Recapitalization for Construction Supply Industry Leader

Represented A.H. Harris and its majority shareholder in a recapitalization transaction with Frontenac, a leading private equity firm.  The transaction involved significant restructuring of the company’s equity and debt.  Representation included advice on the negotiation and drafting of all substantial transaction documents from the engagement of the financial advisor through the closing, including the acquisition of the outstanding minority equity interests in Harris’s subsidiary, HarMac Rebar & Steel Corporation, and the related solicitation of shareholder consents; environmental assessments and analyses of the compliance requirements and preparation of the filings required under the Connecticut Transfer Act and the New Jersey Industrial Site Recovery Act (ISRA).  Our attorneys also provided analysis and structural advice on federal and state tax issues, employee benefit issues, and antitrust and international trade compliance issues.

A.H. Harris was founded in 1916 as a small, family-owned and operated trucking company which has grown over the years into a leading construction supply and equipment business headquartered in Connecticut with 38 other locations on the east coast.