RBC Bearings’ $2.9 Billion Acquisition of ABB’s DODGE Mechanical Power Transmission Business

RBC Bearings' $2.9 Billion Acquisition of ABB's DODGE Mechanical Power Transmission Business

Goodwin Procter advised RBC Bearings Incorporated on the deal, while Kirkland & Ellis advised ABB.

RBC Bearings Incorporated (Nasdaq: ROLL) announced its definitive agreement to acquire the DODGE mechanical power transmission division of ABB Ltd for $2.9 billion in cash, subject to customary purchase price adjustments.

RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings and components.

DODGE is a leading manufacturer of mounted bearings and mechanical products with market-leading brand recognition. DODGE manufactures a complete line of mounted bearings, enclosed gearing and power transmission components across a diverse set of industrial end markets.

The Goodwin team was led by Joshua Zachariah (Picture), Jean Lee and James Ding and included Pablo Hernandez Romero, Thomas Jackson, Jacob Osborn, Amy Josselyn, Nathan Brodeau, Jacqueline Klosek, Andrew Lacy, Simone Waterbury, Brady Cummins, Steven Clemens, Christina Bouchot, Lynda Galligan, Andy Barton, Rahat Tariq, Emilie Pfister, James Riley, JB Schiller, Ayn Su Woodward, Andrew Sucoff and Edward Faison, with invaluable assistance from Nancy Pino, Savannah Dowling, David Gallop, Nicole Osunsanmi and Robert Brownlie.

Kirkland & Ellis advised ABB with a team led by corporate partners Michael Brueck, Francisco Morales and Daniel Wolf and associate Aidan Murphy.

Involved fees earner: Andy Barton – Goodwin Procter; Nathan Brodeur – Goodwin Procter; Steven Clemens – Goodwin Procter; Brady Cummins – Goodwin Procter; James Ding – Goodwin Procter; Lynda Galligan – Goodwin Procter; Pablo Hernandez Romero – Goodwin Procter; Thomas Jackson – Goodwin Procter; Amy Josselyn – Goodwin Procter; Jacqueline Klosek – Goodwin Procter; Andrew Lacy – Goodwin Procter; Jean Lee – Goodwin Procter; Jacob Osborn – Goodwin Procter; Christina Queiros Bouchot – Goodwin Procter; James Riley – Goodwin Procter; JB Schiller – Goodwin Procter; Ayn Su Woodward – Goodwin Procter; Andrew Sucoff – Goodwin Procter; Simone Waterbury – Goodwin Procter; Joshua Zachariah – Goodwin Procter; Michael Brueck – Kirkland & Ellis; Francisco Morales Barron – Kirkland & Ellis; Aidan Murphy – Kirkland & Ellis; Daniel Wolf – Kirkland & Ellis;

Law Firms: Goodwin Procter; Kirkland & Ellis;

Clients: ABB; RBC Bearings Incorporated;

Martina Bellini

Author: Martina Bellini