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. Cassels acted as external counsel to EHC Global.