Nelson Mullins, Chadbourne on $130 million deal for DataPath

Posted on April 14, 2009 13:28 by Andy Peters

In an effort to expand its offering of satellite-network products, a spinoff company of Rockwell Automation rsatelliteseached an agreement to acquire a Gwinnett County satellite-technology company.

This month Rockwell Collins Inc. agreed to acquire DataPath Inc. of Duluth for $130 million in cash. The deal is pending regulatory approval. Nelson Mullins Riley & Scarborough partners Steve Berson and Brian Galison represented DataPath. They worked with DataPath's general counsel, Steven Wilson. Chadbourne & Parke advised Rockwell Collins.

Rockwell Collins, of Cedar Rapids, Iowa, makes cockpit display systems, flight deck avionics, cabin electronics and mission communications for the aviation industry and the military. DataPath makes satellite communications networks for the military and for commercial customers.


More about: ,
E-mail | Share on Facebook | del.icio.us | Permalink | Add a comment | Comments (0) | Comment RSSRSS comment feed

Decatur maker of security cameras sells out to Moog for $45 million

Posted on February 23, 2009 15:33 by Andy Peters

A group of four Nelson Mullins Riley & Scarborough attorneys in Atlanta advised Videolarm Inc. on its acquisition by Moog Inc. for $45 million in Videolarm surveillance systemcash.

Partner Rhys Wilson was lead counsel to Videolarm’s founder, Ray Pagano. Wilson was joined by of counsel David Goldberg and Jim Holmes and associate Hemant Dutta, according to the law firm. Hodgson Russ in Buffalo, N.Y. advised Moog. The deal closed Feb. 13.

Videolarm makes closed-circuit television cameras and vandal resistant protective housings for surveillance systems. The Decatur, Ga. company had 2008 sales of $19.5 million. Moog, of East Aurora, N.Y., makes “motion and fluid controls and systems for a broad range of applications in aerospace and defense, industrial and medical markets,” according to the company’s annual report.

Moog Inc. is not to be confused with Moog Music Inc., the successor company to a firm founded by electrical engineer Bob Moog in the late 1970s. Moog Music manufactured the world’s first analog synthesizer, which was called the Moog and was invented by Bob Moog.


More about: ,
E-mail | Share on Facebook | del.icio.us | Permalink | Add a comment | Comments (0) | Comment RSSRSS comment feed

King & Spalding advises EMS on purchase of data storage maker

Posted on January 26, 2009 17:54 by Andy Peters

King & Spalding partner Ray Baltz was lead corporate counsel to EMS Technologies Inc. on its acquisition of Formation Inc.ToughDisk

EMS Technologies paid $42 million to acquire Formation, according to a regulatory filing. The company could pay an additional $15 million, if Formation meets specific cash-flow targets this year and next year.

Pepper Hamilton partner James Rosener in New York advised Formation on the deal.

Norcross-based EMS Technologies makes wireless communications products for three different business segments. Its largest segment makes handheld computers for the logistics industry. EMS Technologies also supplies products to the U.S. Department of Defense. Formation, of Moorestown, N.J., makes the ToughDisk-brand data storage product and various wireless communications products.


More about: ,
E-mail | Share on Facebook | del.icio.us | Permalink | Add a comment | Comments (0) | Comment RSSRSS comment feed

Air Force housing project in Texas rescued by McKenna Long client

Posted on January 22, 2009 12:58 by Andy Peters

When a real estate developer dropped out of a military housing project in Texas, partner Scott Rafshoon’s client stepped into the void.Air Force

Balfour Beatty Communities LLC last month closed on a $142 million deal to acquire a project to privatize housing at Lackland Air Force Base in San Antonio. Balfour Beatty Communities will manage one phase of a project that has already been completed, according to Rafshoon. Balfour Beatty Communities will also complete the design, construction and management of a second phase at the same location. Balfour Beatty Communities acquired the project from Realm Holdings Inc. of Austin, Texas.

Realm Holdings was forced to sell its interest in the project because it was unable to obtain financing for an expansion of the project that was desired by the U.S. Air Force, Rafshoon said.

The deal was closed in spite of the “incredibly tight credit market,” Rafshoon said. They were able to close in part because the deal had the backing of the U.S. government. Although Capmark Financial Group Inc. is the primary lender, the deal also has the imprimatur of the U.S. Air Force.

It also helped that the deal closed during a narrow window of time in December when interest rates and credit spreads “tended to match up where it was financeable,” Rafshoon said.

Further, Capmark knew that Balfour Beatty Communities had a solid reputation for completing these types of projects at other U.S. military bases, he said.

