Foley & Lardner LLP advised Strait Lane Capital Partners, LLC in the sale of its portfolio company Griswold LLC, a leading manufacturer of engineered cellular rubber and microcellular polyurethane products, to Rogers Corporation, a publicly-listed, specialty engineered materials company.
Foley counseled Strait Lane, a privately held investment firm, throughout the entire lifecycle of its investment in Griswold, from the initial acquisition in October 2015 to the finalized sale on July 6, 2018. The Griswold sale marks the third portfolio company exit by Strait Lane, and its second in 2018.
“A deal closure is always rewarding, but the opportunity to advise Strait Lane on this investment from start to finish makes it even more exciting for our team,” said Chris Converse, one of the Foley partners that counseled Strait Lane. “Strait Lane is well-known in Dallas for its targeted investments and strong returns. This deal was no exception, and we look forward to helping the company maintain its impressive track record in future investments.”
In addition to Converse, the Foley team representing Strait Lane included Chris Babcock, Jon Bull, Austin Poynter and Arthur Vorbrodt.