Press Release

Kirkland Represents JBT in Agreement to Sell AeroTech Business

Kirkland & Ellis is advising JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, which today announced that it has entered into a definitive agreement to sell its AeroTech business to Oshkosh Corporation (NYSE: OSK) in an all-cash transaction valued at $800 million. The transaction is anticipated to close in the third quarter of 2023, subject to customary closing conditions and required regulatory approvals. 

Read JBT’s press release 
The Kirkland team was led by corporate partners David Klein, Daniel Wolf and Steven Li, along with corporate associates Michael Chung and Chrissy Pak; tax partners Mike Carew and Steven Cantor; executive compensation partners Michael Falk and Jared Whalen; employee benefits partner Robert Zitko; debt finance partner Ashley Gregory; technology and IP transactions partner Joanna Schlingbaum; antitrust and competition partners James Mutchnik and Sally Evans; and capital markets partners Sophia Hudson and Jennifer Lee.