McGuireWoods represented SPX Corporation, a supplier of highly engineered products and technologies, in its $189 million acquisition of CUES Inc., a leading manufacturer of pipeline inspection and rehabilitation equipment.
As a result of the deal, which closed June 7, CUES became an indirect wholly-owned subsidiary of SPX.
David Whelpley, who chairs the firm’s M&A, Energy & Private Equity Transactions Department, and Robert Crawford led McGuireWoods’ legal team, joined by M&A lawyers Sarah Bosse, Ellison Johnstone and Janet Peyton; antitrust lawyer Brent Justus; and securities and shareholder compliance lawyers Elizabeth Wren and Barlow Mann.
“This deal significantly enhances SPX’s position as a leader in the detection and measurement market. We are honored that SPX chose McGuireWoods to assist the SPX team with this acquisition,” Whelpley said.
Mergers & Acquisitions magazine recently named McGuireWoods “Law Firm of the Year” in its Mid-Market M&A Awards, honoring the firm for the growth of its deal work and for innovative, client-focused private equity initiatives. McGuireWoods ranked among the top five law firms for global and U.S. M&A in the first quarter of 2018 in authoritative league tables published by Thomson Reuters and Bloomberg.