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Jenner & Block recently represented General Dynamics in its entry into an agreement to acquire Metro Machine Corp., a leading East Coast surface-ship repair company that supports the United States Navy fleet in Norfolk, Virginia. Metro is a privately-held company that employs approximately 400 workers. It has been conducting U.S. Navy ship repair and conversions since 1972 and is a prime contractor in Norfolk for multi-ship, multi-option contracts for combat and support ships for the Navy, including frigates, dock landing ships and amphibious transport ships.
The transaction is expected to close in November 2011, at which time, Metro will become part of the shipbuilding and repair operations of General Dynamics NASSCO, based in San Diego, California. NASSCO, the largest shipbuilding and repair company on the West Coast, is a prime contractor for multi-ship, multi-option contracts for Navy combat and support ships.
“With its Norfolk location, Metro Machine Corp. will extend the reach of NASSCO’s ship-repair operations to a key East Coast naval port,” said Fred Harris, President of General Dynamics NASSCO. “This move will enhance General Dynamics’ ability to deliver cost-effective maintenance and repair services to the U.S. Navy, helping the Navy to maximize the life of in-service ships and better serve the ship-repair needs of the entire U.S. fleet.”
Partners John F. Cox and Joseph P. Gromacki led the Firm’s corporate team, which included Associates Mercedes M. Hill and Eugene Hsia. They received valuable assistance from an additional multidisciplinary team of Jenner & Block attorneys, including Partners E. Lynn Grayson, Donald S. Horvath, S. Tony Ling, Steven R. Meier, Adam Petravicius, Matthew J. Renaud, William L. Scogland and Marc A. Van Allen; of counsel Vito M. Pacione; Associates Penelope P. Campbell, Alexandra E. Dowling, Genevieve J. Essig, Joshua Rafsky, Damien C. Specht; and Staff Attorney Matthew J. Weiss.