Peter F. Kelly led the Fox Rothschild corporate team representing Camden, NJ-based nuclear engineering specialist Joseph Oat Corporation in the $2.5 million cash sale of its intellectual property, brand and related assets to global nuclear power supplier Energy Steel & Supply Co.

Joseph Oat designs and fabricates pressure vessels, reactors, columns, heat exchangers and other specialty equipment for clients in the chemical, petrochemical, nuclear power and other commercial industries nationwide. Family-owned and operated since 1788, Joseph Oat is one of the longest continuously operating businesses in the United States.

The asset sale will expand Energy Steel’s product portfolio and ability to support equipment operating at U.S. power plants and other industrial facilities.

The Fox Rothschild team included R. James Kravitz, Meghan Currie and Sarah Lyness.

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