Platinum Equity, American Securities, and P2 Capital Partners have announced the signing of a definitive agreement under which Platinum Equity will acquire Oregon Tool, a global manufacturer and distributor of aftermarket-driven professional grade cutting tools, outdoor equipment accessories, and parts. American Securities and P2 Capital have owned the company (previously known as Blount International) since taking it private in 2016. Financial terms were not disclosed.
Latham & Watkins LLP represents Platinum Equity in the transaction with a corporate deal team led by partners David Brown and Marc Granger, with associates Cierra Warren, Clayton Mark, Jill Rubinger, and CJ Harrington. Advice was also provided on tax matters by partner Matthew Dewitz; on benefits and compensation matters by partner Matthew Conway, with associate Kirk Porter; on environmental matters by partner James Barrett, with associate Peter Viola; on ESG matters by partner Paul Davies and counsel Michael Green; on intellectual property matters by associates Morgan Brubaker and Ryan Sanders; on anti-corruption matters by partner Eric Volkman, with associate Christopher Ting; on export and trade controls matters by counsel Sarah Nappi, with associates Elizabeth Annis and Delia Tasky; on real estate matters by counsel Jeffrey Anderson, with associate Bryon Eagon; on capital markets matters by partner Patrick Shannon and counsel Christopher Cronin; on finance matters by partner Scott Forchheimer, with associate Melissa Fabian; on insurance matters by partner Drew Levin, with associate Hannah Cary; on antitrust matters by partner Max Hauser, with associate Alisia Haber; and on foreign direct investment matters by counsel Jana Dammann de Chapto. All lawyers are based in the firm’s Washington, D.C. office, with the exception of Mr. Dewitz in New York, Mr. Davies, and Mr. Green in London, Mr. Anderson and Mr. Eagon in Chicago, Mr. Levin in Los Angeles, Ms. Cary in San Diego, Dr. Hauser and Ms. Haber in Frankfort, and Dr. Dammann de Chapto in Hamburg.