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Client Success

Successful Acquisition Expands International Reach

September 8, 2023

Maslon has had the pleasure of representing Amano Pioneer Eclipse Corporation (APEC) as mergers and acquisitions counsel since 2013, working directly with the executive team to provide both strategic and tactical advice.

APEC is a worldwide leader in the design and production of commercial floor care equipment and chemicals. In 2023, APEC called on Maslon's Corporate & Securities Group to execute its acquisition of HireTech, a United Kingdom–based manufacturer of wood floor sanding machines for the tool rental (hire) market. The transaction proved to be a complicated cross-border deal involving three continents.

A team of Maslon attorneys led by Terri Krivosha and Susan Markey worked on the acquisition for many months, during which time they served as liaisons to a firm in the U.K. that provided local advice as needed. The deal closed successfully on Sept. 8, 2023.

"With HireTech’s established presence in the UK, Europe, and Australia, this acquisition allows the company to further expand its geographic reach into the international rental markets," said Tom Benton, CEO of Amano Pioneer Eclipse. “We are very happy to have this opportunity to fulfill more of the diverse needs and demands of the world-wide tool rental industry.”

Maslon attorneys who assisted in the transaction include Marissa Newton and Jessica Karp.

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