DLA Piper advised Rolls-Royce in an agreement to sell its Naval Propulsors & Handling business to Fairbanks Morse Defense, a portfolio company of Arcline Investment Management.The sale includes a range of propellers and waterjets for naval applications, as well as marine handling systems, which enable the deployment and recovery of manned and unmanned craft, and other cargo, from naval vessels. The sale includes Rolls-Royce’s facilities in Pascagoula, Mississippi and Walpole, Massachusetts in the US, as well Peterborough, Ontario in Canada.
The DLA Piper team was led by partners Andrew Weil and Brian Wohlberg (Chicago) in the US and Russel Drew (Toronto) in Canada. Others who worked on the deal included Paolo Morante (New York), William Bartow (Philadelphia), and Kurtis Weaver (Boston); of counsel Brad Jorgensen (Austin); and associates Aimee Parmley (Minneapolis), Darius Callum (Chicago), and Pete Young (Washington, DC).
With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 14 consecutive years, according to Mergermarket, and ranked as a top five most active VC legal advisor in the US and number one in VC, PE and M&A in combined global deal volume according to PitchBook.
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