add items to your
binder to email or
print all at once
Items In Binder
Site Lawyers
 
Altra's $3 Billion Combination with Fortive's Automation & Specialty Platform

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; partner Jennifer S. Conway and practice area attorney Romica Singh on executive compensation and benefits matters; partner Matthew Morreale on environmental matters; partner Kara L. Mungovan and 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.