Kaye Scholer Represents American Securities in the Acquisition of GHX

October 9, 2012

Kaye Scholer represented American Securities LLC and its portfolio company The United Distribution Group Inc. (UDG) in its acquisition of GHX Holdings, LLC (GHX), a leading distributor of industrial fluid transfer and sealing solutions. The acquisition forms one of the largest energy focused industrial distribution and service-related companies in North America, allowing UDG to expand its leading position as a distributor of mining equipment to the coal industry and reach the oil and gas industry as well. As a result of the acquisition of GHX, UDG now has a nationwide network of 65 branches and over 800 employees. The financing entered into in connection with the acquisition consisted of a $250 million first lien term loan, $40 million first lien revolving credit facility and a $135 million second lien term loan.

The Kaye Scholer deal team was led by Partners Mel Cherney, Tom Yadlon and Sheryl Gittlitz, and included Partners Laurie Abramowitz, Jeffrey London and Glenn Pogust, and Associates Connie Ericson, Javier Stark, Roxanne Mintz, Brian Witkowski, Viktoriya Karshenboyem, Jane Wilson and Mendel Yudin.

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