Balfour Beatty Communities was formerly known as GMH Military Housing. In April, the British construction/engineering giant Balfour Beatty PLC acquired GMH Military Housing and changed its name. Rafshoon had counted GMH Military Housing as a client and has continued to represent the company under its new owner.

Balfour Beatty’s deal for GMH Military Housing came about a year after the U.K. company acquired one of GMH Military Housing’s key development partners, Centex Construction. Centex, which had been a unit of residential homebuilder Centex Corp., focuses on commercial building projects.

Rafshoon managed about a dozen McKenna attorneys on the transaction, from various practice groups including corporate finance, mergers & acquisitions, tax, construction, environmental, government contracts, government affairs, real estate and real estate finance.

Kutak Rock represented Capmark. Andrews Kurth advised Realm Holdings.


More about: , ,
E-mail | Share on Facebook | del.icio.us | Permalink | Add a comment | Comments (0) | Comment RSSRSS comment feed

King & Spalding works on $45 mln transatlantic technology deal

Posted on November 26, 2008 12:21 by Andy Peters
LXE

EMS Technologies Inc., a Norcross, Ga. wireless broadband communications firm, was counseled by King & Spalding partner Mark Thompson in London on a $46 million acquisition of a British company.

In the all-cash deal agreement, EMS will acquire Satamatics Global Ltd. of Tewkesbury, United Kingdom. The companies expect to close the deal early next year, pending approval from the U.S. Federal Communications Commission and other conditions.

Thompson was lead partner for King & Spalding. Other Atlanta-based attorneys involved included partners Eleanor Banister, Ray Baltz, Suzanne Feese and Holmes Hawkins. Steptoe & Johnson partner Alfred Mamlet in Washington advised Satamatics.

Satamatics makes satellite data communications terminals for mobile asset tracking and monitoring. EMS is involved in several business segments, such as providing voice, e-mail, video conferencing and Internet capabilities on aircraft. EMS also makes LXE-brand handheld and vehicle-mounted computers used in logistics management; and it makes microwave-based communications equipment for defense contractors.


More about: ,
E-mail | Share on Facebook | del.icio.us | Permalink | Add a comment | Comments (0) | Comment RSSRSS comment feed

Harris Corp. replaces fallen Lehman Brothers in S & P 500 Index

Posted on September 22, 2008 17:05 by Andy Peters

Out with the old, in with the new.

Harris Falcon II radio With its bankruptcy filing and the sale of its U.S. broker-dealer and investment bank operations to Barclays Plc, storied investment bank Lehman Brothers Holdings Inc.’s ceased to exist on Monday as an independent company. The end of Lehman will result in many things, of course, but one of those things is Lehman’s disappearance from the Standard & Poor’s 500 Index of U.S. stocks.Carolyn Alford

On Friday, S&P replaced Lehman Brothers with Harris Corp. of Melbourne, Fla. Many mutual funds and other money managers will now be required to buy stock in Harris Corp., if their funds are tied to the S&P 500, according to the Associated Press.

Harris just obtained a $750 million, five-year revolving credit facility from a group of lenders. SunTrust Bank served as administrative agent on the transaction. King & Spalding partner Carolyn Alford and associate Jenny Miller, both in Atlanta, advised SunTrust.

Harris is a defense contractor that makes microwave and satellite network transmission equipment, handheld radios, air traffic control systems and other types of communications products.


More about:
E-mail | Share on Facebook | del.icio.us | Permalink | Add a comment | Comments (0) | Comment RSSRSS comment feed

Burr & Forman advises military trainer Omega on Cubic buyout

Posted on August 12, 2008 15:37 by Andy Peters

Omega Training Group Inc. of Columbus, Ga. tapped Burr & Forman partner Tully Hazell in Atlanta for the lead corporate counsel gig on its $61 million all-cash acquisition by Cubic Corp. Land Warrior

Burr partner Bill Joseph worked on tax issues and associate Kathryn Bouchillon worked with Hazell on corporate matters. Cubic General Counsel William L. Hoese handled legal matters on behalf of his company.

Omega provides training, logistics, software development and staffing services to the U.S. Army at Fort Benning, Ga. and other Army bases. Omega employs 790 people worldwide. The deal did not require Hart-Scott-Rodino Act review for antitrust concerns, nor did it require approval by the U.S. Department of Defense, Hazell said.

Cubic, of San Diego, has two business units. One is a maker of combat-simulation products, surveillance systems and robots for the military. The other makes smart cards, passenger gates and fare-collection machines for mass-transit subway and bus systems. Cubic makes the Breeze Card for Atlanta’s MARTA subway and bus network.


