09/20/2021 | Press release | Distributed by Public on 09/21/2021 16:45
September 20, 2021
Weil is advising American Securities in its pending acquisition of the Renewable Energy division of Swinerton Builders and wholly-owned subsidiary SOLV, Inc. from Swinerton Incorporated, which offers commercial construction and management services, including mass timber, facility solutions, concrete, drywall, doors/frames/hardware, and other trade expertise across the U.S. This transaction will combine Swinerton's existing Engineering, Procurement and Construction and Operations and Maintenance service groups together under one company name, SOLV Energy, LLC. Financial terms of the transaction were not disclosed. The transaction is subject to customary closing conditions.
The team advising American Securities is led by Mergers & Acquisitions Head Michael Lubowitz and Private Equity counsel Ryan Taylor and includes Mergers & Acquisitions associates Rachel Shapiro, Thomas Tsatsis and Victor Wang. The team also includes Banking & Finance partner Andrew Colao; Banking & Finance associates Jacqueline Oveissi and Phong Bui; Tax partners Mark Hoenig and Jonathan Macke; Tax associate Jesse Hong; Executive Compensation & Benefits Head Paul Wessel; Executive Compensation & Benefits associates Akansha Mishra and Robin Caskey; Technology & IP Transactions partner Jeffrey Osterman; Technology & IP Transactions/Privacy associates Robert Brown, Lauren Springer, Phillip Grudzina and Tyler Fredricks; Real Estate counsel Jannelle Seales; Real Estate associate Derek Namerow; Environmental Head Annemargaret Connolly; Environmental counsel Thomas Goslin; Antitrust partner Vadim Brusser; Antitrust associate Marie-Marie de Fays; Employment Litigation counsel Celine Chan; and Employment Litigation associate Omar Abdel-Hamid (Not Yet Admitted in New York).