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Druces advises Ideal Industries on sale of CMD

Druces’ corporate team has advised IDEAL INDUSTRIES, INC. (“IDEAL”) in connection with the sale of one of its divisions, CMD, to Rubicon Partners.

IDEAL INDUSTRIES, INC. is a global, diversified family-owned business designing and manufacturing superior products for the electrical, lighting and infrastructure industries.

Druces’ team included Antony Cotton, Claire Rigby, Neil Pfister and Cheryl Michalik.

Commenting on the transaction, Jeffrey Liebling, General Counsel for IDEAL, observed:

“We reached out to Antony and Claire at Druces to advise on this deal and we were able to close within a few weeks. Antony and Claire seemed to never sleep during the dealmaking process – they were extremely responsive and timely each step of the way. They were also of the highest caliber in terms of negotiating, drafting and advising, and had a refreshingly practical approach, which is greatly appreciated. I would give my highest recommendations to working with them both.”

Druces partner, Antony Cotton commented:

“We are delighted to have once again been able to work with Jeff and his talented team at IDEAL and are pleased to have supported them on this deal, especially as the business takes this important strategic step. We look forward to their future success and working with them in the continued implementation of their global strategy.”

Further information

For further information about Druces’ corporate services please contact the team or fill in the form below:

Claire Rigby

Claire Rigby

Senior Associate

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