Ropes & Gray Represents Stanadyne in Sale of Filtration Business to Clarcor
Ropes & Gray recently advised Stanadyne Corp., a Kohlberg-backed company, on the sale of its Filtration business to Clarcor Inc. for approximately $325 million. The transaction was announced April 28. The Stanadyne Filtration business supplies equipment and replacement fuel filtration products to leading original equipment manufacturers, and includes a manufacturing facility in Washington, N.C. and engineering and administration operations in Windsor, Conn. The sale is expected to close within the first two weeks of May.
The cross-practice Ropes & Gray team was led by private equity partner William Shields (Boston) and included executive compensation & employee benefits partner Loretta Richard (Boston); real estate investments & transactions partner Peter Alpert (Boston); tax partner Eric Elfman (Boston); labor & employment partner Diane Patrick (Boston); private equity partner Craig Marcus (Boston); and antitrust partner Michael McFalls (Washington, D.C.).