Acquisition of GHX Holdings LLC
Our attorneys 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 formed 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.