Kirkland & Ellis counseled Allied Industrial Partners LLC (AIP), an industrial-focused middle market private equity firm, on its decision to acquire CAT Entertainment Services, a market leading provider of specialty mobile power generation, power distribution, and temperature control services. The acquisition is a carve-out from Ring Power Corp., one of the largest U.S. Caterpillar dealers, which will retain a minority stake in the business. The company, which will be rebranded as CES Power, will be led by co-founder Greg Landa as CEO, supported by the existing leadership team. Financial terms of the transaction were not disclosed.
The Kirkland team was led by corporate partner Thomas Laughlin and associates Tess Dennis and Parker Collins; investment funds partner Matt Nadworny and associates Linda Dahl and Katherine Chernova; debt finance partners Will Bos and Jordan Roberts and associates Michael Schlinkert and Christina Godard; and tax partner Steve Butler and associates Ryan Phelps and Courtney Loyack.