New York, September 2, 2015 - Day Pitney is advising Fuel Systems Solutions, Inc., a leading designer, manufacturer and supplier of proven, cost-effective alternative fuel components and systems for use in transportation and industrial applications, in connection with its merger with Westport Innovations Inc., a leader in advanced high-performance, low-emission fuel system and vehicle technologies utilizing gaseous fuels for transportation and industrial applications. Skadden Arps, Slate, Meagher & Flom, is counsel to Fuel System's board of directors on the merger. The transaction will result in a combined equity value of $351 million based on the closing trading prices for the shares of both companies on August 31, 2015 and combined annual revenues ranging from $380 to $405 million projected for 2015. The companies anticipate closing the transaction in the fourth quarter of 2015.
Ronald Janis led the Day Pitney team, which included Achilles Kintiroglou, Kendall Wilson, Henry Ko, Ellen Knarr, David Doyle and Steve Ziobrowski.
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Day Pitney Partners Gretchen Blauvelt-Marquez, Michael Fitzpatrick, James Leva, Nicole Magdiziak and Thomas O'Mullane's promotion to partnership and Partner Todd Terhune's arrival to the firm were featured in the New Jersey Law Journal's New Partners Yearbook 2023.
Day Pitney's election of 11 new partners was featured in Law360 Pulse article, "Day Pitney Elevates 11 To Partner."
Day Pitney Real Estate and Land Use Partner Nicole Magdziak's promotion to partner was featured in Real Estate NJ's article, "Day Pitney Real Estate, Land Use Lawyer in New Jersey Named Partner."
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Day Pitney Press Release
Day Pitney Partner Michael Kaufman was featured in a Law360 Pulse Q&A discussing his new position as chair of the firm's Institutional Finance and Commercial Lending group.
Day Pitney Stamford Partner Michael Kaufman's new role as chair of the firm's Institutional Finance and Commercial Lending group was featured in Law360 Pulse.
Day Pitney Press Release
Day Pitney Press Release