Kaye Scholer Advises Schilling Ventures in Acquisition of Cyclonaire Corporation
New York (January 2, 2014): Kaye Scholer advised investment firm Schilling Ventures, LLC as co-sponsor in the acquisition, together with co-sponsor Prospect Partners, of Cyclonaire Corporation, in partnership with management.
This is the third investment by Schilling Ventures, an operations-oriented investor based in Naperville, IL. Cyclonaire, a global company headquartered in York, NE, offers custom-engineered and manufactured pneumatic conveying systems for the transfer of dry bulk materials. Going forward, the company plans to invest in select add-on acquisitions of other pneumatic conveying and material handling companies as well as in manufacturing automation and controls businesses.
The Kaye Scholer team was led by Corporate Partner Stephen Koval and included Counsel Patrick Michel and Partners Laurie Abramowitz, David Sausen and Alan Glantz.