Alvarez & Diaz-Silveira LLP (ADS), a Miami-based corporate boutique law firm specialising in transactional work including international and domestic M&A, finance, real estate, and immigration services, announced that it has represented Dometic AB as lead US counsel in its acquisition of SeaStar Solutions from affiliates of American Securities LLC. SeaStar Solutions is a leading provider of vessel control and fuel systems and aftermarket products to the leisure marine industry. The transaction is valued at $875 million USD and was fully financed via cash and committed bank facilities.
Alvarez & Diaz-Silveira LLP attorneys Colleen Grady and Albert Diaz-Silveira negotiated the deal, and Lauren Hunt and Paula Buzzi led the real estate portion. The ADS team coordinated a group of specialized counsel that assisted on the matter that included Mark Hamilton from Danziger & Markhoff LLP for ERISA matters, Nick Katsanos from Seward & Kissel for HSR matters, and Andrew Robertson of Lawson Lundell for Canadian matters. Arnold & Porter Kaye Scholer LLP represented the seller.
“We’re pleased to have been able to advise Dometic in executing this important business transaction which continues to advance Dometic’s mission of ‘Mobile Living Made Easy’”, said Grady. “For the firm, this deal showcased our ability to act as lead counsel on an exceptionally complex multinational transaction. Deals of this magnitude are typically handled by large full-service firms but our platform is an alternative to successfully and cost-effectively close such a transaction by working with specialists with whom we have long-standing relationships”, she added.
