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Landers and Allens act on Reece acquisition

Landers and Allens act on Reece acquisition

Allens and Lander & Rogers landed the main roles on a $280 million deal.

Firms: Lander & Rogers (Reece Australia Limited); Allens (Catalyst Investment Managers)

Deal: Reece acquires Actrol Parts Holdings Ltd

Value: $280 million

Area: Private Equity

Key Players: Landers had a large team that worked on the matter. Jackie Solakovski was the lead partner, with support from fellow partners Derek Humphrey-Smith, Robert Neely, Daniel Prietto, John Wells, David Bradley and Calum Henderson. Allens private equity co-head Mark Malinas was the head of his firm’s Melbourne-based team

Deal Significance: Reece is a leading supplier of bathroom and plumbing products, while Actrol is a key wholesaler to the mechanical services and building industries. “This represents an important strategic acquisition as Reece further expands its capability in the refrigeration and air-conditioning industries,” said Solakovski (pictured).

 

*Note: Lawyers Weekly is published by Cirrus Media, which is owned by Catalyst Investment Managers.

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