Nucor’s $3 Billion Acquisition of C.H.I. Overhead Doors

Kirkland & Ellis advised KKR and its portfolio company, C.H.I. Overhead Doors (C.H.I.) on the deal.

KKR agreed to sell C.H.I. to Nucor Corporation in a transaction valued at $3.0 billion. The sale will represent one of KKR’s largest returns in recent history, at 10 times the original equity invested, inclusive of distributions. All C.H.I. employees will receive a substantial cash payout on their equity in the company.

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities.

Nucor Corporation is the safest, highest quality, lowest cost, most productive and most profitable steel and steel products company in the world. C.H.I. Overhead Doors manufactures high-quality residential garage doors, commercial doors, and rolling steel doors.

The Kirkland team was led by corporate partners Jennifer Perkins (Picture) and Lukas Richards and associates Alex Gallogly and Eve Salomon and tax partners Ben Schreiner and Adam Kool.

Involved fees earner: Alexandra Gallogly – Kirkland & Ellis; Adam Kool – Kirkland & Ellis; Jennifer Perkins – Kirkland & Ellis; Lukas David Richards – Kirkland & Ellis; Eve Salomon – Kirkland & Ellis; Benjamin Schreiner – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: C.H.I. Overhead Doors; KKR;