Press Release

McGuireWoods M&A Team Closes SPX Corporation’s $189 Million Acquisition of CUES

June 13, 2018

McGuireWoods represented SPX Corporation, a supplier of highly engineered products and technologies, in its $189 million acquisition of CUES Inc., a leading manufacturer of pipeline inspection and rehabilitation equipment.

As a result of the deal, which closed June 7, CUES became an indirect wholly-owned subsidiary of SPX.

David Whelpley, who chairs the firm’s M&A, Energy & Private Equity Transactions Department, and Robert Crawford led McGuireWoods’ legal team, joined by M&A lawyers Sarah Bosse, Ellison Johnstone and Janet Peyton; antitrust lawyer Brent Justus; and securities and shareholder compliance lawyers Elizabeth Wren and Barlow Mann.

“This deal significantly enhances SPX’s position as a leader in the detection and measurement market. We are honored that SPX chose McGuireWoods to assist the SPX team with this acquisition,” Whelpley said.

Mergers & Acquisitions magazine recently named McGuireWoods “Law Firm of the Year” in its Mid-Market M&A Awards, honoring the firm for the growth of its deal work and for innovative, client-focused private equity initiatives. McGuireWoods ranked among the top five law firms for global and U.S. M&A in the first quarter of 2018 in authoritative league tables published by Thomson Reuters and Bloomberg.

CONTACTS

Bob Lewis Senior Manager, Media Relations T: +1 804 775 7883
Leslie A. Valenza Manager, Media Relations T: +1 804 775 7536
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