AVON, OHIO – March 3, 2021
On March 2, 2021, Webster Industries, Inc., an employee-owned company, announced its acquisition of Action Equipment Company in Newburg, Oregon. Webster, located in Tiffin, Ohio, is an industry leader in conveyor chain, sprockets, vibrating conveyors and specialty castings. Action is also a leading manufacturer of vibratory conveying and process equipment. Wickens Herzer Panza, along with Brent Howard of Supance & Howard of Tiffin, advised Webster in the acquisition.
Ben Cooke, a shareholder in the WHP Corporate & Business Transactions practice, directed the WHP legal team, joined by fellow shareholder Chris Peer, who led the financing team. Julie Vaccarelli, John Polinko, and Brandon Wojtasik comprised the rest of the deal team. Richard Naegele, a Fellow of the American College of Employee Benefits Counsel, advised on all ESOP and employee benefit matters in the transaction. McEwen Gisvold LLP in Portland, Oregon, served as counsel for Action.
“We were so proud to represent Webster in this transaction and thrilled to get this deal done,” said Cooke. “Partnering with Brent Howard was an absolute pleasure and it was great to bring our firm’s expertise to bear in all the various aspects of this deal.”
Terms of the deal were not disclosed. You can learn more about the transaction here: