Capabilities

Acquisition of GHX Holdings LLC

American Securities

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.

 

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