A Locke Lord team led by Andrew Hughes and Paul Mahoney (both of Providence) represented Silver Oak Services Partners, LLC, a lower-middle market private equity firm focused exclusively on business, healthcare and consumer services companies, in its sale of The Tranzonic Companies to Pittsburgh-based PNC Riverarch Capital. Tranzonic is a value-added supplier of consumable maintenance, cleaning, safety and hygiene products to commercial and industrial end markets in North America. Locke Lord represented Silver Oak in its original investment in Tranzonic in July 2013, and counseled Silver Oak and the Company on various strategic initiatives, including add-on acquisitions. The Locke Lord team on the sale transaction included Christopher Flanagan and Megan Foscaldi (all of Boston), Lori Basilico and Joe Farside (both of Providence), and Julie Mahaney (Hartford). For more information, please see the Silver Oak press release.
Posted April 27, 2018