(Feb. 9, 2018) – National law firm Lowenstein Sandler advised Foley Inc., the Caterpillar franchisee for northern New Jersey, Staten Island, and Bermuda, in acquiring substantially all of the assets of Giles & Ransome Inc. (Ransome CAT). The move expands Foley’s Caterpillar territory to include eastern Pennsylvania, southern New Jersey and northern Delaware.
The deal, involving two of the Northeast’s largest and oldest family-owned companies and accounting for a combined 160 years of industry experience, was finalized on February 8, 2018. Lowenstein also represented Foley in negotiating the transaction’s financing, which was led by Wells Fargo & Co.
“Our acquisition of Ransome CAT represents a key part of our corporate growth strategy,” said Jamie Foley, CEO, Foley Inc. “Lowenstein’s smart, practical guidance throughout the acquisition process was instrumental in helping us effectively execute this critical transaction.”
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