Pillsbury advised UltiSat Inc. in its definitive agreement to be acquired by Speedcast International Limited for a purchase consideration of up to $100 million. UltiSat is a leading provider of remote communications solutions. The acquisition will significantly strengthen Speedcast’s existing position in the government and NGO sectors.
Speedcast is one of the world’s most trusted providers of highly reliable, fully managed, remote communication and IT solutions. The UltiSat acquisition will establish a new government division at the company that will focus on providing communication solutions and professional services to governments, international government organizations (IGOs) and non-governmental organizations (NGOs).
The Pillsbury team advising on the transaction was led by Corporate partner Matt Swartz. Corporate counsel Justin Bintrim and associate Lindsey Livingston; International Trade partner Nancy Fischer and associate Matthew Rabinowitz; and Executive Compensation & Benefits partner Howard Clemons and senior associate Justin Krawitz also played critical roles.