Fox Rothschild Represents Logistics and Facilities Services Company in Acquisition by Private Equity GroupJuly 31, 2019 – Press Releases
A team of Fox Rothschild LLP M&A attorneys led by Peter J. Tucci represented Horizon Facilities Services, LLC (Horizon) in its sale to Slate Capital Group (Slate), a private equity investment group based in Baltimore, Maryland.
Horizon is an outsourced logistics and facilities services company headquartered in Allentown, Pennsylvania that includes Managed Labor Solutions, its largest division and a leading provider of full-service logistics to rental car agencies, and Professional Maintenance Co., Inc., a prominent Mid-Atlantic janitorial services firm.
Slate provides liquidity to business owners and growth capital to companies for further expansion through partnerships with businesses in the Eastern United States.
Gladstone Investment Corporation (NASDAQ: GAIN) provided Slate with equity and senior secured debt to complete the transaction. The terms of the deal were not announced.
Tucci was assisted in the transaction by Fox attorneys Seth I. Corbin, Martin A. Culhane III, Susan Foreman Jordan, Steven K. Ludwig, James A. Matthews III, Nancy C. McDonald and David Restaino.