More about:
E-mail | Share on Facebook | del.icio.us | Permalink | Add a comment | Comments (0) | Comment RSSRSS comment feed

Federal government contractors catch the eye of investment groups

Posted on July 10, 2008 16:42 by Andy Peters

The U.S. economy may be in the doldrums, but the federal government keeps plugging away, signing contracts and purchasing assets and services from private companies.

While McKenna Long & Aldridge partner Jeremy Silverman wouldn’t say the federal governmentU.S. Capitol is water-tight safe from the recession, he did offer that federal government contractors seem to be immune from the current economic downturn. Moreover, Washington is increasingly privatizing many of its functions, creating a boon for government contractors.

“There has been a huge increase in federal spending with private firms over the last decade,” said Silverman, an M&A partner in Atlanta.

Federal spending on government contracts increased from $209 billion in 2000 to $430 billion in 2007, according to USAspending.gov.

The steady stream of business generated by federal contracts has caught the eye of investors. One such deal involved i2S Inc., a Columbia, Md.-based company that provides information-technology services to federal agencies like the Defense Intelligence Agency and the National Reconnaissance Office, as well as private government contractors like Northrop Grumman.

In the transaction, the management of i2S acquired control of the company from the Grosvenor Funds of Washington. Silverman and other McKenna Long attorneys advised i2S on the deal.

More...

More about: , ,
E-mail | Share on Facebook | del.icio.us | Permalink | Add a comment | Comments (0) | Comment RSSRSS comment feed

PoGo lines up Lockheed deal for Atlanta defense contractor

Posted on June 20, 2008 17:44 by Andy Peters

Powell Goldstein partner Todd Wade was adviser to Eagle Group International LLC on its buyout by the giant defense contractor Lockheed Martin Corp. Terms of the deal weren’t disclosed.F-22A Raptors

Eagle Group, headquartered near Hartsfield-Jackson Atlanta International Airport, provides logistics and information technology services, as well as healthcare management, to the U.S. Department of Defense. Eagle Group was founded in 1995 and the company employs more than 1,350 people.

Lockheed Martin, based in Bethesda, Md., is the world’s largest defense contractor.


More about:
E-mail | Share on Facebook | del.icio.us | Permalink | Add a comment | Comments (0) | Comment RSSRSS comment feed
ADVERTISEMENT
An Affiliate of the Law.com Network
Sign up to receive Legal Blog Watch by email
From the Law.com Newswire

[about RSS] Law.com Privacy Policy

Categories

Recent posts

Archive

About this blog

Janet ConleyThe Deal Watch Blog is devoted to bringing you the latest news in business law in Atlanta, the Southeast and the U.S. The lead writer is Daily Report associate editor Janet L. Conley.

Janet L. Conley is an attorney who returned to journalism after practicing law with Akin, Gump, Strauss, Hauer & Feld in Washington and with the Georgia Legal Services Program in Atlanta.

During her tenure at the Daily Report, Janet, now the paper's associate editor, has covered law firm economics and management, business and federal courts. In 2007, she received the Georgia Associated Press Story of the Year award and the Atlanta Press Club’s Journalist of the Year award, both for small circulation newspapers, for "Green to Gold," a series of articles on how climate change will alter business and the law.

Janet has written for The American Lawyer magazine and the National Law Journal, among other publications. She also served as managing editor of GC South magazine.

Janet holds a journalism degree from Southern College and a juris doctor degree from the University of Pennsylvania. She lives in Decatur with her husband Mark Harper, also an attorney, and their three children.

She can be reached at jconley@alm.com.

Andy PetersThe contributing writer is Daily Report staff reporter Andy Peters.

Andy Peters has been a journalist since graduating from Furman University in 1992. A short list of the subjects he’s covered includes the Georgia state Legislature, the U.S. semiconductor industry, the Alabama-Florida-Georgia “water wars” litigation, the 1999 American Airlines pilots strike, Coca-Cola and PepsiCo’s battle to acquire the Gatorade sports-drink brand, indie rock music and high school football. Andy has written for Bloomberg News, the New York Times Web site, the Macon Telegraph, the Spartanburg (S.C.) Herald-Journal and the Atlanta Business Chronicle.

Andy has written the Deal Watch column for the Daily Report since March 2006. He was born in Chattanooga, Tenn. in 1971 and grew up in Ringgold, Ga. He lives in Decatur with his wife and two children.

He can be reached at apeters@alm.com.

Blogroll







Sign in