Simpson Thacher Represents Excel Mining Systems in Sale to Orica Limited
09.26.07
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Simpson Thacher is representing Excel Mining Systems, which is owned by a consortium led by Snow Phipps Group, in its sale to Orica Limited, an Australian-based industrial company, for approximately $670 million subject to closing adjustments. The Snow Phipps consortium acquired the company from its founder in October 2006.
Excel is a leading manufacturer and distributor of specialty bolts and accessories for strata support in underground mining in the United States.
The Simpson Thacher team working on the transaction includes: Andrew Smith and Rhett Van Syoc (M&A), Gary Mandel and Noah Beck (Tax), Michael Richman (Employee Benefits), Adeeb Fadil and Tim Mulvihill (Environmental), and Julie Levy ( Labor).