Andy C.R. Veit, P.C.

Kirkland advised Kinderhook Industries, LLC, a private equity investment firm that manages over $5 billion of committed capital, on its entry into a definitive purchase agreement pursuant to which it will acquire from WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) 100% of the equity interests of Gulf Tanks Holdings, Inc., the parent company of Mobile Mini Tank and Pump Solutions, Inc. (“Tank and Pump”), a leading provider of logistics based environmental solutions focused on the containment of liquid and solid industrial waste. The transaction will result in Tank and Pump becoming a privately held company with an enterprise value of approximately $323 million. The transaction is expected to close in the third quarter of 2022. Read the Kinderhook press release The Kirkland team was led by corporate partner Shawn OHargan and debt finance partner Andy Veit, and corporate associate Brandon Gershowitz and debt finance associate Daniel J. Kirksey.

Aug 24

1 min

Kirkland & Ellis advised Beacon Offshore Energy LLC on the divestment of its non-operated interests in certain fields in the deepwater Gulf of Mexico in accordance with a previously executed definitive agreement with GOM 1 Holdings Inc., an affiliate of O.G. Oil & Gas Limited. The divestment includes Beacon’s 18.7% interest in the Buckskin producing field, 17% interest in the Leon development, 16.15% interest in the Castile development, 0.5% interest in the Salamanca FPS/lateral infrastructure and 32.83% interest in the Sicily discovery. Read Beacon Offshore’s press release The Kirkland team was led by corporate partners R.J. Malenfant, Chad Smith, Rhett Van Syoc, Jonathan Strom and Daniel Cadis; debt finance partner Andy Veit and associate Brittany Taylor; tax partners Mark Dundon and Joe Tobias; and environmental partner Jonathan Kidwell and associate Alex Noll.

Mar 29

1 min

Kirkland & Ellis advised the special committee of the board of Safehold Inc. (NYSE: SAFE) in connection with Safehold’s tax-free, strategic combination with its controlling shareholder iStar Inc. (NYSE: STAR). In addition, iStar will spin off to iStar shareholders a new publicly traded entity that will own all of its remaining non-ground lease assets and $400 million of its SAFE shares. The transaction will accelerate Safehold’s market leadership in the ground lease industry and make Safehold the only internally-managed, pure-play ground lease company in the public markets. Concurrent with the closing of the transaction, MSD Partners will make a strategic investment in the combined company. The transaction is expected to close in late Q4 2022 or in Q1 2023, subject to satisfaction of closing conditions. Read the Safehold press release The Kirkland team was led by corporate partners Michael Brueck, Eric Schiele and David Perechocky and associates Daniel Yip, Alexandra Gallogly, Josh Dulberg and Eric St. Bernard, capital markets partners Joshua Korff and Ross Leff and associate Alborz Tolou, debt finance partner Andy Veit and associate Patrick Loughery, tax partners Mike Beinus and Justin Barbosa, real estate partner Andrew Van Noord and associate Victoria Acuff, executive compensation partner Rob Fowler and associate Rebekah Kostelak, and technology & IP transactions partner Neil Hirshman and associate Scottie Shermetaro.

Aug 11

1 min

Kirkland & Ellis advised Kinderhook Industries, LLC portfolio companies on two deals: IRONCLAD Environmental Solutions (IRONCLAD) on its acquisition of Adler Tank Rentals from McGrath RentCorp; and VESTA Modular (VESTA) on its sale to McGrath RentCorp for a cash purchase price of $400 million. IRONCLAD is an industry-leading provider of specialty waste management solutions and temporary storage and containment equipment for hazardous and non-hazardous waste. The acquisition of Adler Tank Rentals will create a national platform for delivering specialty waste management, containment and transport solutions. VESTA is a leading provider of temporary and permanent modular space solutions across a diverse base of end markets and applications. Read the transaction press releases here and here The Kirkland team for both transactions was led by corporate partners Thomas Marbury and Shawn OHargan; debt finance partner Andy Veit; tax partner Philip Cooke; and investment funds partner John Budetti.

Feb 2

1 min

Kirkland & Ellis advised Mach Natural Resources LP, an independent upstream oil and gas company focused on the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas, on its initial public offering of 10,000,000 common units representing limited partner interests in Mach at a price to the public of $19.00 per common unit. The offering closed on October 27, 2023. Read Mach’s press release The Kirkland team was led by capital markets partners Julian Seiguer and Michael Rigdon and associates Erin Meziere, Robbie Dillard and Taylor Santori; corporate partners Cy Jones and Josh Teahen; debt finance partner Andy Veit; tax partners Mark Dundon and Rebecca Fine; and executive compensation partner Stephen Jacobson and associate James Sprague.

Oct 27

1 min