Four Decades for Justice
On March 7, 2018, Altra Industrial Motion Corp. (“Altra”), a global manufacturer and marketer of electromechanical power transmission and motion control products, announced that its Board of Directors has unanimously approved a definitive agreement to combine Altra with four operating companies from Fortive’s Automation and Specialty platform in a transaction with an estimated aggregate value of approximately $3 billion. Cravath is representing Altra in connection with the transaction.
The Cravath team was led by partner Thomas E. Dunn and includes associate Benjamin S. Persina on M&A matters; partners Andrew J. Pitts and Joseph D. Zavaglia and associates Isaac C. Beerman, Steven Y. Li, David J. Benhamou and Quinn Wetherall on financing matters; practice area attorney Romica Singh on executive compensation and benefits matters; partner Matthew Morreale on environmental matters; associate Richard Bohm on tax matters; senior attorney Joyce Law and practice area attorney Brian M. Budnick on real estate matters; and associate Miling Y. Harrington on intellectual property matters. Richard E. Schwartz also worked on M&A matters and Faye C. Whiston worked on executive compensation and benefits matters.
Deals & Cases
October 27, 2022
On October 27, 2022, Altra Industrial Motion Corp. (“Altra”), a premier global manufacturer and supplier of motion control, power transmission and automation products, announced it has entered into a definitive agreement to be acquired by Regal Rexnord Corporation (“Regal Rexnord”) for approximately $5 billion on an enterprise value basis. Cravath is representing Altra in connection with the transaction.
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