Ropes & Gray represented BEF Investments in connection with its sale of T.W. International Inc. (“T.W.”), a leading supplier and distributer of fasteners throughout the U.S. and Canada, to Earnest Machine Products Company (“Earnest”). Under the terms of the agreement, Earnest will acquire the entirety of T.W.’s business, as well as the inventory in T.W.’s warehouses in Pennsylvania and Illinois. T.W. was sold for an enterprise value of $68 million, and the transaction closed on September 30.
The Ropes & Gray team was led by mergers & acquisitions partner Matthew Byron and tax partner Alyssa Kollmeyer, and included asset management counsel Eli Rosenbaum.
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