A purchase agreement for the acquisition of EHC Global by Prysmian Group has recently been signed. The transaction, valued at $130 million, is subject to regulatory approvals and other customary closing conditions.
Established in Canada in 1977, EHC Global is a manufacturer and supplier of escalator handrails, rollers, elevator belts, strategic components and integrated solutions for the vertical transportation industry. EHC Global also provides a comprehensive range of maintenance and installation services for escalators and moving walkways.
Cassels Brock & Blackwell LLP represented EHC Global with a team led by Jake Bullen and which included Mickey Lungu, Andrew Dilts and Jesse Tepperman (all from the private equity and M&A team).
Randy Lewis, EHC Global’s general counsel, led the in-house EHC Global transaction team.
Allen & Overy LLP’s Milan office advised Prysmian Group.