Throughout our firm’s history, Connecticut-based manufacturers and industrial distributors have turned to us for guidance on acquisitions, divestitures, financing, tax planning and corporate governance on all phases of a transaction. We are proud to provide legal services to this industry, so vital to Connecticut’s economic health and future.
For nearly 40 years, the Osterman family of companies has been one of the leading U.S. distributors of engineering and commodity-grade thermoplastics used in the consumer, packaging, automotive, construction and medical industries. In early 2013, Pullman & Comley attorneys represented this Cheshire-based client in its acquisition of a major Central American resin distributor, Quimtec LP, and assisted in the re-documentation of Osterman’s loans enhancing the company’s position as a market leader in the Americas. Osterman has retained our firm as its corporate counsel as it continues to expand to meet the demands of this exciting and dynamic international marketplace.
In another major transaction, our attorneys represented Micro Precision LLC in 2012 in its second major acquisition of assets. This enabled the company to add aerospace component manufacturing to its precision manufactured array of products, thereby doubling the size of its business. Precision’s fast-growing manufacturing businesses now provide precision-machined components and systems to aerospace OEMs (original equipment manufacturers), the train locomotive industry as well as mechanical assemblies to the U.S. Department of Defense for its nuclear submarine fleet. In fact, when you hear that distinctive train whistle or horn anywhere in the world, it is likely a Nathan Airchime which has been manufactured for more than 50 years.
In our work for Precision, our attorneys carefully analyzed U.S. and Canadian corporate and tax laws in order to properly consolidate the numerous business lines of this multi-tiered, multinational enterprise into one newly formed U.S. domestic company. As a result of this transaction, major manufacturers across dozens of industries will continue to rely upon Micro Precision to supply them with products that meet the most demanding of industry tolerances.
Pullman attorneys have bridged the gap between manufacturers’ needs and technology companies in our work for logistics specialist 3Gtms, Inc. We represented 3G, a developer of a best-of breed suite of transportation software products in its merger with Transite Technology, an award-winning developer of highly specialized transportation management systems (TMS). Completed in February 2013, the unified logistics software company will retain the 3G name and operate under the direction of 3G’s CEO. No stranger to logistics, the CEO was one of the founders of G-Log (Global Logistic Technologies, Inc.), a logistics software and services developer for manufacturers, third-party logistics service providers and electronic market places. Since selling G-Log to Oracle, the CEO has continued to work with Pullman & Comley attorneys in his venture capital investments in a variety of transportation-related companies. His new team of experienced transportation software developers plan to build upon Transite’s existing software solutions to become the dominant TMS used by mid-market shippers, third-party logistics providers and carriers