King & Spalding advised our client, Guarded Distributors (“Guarded”), a portfolio company of Atlas Holdings, a private equity firm (“Atlas”), in connection with the closing of the sale of 100% of the membership interests of its subsidiary, Merchants Metals LLC (“Merchants”) to The Sterling Group (“TSG”).
Merchants, which was originally acquired by Atlas in 2015 in a corporate carveout transaction, is one of the largest manufacturers of fence systems in the nation and is one of only two national distributors of fence systems in the U.S.
Further details of this transaction can be found here.