May 22, 2023
McGuireWoods represented private investment firm Summit Park and its portfolio company Parkline in the company’s sale to Trachte, a portfolio company of Palladium Equity Partners.
Parkline manufactures metal buildings for industrial and commercial applications, with more than 70,000 structures in service throughout the United States and Canada. The transaction marks Summit Park’s third exit from its first fund, Summit Park I-A. McGuireWoods advised Summit Park on its acquisition of Parkline in 2012.
Charlotte partner H. Ramsey White III and associate Timothy Malloy led the McGuireWoods team, while lawyers from multiple firm practices and offices advised on the deal’s tax, labor and employment, and intellectual property issues.
“We were proud to work with Summit Park throughout its ownership of Parkline and to assist in a transaction that achieves our client’s business objectives,” said White, a partner in the firm’s Corporate & Private Equity Department.
McGuireWoods ranked among the leading law firms for U.S. M&A deals in 2022. Its private equity capabilities have earned nationwide recognition from Chambers USA and The Legal 500. The firm also was a finalist in six deal categories for the 2022 M&A Advisor Awards, which recognized top corporate transactions and the firms involved in closing them.