Ropes & Gray served as legal counsel to Freeman Spogli & Co. in its acquisition of a majority interest in Integrated Supply Network, alongside management and other investors. Financial terms of the transaction were not disclosed.
Freeman Spogli is a private equity firm dedicated exclusively to investing in, and partnering with, management in consumer and distribution companies in the United States. Since its founding in 1983, Freeman Spogli has invested $3.7 billion in 54 portfolio companies, with an aggregate transaction value of $21 billion.
Headquartered in Lakeland, Fla., Integrated Supply Network is a privately held value-added wholesaler focused on delivering the most complete selection of professional tools, garage equipment and supplies to the automotive industry through a network of 20,000-plus distributors.
The Ropes & Gray team included tax partner Eric Elfman (Boston); executive compensation & employee benefits partner Alexandra Alperovich (New York); labor & employment partner Megan Bisk (Boston); real estate partner Daniel Stanco (Boston); and real estate & environmental partner Peter Alpert (Boston).
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