Akron Corporate Team Advises HVAC&R Client on Significant Acquisition
Akron, Ohio (August 13, 2020) - Akron Managing Partner David Kern, along with Associates Casey J. Davis and Anna M. Luczkow, recently advised a leading independent HVAC&R solutions provider on the acquisition of two specialty HVAC&R equipment rental and logistical support businesses.
In the transaction, Lewis Brisbois’ client, Resolute Industrial Holdings, LLC (Resolute), a provider of specialty HVAC&R equipment rental solutions, compressor remanufacturing, and refrigerant storage services, acquired the assets of DriExpress, LLC (DriExpress) and Empire Holdings, LLC (Empire), both of which serve the emergency and restoration services market.
With operations throughout the United States, DriExpress and Empire Holdings support restoration and disaster mitigation industry professionals by providing HVAC&R equipment rental, temporary power, and logistical support in response to catastrophic and everyday events. Offering equipment including air movers, HEPA air scrubbers, drying systems, generators, and refrigerant dehumidifiers, these companies also provide broader temporary HVAC&R solutions within the U.S. market.
According to Resolute’s press release concerning the acquisition, Empire’s owner, along with a team of project managers, have joined Resolute and will continue to serve their longstanding customers. DriExpress’ owner will support Resolute as an independent sales representative for new projects.
Messrs. Kern and Davis, as well as Ms. Luczkow, are members of Lewis Brisbois’ Corporate Practice. Mr. Kern works with clients to develop and execute business savvy legal and tax strategies for businesses from early stage through maturity and sale or merger, with a view toward maximizing benefit to their owners and investors. Ms. Luczkow and Mr. Davis’ practices focus upon mergers and acquisitions as well as general corporate law matters and transactions.