Corporate & M&A · 2025
A $340M carve-out, closed against the clock
Meridian Manufacturing
$340M
Deal value
58 days
Time to close
$0
Price adjustments
Overview
We represented a family-held manufacturer selling its industrial coatings division to a private-equity buyer on a sixty-day timeline.
The matter
Meridian had agreed to sell a division that had been entangled with the parent company for forty years, but the buyer set a hard closing date tied to its own fund deadline — leaving barely two months to separate the two businesses cleanly.
Our strategy
We ran a parallel workstream for every open issue at once — carving out shared contracts, standing up a transition-services arrangement, and pre-clearing antitrust — so nothing waited in line. A partner sat at the negotiating table for every session.
The result
The transaction closed two days ahead of the buyer's deadline at full value, with a transition-services agreement that kept both businesses running without a day of disruption.
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