Parker Poe attorneys understood the client’s goals and objectives and the business drivers necessary for a successful outcome…

Parker Poe attorneys understand a client’s business is more than what it takes to keep the wheels turning each day. The combination of sound legal strategy and a market driven initiative resulted in a successful fiscal transaction for an international equipment rental client. Our attorneys helped London Stock Exchange listed Ashtead Group PLC shed a non-core business and advance its conservative fiscal plan to reduce net debt.

Ashtead Group PLC tapped Parker Poe to lead the international company’s effort to dispose of its subsidiary electronic equipment to the offshore oil and gas sector. There was a limited window of opportunity to complete the transaction in order to achieve optimal results for the client. The sale of industry-leader Ashtead Technology Rentals reached completion when oil prices were at a peak and for a price more than four times revenues.

The experience needed for this particular transaction required a collaborative and seamless effort from attorneys skilled in financial transactions and the challenges of dealing with an industry-specific segment of an international company’s operations. Parker Poe attorneys understood the client’s goals and objectives and the business drivers necessary for a successful outcome for Ashtead Group PLC. The successful completion of the transaction lined up with our client’s strategy to capitalize on opportunity in order to achieve sustained growth in a global economy. Parker Poe attorneys know that understanding a client’s business is key to a successful outcome and exceeding client expectations.