DLA Piper advises Stellex Capital Management in its US$352 million sale of Morbark LLC

DLA Piper represented Stellex Capital Management, a middle-market private equity firm with offices in New York and London, in its US$352 million sale of Morbank LLC, a leading manufacturer of high-performance equipment and aftermarket parts for forestry, tree maintenance, biomass, land management and recycling markets, to Alamo Group Inc.

Morbark's family of companies manufacture highly engineered, mobile equipment and aftermarket parts used for clearing, grinding/chipping and converting trees, wood and related organic waste in maintenance and recycling applications.

The DLA Piper team was led by partner Gerry Williams (Atlanta) and included partners Frank Mugabi, Paolo Morante (both of New York), Darius Gambino (Philadelphia) and Julia Kovacs (Washington, DC); of counsel Catherine Campbell (Washington, DC); attorney Angela Vadala (Atlanta); and associates Forrest Neal (Atlanta), Witold Jurewicz (New York) and Priya Narahari (Philadelphia).