Foley & Lardner LLP represented nVent Electric plc, a global leader in electrical connection and protection solutions, in its agreement to acquire ECM Investors, LLC, the parent of ECM Industries, LLC, for a purchase price of $1.1 billion, subject to customary adjustments. The transaction is expected to close in the second quarter of 2023, subject to customary conditions, including regulatory approval.
ECM Industries is a leading provider of high-value electrical connectors, tools and test instruments, and cable management. ECM Industries’ industry-leading brands include ILSCO, Gardner Bender and King Innovation.
The acquisition of EMC Industries further positions nVent with the electrification of everything in high-growth verticals, such as commercial solutions, power utilities, data solutions, and renewables and will allow nVent to provide a broader offering to customers, including electrical contractors, and to distribution partners. Upon closing this transaction, nVent plans to operate ECM Industries within its electrical and fastening solutions business segment.
The Foley team representing nVent Electric was led by Partner John Wilson and included Partners Jason Hille, Patricia Lane, Gregory Neppl, Timothy Voigtman, Stephen Good, Linda Benfield, Leigh Riley, John Litchfield, Ethan Lenz, Senior Counsel Jordan Bergmann, and Associates Eric Lauria-Banta, Austin Kissinger, Laura Kirtley, Brett Bellmore, and Hillary Vedvig.
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