Three Big Law Firms Guide Terex in $2 Billion Dover Purchase

Lawyers from Fried Frank and Pryor Cashman guided Terex in its $2 billion deal to acquire Dover Corp.'s environmental solutions business.

Skadden, Arps, Slate, Meagher & Flom steered Dover in the deal, announced Monday. The transaction is expected to close before the end of this year, subject to regulatory and other approvals.

Terex, a manufacturer of lifting and material processing products, will form a new segment to integrate Dover’s garbage truck manufacturing business with its existing utilities operations.

The Fried Frank team was led by partners Philip Richter, who is co-head of the firm’s M&A practice, and Max Yim. Pryor Cashman’s team was led by partner David Fisher.

Fisher has previously advised Terex in several transactions, including the sale of its German compact construction business to Yanmar Holdings Co., Ltd. for $60 million. He also represented the company in the sale of its mining business to Bucyrus International Inc. for $1.3 billion and the sale of its truck business to Volvo Construction Equipment AB for $160 million.

The Skadden team includes New York M&A partners Brandon Van Dyke and Dohyun Kim.