Cassels represented EHC Global in the recent closing of the acquisition of the company by Prysmian Group in a transaction valued at $130 million.
Established in Canada in 1977, EHC Global is a leading global manufacturer and supplier of escalator handrails, rollers, elevator belts, strategic components, and integrated solutions for the vertical transportation industry. EHC Global also provides a comprehensive range of maintenance and installation services for escalators and moving walkways. Both EHC Global and Prysmian Group’s Draka Elevator are well-established and highly-respected brands within the global elevator and escalator industry.
The in-house EHC Global transaction team was led by Randy Lewis, EHC Global General Counsel. The Cassels deal team was led by Jake Bullen and included Mickey Lungu, Andrew Dilts, and Jesse Tepperman (Private Equity and M&A), Doug Richardson (Tax), Chris Hersh (Competition & Foreign Investment), Brenda Swick (International Trade), and Ted Frankel and Tim Pinos (Litigation).