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IN THE NEWS: Norris McLaughlin & Marcus Represents Dielmann-Haniel in $61 Million Deal

Norris McLaughlin & Marcus, P.A. recently represented Dielmann-Haniel International Mining and Tunneling GMBH (DHI) in its divestiture of Frontier-Kemper Constructors, Inc. (“Frontier-Kemper”), an Indiana-based provider of construction services and related manufactured products to the tunneling and mining industries.  Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, acquired 100% of Frontier-Kemper’s stock for approximately $61 million in cash and assumed approximately $52 million of debt, of which $35 million was paid off at closing.  Tutor Perini financed the transaction with proceeds from its senior note offering that closed in October 2010.

John N. Vanarthos and James H. Laskey led the team of attorneys in the Norris McLaughlin & Marcus Mergers and Acquisition Group that worked on the deal, including Scott M. Baach and Erin T. Welsh.  The team of attorneys on the deal also included Charles A. Bruder on employee benefits issues and Jeffrey M. Casaletto on environmental issues.

“Vanarthos and his team impressed us not only with their sound understanding of the economical content of this deal and a thorough, clean, easy-to-follow process, but as well with the indefatigable force to meet the very short deadlines, the availability around the clock and their skill to explain complex legal matters patiently. This was all the more important as DHI is based in Germany and language barriers and the unfamiliar legal system certainly required more explanations as it would have with all parties being US- based. We could not have accomplished this transaction in such a straight-forward, speedy process without their help and recommend John Vanarthos and his team any time,” commended Nina Gnutzmann, LL.M. Eur., Corporate Counsel for ATON, the parent company of DHI.

Frontier-Kemper builds tunnels for highways, railroads, subways and rapid transit systems. It also constructs tunnels, shafts and other facilities for water supply and wastewater transport and develops and equips underground mines with innovative hoisting, elevator and vertical conveyance systems for the mining industry. Headquartered in Evansville, Ind. with office locations in Pelham, N.Y., and Seattle, Wash., Frontier-Kemper employs over 600 people and has current backlog of approximately $300 million.  Revenues in fiscal year 2010 were approximately $148 million.