A Pillsbury Team led by Corporate partner Jonathan Russo advised Bal Seal Engineering, Inc., a global provider of custom-engineered sealing, connecting, conducting, and shielding solutions for original equipment manufacturers, on its pending sale to Kaman Corporation. Kaman will acquire Bal Seal and related assets for approximately $330 million under a securities and asset purchase agreement, with the transaction expected to close before year end subject to customary closing conditions, including the receipt of required regulatory approvals.
Bal Seal has been a leader in the design, development and manufacturing of precision springs, seals, and contacts for the last sixty years. With a strong platform of more than 240 patents across its proprietary manufacturing and material technologies, the Company specializes in delivering mission critical components to customers in the medical technology, aerospace and defense, and industrial end markets.
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In addition to Russo, who is spearheading Pillsbury’s representation of Bal Seal, the multi-practice team advising on the matter includes Corporate & Securities special counsel Ted Powers and associates Narges Aminolsharei and Mel Pudig; Executive Compensation & Benefits partner Jessica Lutrin and associates Danielle Bradley and Kevin Lin; Real Estate partner Christian A. Buerger; Tax partner Nora E. Burke and associate Hannah Hollingsworth; Public Practices Partner Nancy Fischer and senior associate Matthew Ross Rabinowitz; Employment & Labor Senior Counsel Laura K. Latham; Environmental special counsel Reza S. Zarghamee; Finance partner Joel M. Simon; Intellectual Property partner Edward A. Cavazos and senior counsel Steven Tepera; Litigation partner Alexander D. Hardiman and Antitrust & Competition partner Michael Sibarium and attorney Evan Storm.