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Haynes and Boone Announced as Finalist in 10th Annual M&A Advisor Awards
DALLAS – Haynes and Boone, LLP has been selected as a finalist in the 10th Annual M&A Advisor Awards in two categories ― Middle-Market Deal of the Year (from $250 million to less than $400 million) and Industrial Manufacturing/Distribution ($250 million and over) ― for its work on the sale of Industrial Container Services (ICS), which was owned by Dallas-based private equity client Wingate Partners LP.
This year saw a record 389 nominations representing more than 500 companies. The finalist companies were selected in the first stage of evaluation and an independent panel of judges will select the award winners.
The deal was originally announced in September. Dallas Partner Tom D. Harris and Dallas associates Tom L. Tippetts and Mark J. Robinson, Jr. handled the mergers and acquisitions issues. They were assisted by Jeff Civins (environmental), Kenneth K. Bezozo (tax), Susan A. Wetzel (ERISA), Jennifer Wisinski (Hart-Scott-Rodino), Paul Amiel (finance), Randall E. Colson (intellectual property), Erika L. Blomquist (insurance) and Laura E. O’Donnell (labor and employment).
Wingate acquired ICS in 2005 and, over the next six years, ICS made seven add-on acquisitions, expanded its geographic footprint and significantly increased its share of the U.S. reconditioned drum market. Throughout that period, ICS nearly doubled revenue and more than tripled EBITDA.
In connection with the transaction, a Piper Jaffray team led by Michael Dillahunt provided financial advice to Wingate and ICS.
The awards will be presented at the 2011 M&A Advisor Summit and Awards Gala on Dec. 13 in New York City.