Fox Rothschild Represents Family-Owned Manufacturer in Sale to Investor GroupNovember 29, 2016 – Press Releases
A Fox Rothschild LLP team served as transactional co-counsel to Lasko Holdings, Inc., the largest provider of portable fans and heaters in the United States, in the company’s acquisition by Comvest Partners and JW Levin Management Partners (JWLMP).
Fox’s multidisciplinary team was led by Michael C. McBratnie, chair of the firm’s Taxation & Wealth Planning Department, and corporate Partners Michael S. Harrington and Terrence M. Kerwin.
The financial terms of the deal were not disclosed.
Lasko, a 110-year-old family-owned company headquartered in West Chester, PA, designs, manufactures, assembles and distributes products across the United States, South America and Asia.
“This is an exciting opportunity for the company. My family and our loyal team at the company have built a tremendous legacy over the past century. Comvest and JWLMP bring the resources, experience and knowledge to continue this legacy and take the company to the next level,” said Bill Lasko, CEO of Lasko.
Lasko will retire from the company as part of the acquisition. Jerry W. Levin, CEO of JWLMP, will serve as chairman and CEO and will work with Comvest as operating partners. The remaining members of the Lasko management team will continue with the organization.
Attorneys in Fox’s Corporate Department have deep and varied experience handling mergers and acquisitions on behalf of clients nationwide. The team frequently serves as outside counsel to publicly traded companies and handles major acquisitions and divestiture activity for hundreds of middle-market companies.
Fox’s Tax and Wealth Planning Group regularly advises owners of family and privately held businesses on sophisticated matters and transactions including succession, business planning and asset protection.
Fox attorneys Christopher M. Roe, Bradley S. Rodos and Brian J. Levin also significantly contributed to this deal team.