The Firm is representing First Reserve in connection with its definitive agreement to acquire The Goldfield Corporation (NYSE American: GV) for $7.00 per share in cash, pursuant to a cash tender offer. The transaction is subject to customary closing conditions and is expected to close by January 2021.
Goldfield is a leading provider of electrical transmission and distribution maintenance services engaged in the construction of electrical infrastructure for the utility industry and industrial customers, primarily in the Southeast, mid-Atlantic and Texas-Southwest regions of the United States.
The Simpson Thacher team includes Michael T. Holick, Nina Bakhtina, Michael Schaeppi and Alexander Porro (M&A); Alden Millard, Michael Vernace, Dennis Durkin and Kalyan Venkatraj (Banking and Credit); Barrie Covit (Funds); Andrew Purcell, Joseph Tootle and Edward Grais (Tax); Larry Moss, Patricia Adams and Ashlie Lawton (Employee Benefits and Executive Compensation); Lori Lesser and Amber Harezlak (Intellectual Property); Tim Mulvihill (Environmental); Krista McManus (Real Estate); and Kelly Karapetyan (Antitrust).