A multidisciplinary firm team represented Schneider Electric in its acquisition of the ASCO Power business from Vertiv Group Corporation for approximately $1.25 billion. Schneider Electric will purchase the securities of ASCO Power Technologies, L.P., ASCO Power GP, LLC, ASCO Power Services, Inc. and the assets of 23 affiliated foreign entities.
Schneider Electric is a global specialist in energy management and automation. ASCO is a global manufacturer and seller of automatic transfer switches, power control systems and industrial control products. According to a press release from Schneider Electric, the acquisition “further enhances Schneider Electric’s value proposition in the end-to-end energy management chain for customers in healthcare, financial services, datacenters and other critical buildings.”
Partner Mercedes M. Hill led the team, which included corporate counsel from Associates Jeremy A. Casper, Breanne K. Long and Young Woo (Ariel) Cho; real estate counsel from Partner Kristen M. Boike and Associate Andrew S. Carlins; tax counsel from Partner Geoffrey M. Davis; employee benefits counsel from Partner S. Tony Ling; environmental counsel from Partner E. Lynn Grayson; labor and employment counsel from Of Counsel Emma J. Sullivan; intellectual property counsel from Adam Petravicius; antitrust counsel from Partner Lee K. Van Voorhis; international regulatory counsel from Partner Andrew D. Irwin; and due diligence assistance from Associates Wei Xu and Rita L. Feikema and Discovery Attorney Kathleen Olivi.