavarone and Federico Moriconi.
Involved fees earner: Maurizio Delfino – Delfino e Associati Willkie Farr & Gallagher LLP; Marella Lavarone – Delfino e Associati Willkie Farr & Gallagher LLP; Federico Moriconi – Delfino e Associati Willkie Farr & Gallagher LLP; Anna Laura Pettoello – Delfino e Associati Willkie Farr & Gallagher LLP; Kamyar Abrar – Willkie Farr & Gallagher; Jeffrey Clancy – Willkie Farr & Gallagher; Bruce Herzog – Willkie Farr & Gallagher; Hillel Jacobson – Willkie Farr & Gallagher; Markus Lauer – Willkie Farr & Gallagher; Patrick Meiisel – Willkie Farr & Gallagher; William Rooney – Willkie Farr & Gallagher; Maximilian Schwab – Willkie Farr & Gallagher;
Clients: Time Manufacturing Company Inc.;