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Latham & Watkins Advises on Azek’s Secondary Public Offering

May 18, 2023
An Austin-based team advises the underwriter in the offering by the outdoor living products manufacturer.

The AZEK Company Inc. (NYSE: AZEK), the industry-leading manufacturer of beautiful, low-maintenance, and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK® Trim and StruXure™ pergolas, has announced the pricing of the previously announced underwritten public secondary offering of an aggregate of 14 million shares of the Company’s Class A common stock. The shares have been offered by an entity affiliated with Ares Management Corporation and Ontario Teachers’ Pension Plan Board.

Latham & Watkins LLP represents the underwriter in the transaction with a corporate deal team led by Austin partners David Miller and Samuel Rettew, with associates Connor Adams, Cooper Shear, Jack Anderson, and Mason Taylor. Advice was also provided on environmental matters by Washington, D.C. partner James Barrett and Houston partner Josh Marnitz, with associate Ashley Maiolatesi; and on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with associate Eni Kassim.