NEW YORK, August 7, 2024 – Proskauer, a leading international law firm, announced today that it advised Stellex Capital Management (“Stellex”), a private equity firm that invests in middle-market companies in North America and Europe, on its agreement to acquire McConway & Torley and Standard Forged Products (together, the “Company”) from Arcosa, Inc. (NYSE: ACA). The acquisition is expected to close during the third quarter.
The Company produces cast, forged and machined products for rail and industrial customers. It has been in operation since 1869. Stellex’s acquisition enhances the Company’s potential to accelerate its growth trajectory and pursue organic and acquisitive growth opportunities, both vertically and laterally.
The Proskauer team advising Stellex was led by partners James Lee and Kristian Herrmann (M&A). It also included associates Kelly Meric, L. Taylor Robertson and J. Ryan Murphy (M&A); partner Aliza Cinamon (Environmental); partner Philip Kaminski (Finance); senior counsel Nicholas LaSpina (EBEC); partner Malcolm Hochenberg (Tax); partner Robert Shmalo (Real Estate); partner Wai Choy (TMT); partner John Ingrassia (Antitrust); and partner Nathan Lander (Insurance).
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