June 16, 2011
Norris McLaughlin, P.A.
721 Route 202-206, Suite 200
P.O. Box 5933
Bridgewater, NJ 08807-5933
Contact: Edward C. Miller, Jr.
Chief Marketing Officer
(908) 722-0700 x4224
Norris McLaughlin, P.A. Represents Dielmann-Haniel in $61 Million Deal
Bridgewater, NJ (June 16, 2011) – The Bridgewater-based law firm Norris McLaughlin, P.A. represented Dielmann-Haniel International Mining and Tunneling GMBH (DHI) in its divestiture of Frontier-Kemper Constructors, Inc. (“Frontier-Kemper”), an Indiana-based provider of construction services and related manufactured products to the tunneling and mining industries. Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, acquired 100% of Frontier-Kemper’s stock for approximately $61 million in cash and assumed approximately $52 million of debt, of which $35 million was paid off at closing. Tutor Perini financed the transaction with proceeds from its senior note offering that closed in October 2010.
John N. Vanarthos and James H. Laskey led the team of attorneys in the Norris McLaughlin, P.A. Mergers and Acquisition Group that worked on the deal. The team of attorneys on the deal also included Charles A. Bruder on employee benefits issues and Jeffrey M. Casaletto on environmental issues.
“Vanarthos and his team impressed us not only with their sound understanding of the economical content of this deal and a thorough, clean, easy-to-follow process, but as well with the indefatigable force to meet the very short deadlines, the availability around the clock and their skill to explain complex legal matters patiently. This was all the more important as DHI is based in Germany and language barriers and the unfamiliar legal system certainly required more explanations as it would have with all parties being US- based. We could not have accomplished this transaction in such a straight-forward, speedy process without their help and recommend John Vanarthos and his team any time,” commended Nina Gnutzmann, LL.M. Eur., Corporate Counsel for ATON, the parent company of DHI.
Frontier-Kemper builds tunnels for highways, railroads, subways and rapid transit systems. It also constructs tunnels, shafts and other facilities for water supply and wastewater transport and develops and equips underground mines with innovative hoisting, elevator and vertical conveyance systems for the mining industry. Headquartered in Evansville, Ind. with office locations in Pelham, N.Y., and Seattle, Wash., Frontier-Kemper employs over 600 people and has current backlog of approximately $300 million. Revenues in fiscal year 2010 were approximately $148 million.
During the more than fifty years of the firm’s history, the attorneys of Norris McLaughlin, P.A. Mergers & Acquisitions Group have structured, negotiated and closed numerous U.S. and international transactions ranging from small-scale to complex multi-million dollar deals. The NMM attorneys have vast experience in all aspects of such corporate transactions, including asset and stock sales, statutory mergers, tax-structured transactions, corporate reorganizations, tender offers, leveraged buyouts, LLC/Limited Partnership, interest exchanges, financing arrangements, due diligence investigation, and governmental approvals and clearances. The Group is experience in analysis of all merger and acquisition-related tax, securities, labor, employee benefits, antitrust, real estate, intellectual property, and environmental issues.
Norris McLaughlin, P.A. is the exclusive New Jersey member of Meritas, a worldwide affiliation of independent law firms across the United States and in 70 countries. Membership in Meritas enables the firm to effectively coordinate multi-state transactions by providing high-quality legal services outside the State of New Jersey. The members of Meritas are mid-sized firms which must meet the highest standards of competency and service as a condition of membership.