05 May 2017

Miller Johnson Represents Marshall Excelsior Company in Sale to Harbour Group

The Transaction
In March 2017, Marshall Excelsior Company (MEC) was acquired by Harbour Group Ltd. (Harbour Group) based in Saint Louis, Missouri. MEC is a leading designer, manufacturer and supplier of mission-critical, highly engineered flow control products used in the transportation, storage and consumption of liquefied petroleum gas and liquefied anhydrous ammonia. Over the past 40 years, MEC has provided a variety of solutions, including fittings, adapters, valves, regulators, pigtails, gauges and accessories, to its growing base of customers.

Franco Domingo, the CEO and President of MEC, stated that “Miller Johnson was instrumental in helping us throughout the process of negotiating all buy/sell terms and conditions in the best interests of Marshall Excelsior Company. The MJ team consistently acted professionally, timely, and in a fashion that kept the process moving steadily toward the targeted objectives and close date.”

BDO Capital Advisors, LLC was MEC’s financial advisor and Miller Johnson acted as legal advisor to the shareholders of MEC in the transaction. Miller Johnson’s team included Dustin Daniels (M&A; Corporate), Brittany Harden (Corporate), Loic Dimithe (Corporate), Neil Williams (Tax), Jim Ens (Real Estate), Mary Bauman (Employee Benefits), Frank Berrodin (Employee Benefits), Nate Plantinga (Employment) and Alan Schwartz (Environmental).

Marshall Excelsior Company
( MEC is located in Marshall, Michigan and was a family-owned business for more than 40 years. MEC’s products support various liquefied petroleum gas and liquefied anhydrous ammonia applications including bulk storage, transport, commercial, domestic and recreational vehicles.

Harbour Group
( Harbour Group is privately owned and based in St. Louis, Missouri. Since 1976, they have partnered with management teams to grow 193 businesses across 41 industries. Harbour Group helps build great businesses by sharing their experience and by offering world-class resources in operations, acquisitions and finance.

Miller Johnson’s Mergers and Acquisitions Group
Miller Johnson’s M&A practice group collaborates with clients and their advisors to structure, negotiate and close deals and to navigate the various challenges that can arise in the context of mergers, acquisitions, dispositions and other business combination or investment transactions.

Miller Johnson is listed for mergers and acquisitions with U.S. News & World Report’s Best Law Firms and is ranked by Chambers USA. At the M&A Deals and Dealmakers Awards presented annually by the Association for Corporate Growth (ACG) West Michigan chapter and MiBiz, Miller Johnson attorneys are consistently involved in deals honored as finalists for the Deal of the Year categories. For further information, please contact Dustin Daniels at (616) 831-1737 or Erik Daly at (616) 831-1723.