Stanley Black & Decker’s Acquisition of Excel Industries
September 13, 2021
On September 13, 2021, Stanley Black & Decker, a leading global diversified industrial, announced that it has entered into a definitive agreement to acquire Excel Industries, a leading designer and manufacturer of premium commercial and residential turf-care equipment, for $375 million in cash. Cravath is representing Stanley Black & Decker in connection with the transaction.
The Cravath team is led by partners Robert I. Townsend III and Thomas E. Dunn and includes associates Jason L. Zhang and Bethany E. Clarke on M&A matters; associate Cecily Xi on tax matters; partner Eric W. Hilfers and practice area attorney Aaron S. Cha on executive compensation and benefits matters; partner Matthew Morreale on environmental matters; practice area attorneys Brian M. Budnick and Laurel R. Berkowitz on real estate matters; practice area attorney Megan Y. Lew on compliance matters; and practice area attorney Anthony N. Magistrale on intellectual property matters. Paul A. Bryant also worked on M&A matters.
Related Practices & Industries
People
- Photo
-
-
J.D., 1990, Harvard Law Schoolmagna cum laude
-
A.B., 1987, Harvard Collegemagna cum laude
- New York
Education
Admitted In
- Photo
-
-
J.D., 1992, Duke Law Schoolsumma cum laude
-
B.A., 1987, The College of William & Mary
- New York
Education
Admitted In
- Photo
-
-
J.D., 1998, University of Chicago Law Schoolwith Honors
-
A.B., 1995, Princeton University
- New York
Education
Admitted In
- Photo
-
-
J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
-
M.S., 1994, University of Pennsylvania
-
B.A., 1990, University of Pennsylvania
-
B.A.S., 1990, University of Pennsylvania
- New York
Education
Admitted In
- Photo
-
-
J.D., 2010, New York University School of Lawcum laude
-
B.S., 2004, Cornell Universitymagna cum laude
- New York
Education
Admitted In
- Photo
-
-
LL.M., 2013, New York University School of Law
-
J.D., 2012, Loyola Law School Los Angeles
-
B.S., 2004, University of California, San Diego
- New York
- California
Education
Admitted In
- Photo
-
-
J.D., 2011, Benjamin N. Cardozo School of Lawcum laude
-
B.A., 2006, University of Virginia
- New York
Education
Admitted In
Related News & Insights
Deals & Cases
August 15, 2025
Fitch Learning’s Acquisition of Moody’s Analytics Learning Solutions and the Canadian Securities Institute
On August 14, 2025, Fitch Learning, a global leader in financial learning and professional certifications, announced it signed an agreement with Moody’s to acquire two of their businesses, Moody’s Analytics Learning Solutions, a global provider of credit training, and the Canadian Securities Institute, a leading provider of professional certifications for the Canadian financial services industry. Cravath is representing Fitch Learning in connection with the transaction.
Deals & Cases
August 11, 2025
Intermex’s Acquisition by Western Union
On August 10, 2025, International Money Express, Inc. (“Intermex”) and The Western Union Company (“Western Union”) announced they have entered into a definitive agreement under which Western Union will acquire Intermex in an all‑cash transaction at $16.00 per share, representing a total equity and enterprise value of approximately $500 million. Cravath is representing Intermex’s Strategic Alternatives Committee in connection with the transaction.
Deals & Cases
May 28, 2025
rhode’s $1 Billion Acquisition by e.l.f. Beauty
On May 28, 2025, rhode, a fast‑growing, multi‑category lifestyle beauty brand founded by Hailey Bieber, and e.l.f. Beauty announced they have signed a definitive agreement for e.l.f. Beauty to acquire rhode. The $1 billion deal is comprised of $800 million of consideration payable at closing in a combination of cash and stock, subject to customary adjustments, and an additional potential earnout consideration of $200 million based on the future growth of the brand over a three‑year timeframe. Hailey Bieber will continue her role as Founder and additionally serve as rhode’s Chief Creative Officer and Head of Innovation, overseeing creative, product innovation and marketing. She will also act as a Strategic Advisor to the combined companies. Cravath is representing Hailey Bieber in connection with the transaction.
Deals & Cases
May 26, 2025
WiseTech Global’s $2.1 Billion Acquisition of e2open
On May 25, 2025, WiseTech Global, developer of leading logistics execution software CargoWise, announced it has entered into a binding agreement to acquire E2open Parent Holdings, Inc. (“e2open”), a U.S.‑based leading provider of SaaS solutions in the global logistics value chain, for $3.30 per share in cash equating to an enterprise value of $2.1 billion. Cravath is representing WiseTech Global in connection with the transaction.
