Bilzin Sumberg Represents Aero Hardware & Supply, Inc. in the $13.5 Million Acquisition of its Aerospace Parts Division by Satair A/S
Bilzin Sumberg Baena Price & Axelrod LLP announced that it represented Aero Hardware & Supply, Inc., d/b/a Hydraulic Supply Company, in the assets and operations sale of its aerospace parts division to Satair A/S.
(I-Newswire) August 25, 2010 - MIAMI, FL - Bilzin Sumberg Baena Price & Axelrod LLP announced today that it represented Aero Hardware & Supply, Inc., d/b/a Hydraulic Supply Company, a South Florida-based aerospace and hydraulic parts and services supplier, in the assets and operations sale of its aerospace parts division to Satair A/S, (NASDAQ OMX: SAT), a Denmark-based publicly traded global aerospace parts distributor and supply chain services provider. The transaction closed August 1, 2010.
The purchase price for the acquisition was a total of $13.5 million, $8.5 million of which was paid to Aero Hardware in cash at closing. The remaining $5 million was paid by way of a promissory note to be repaid in full on the one-year anniversary of the closing date. As part of the sale, the parties also entered into a long-term lease agreement whereby Satair will continue to operate the acquired assets and operations from their current location at Aero Hardware’s Miami-based offices.
The Bilzin Sumberg team representing Aero Hardware & Supply was led by Carlos F. Junco, a partner in the firm's Corporate & Securities Group. Junco's practice focuses on the structuring, negotiation and documentation of domestic and international mergers and acquisitions, including numerous acquisitions involving manufacturers and distributors operating in a variety of industries, as well as joint venturing and other commercial transactions. The team also included Samuel C. Ullman, co-chair of the firm’s Tax Group, who advised on certain tax aspects of the transaction, and Julia Kim, an associate in the firm’s Corporate & Securities Group.
About Bilzin Sumberg
Bilzin Sumberg Baena Price & Axelrod LLP is a full-service, commercial law firm based in Florida. The firm has extensive experience in the areas of commercial finance, corporate and securities law, environmental law, land use and government relations, litigation, real estate, restructuring and bankruptcy, tax and wealth transfer. For more information, visit www.bilzin.com.
About The Treister Murry Agency
The Treister Murry Agency specializes in strategic marketing solutions, strong media relations, and More..events with a creative point-of-view. We serve a variety of real estate, hospitality, lifestyle, consumer products, legal, art and culture, professional services, design, and not-for-profit clients, always with one rule in mind: RELATE. COMMUNICATE. RESONATE.Less..
The Treister Murry Agency
1130 Washington Ave., First Floor North
Miami Beach, FL
Phone : 305-531-5720
Tags:Acquisition supply law hydraulic lawyers aerospace South Florida aircraft mergers & aquisitions Aero Satair
Published On:August 25, 2010
Print Release:Print Release
If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.
Evan Guthrie Law Firm Speaks To Students At Cane Bay High School in Summerville, SC
Etax2290 Offers Cost-Effective Online Way to File Form 2290 for Heavy Vehicle Use Tax for Tax Year 2013-2014 Begins July 1, 2013
Live Your Dream in the United States with NAO Visa
Celebrity Divorce Secrets Help Expand Ballston Spa Divorce Attorneys
Professional Dilapidations Advice Saves Tenant Over £5million