Lewis Silkin has advised Harbour Group on its acquisition of Media Recovery
03 January 2020
Lewis Silkin has advised Harbour Group on its acquisition of Media Recovery, Inc. (trading as SpotSee), a provider of supply chain and transportation monitoring solutions.
SpotSee develops and manufactures shock, vibration, temperature, and other environmental-condition monitoring solutions for in-transit, in-plant, and in-storage applications. The company offers a broad portfolio of branded products including indicator devices, RFID, Bluetooth, satellite, and cellular connected devices that provide real-time tracking, monitoring, and reporting capabilities. The company is headquartered in Dallas, Texas, with operations in the Netherlands, the United Kingdom, Shanghai, Mexico City, Chihuahua and Graham, Texas.
Harbour Group is a privately-owned enterprise based in Missouri, USA. Since its founding in 1976, the group has acquired 46 platform companies and completed 164 complementary acquisitions in 46 different industries. Harbour Group and its operating companies are engaged in the manufacture and distribution of a wide variety of consumer and industrial products.
Lewis Silkin was instructed to work alongside Harbour Group’s US lawyers, Blank Rome, and assisted with the UK aspects of the transaction including UK legal due diligence and the UK aspects of the sale and purchase documentation. The Lewis Silkin team was led by corporate partner Paul Rajput, alongside corporate managing associate, Barnaby Stokes, and corporate associate, Jack Baldwin. Employment and commercial assistance was provided by employment associate, Tom McEvoy, and commercial associate, Lauren Stone.
Commenting on the deal, Paul Rajput said:
“We are delighted to have advised Harbour Group again on another acquisition. This is an exciting acquisition for both Harbour Group and SpotSee, and we’re looking forward to seeing what the future holds. Our team’s experience across several departments helped ensure this transaction completed smoothly.”