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Gerald Edelman advises on the sale of The Austin Company of UK Ltd (“Austin UK”) to The Austin Company US
16 Dec 2021
We are delighted to announce that the Gerald Edelman Transaction Services team has advised Mackay Communications Inc, a global marine electronics & satellite communications product and service provider, on the acquisition of a UK-based marine electronics & communications specialist.
Gerald Edelman’s involvement included a full-scope financial and taxation due diligence investigation, in addition to advising on the share purchase agreement governing the transaction.
Jeff Schlacks, President of Mackay Communications Inc, commented:
“Mackay was delighted with the thoroughness and efficiency of GE’s approach to the Financial Due Diligence exercise. Further, their final report was well-organized, concise, and lead to clear decision points. William communicated regularly throughout the project and coordinated well with both Mackay’s and the Seller’s legal representatives.”
Gerald Edelman’s transaction services team was led by William Abell (Associate Director) and Carl Lundberg (partner). William Abell commented:
“We are delighted to have helped deliver a successful outcome on this transaction, which was completed quickly and efficiently whilst still ensuring that identified risks were protected against. Our team were also able to conduct a site visit at the Target's offices and warehouse – the first time we have been able to do so since the start of the pandemic – which enabled us to conduct specific physical verification procedures and resolve outstanding due diligence queries efficiently. ”