Patrick J.Leddy (Pat)

Partner

Cleveland + 1.216.586.7290

Pat Leddy has helped companies successfully complete acquisitions, divestitures, and joint ventures for more than 25 years while earning BTI Client Service All-Star and MVP recognitions. He has substantial experience in multijurisdictional, cross-border, and international transactions, advising on transactions around the world, including Europe, Asia-Pacific, and the Middle East. Pat has been the lead outside M&A lawyer for a number of clients for years, creating a deep understanding of their business, strategic goals, risk tolerances, and deal practices. He also has substantial experience in advising and resolving complex contractual disputes, particularly in the aerospace industry, and post-closing transaction disputes.

Pat's recent representative matters include advising: Parker Hannifin on its £6.3 billion acquisition of Meggitt and its $1.725 billion acquisition of Exotic Metals Forming Company; Ferro on the $460 million sale of its global Tile Coatings Business; Sotera Health/Nelson Labs on its acquisitions of BioScience Laboratories and Iotron Industries; RPM International on its acquisition of a number of construction material distributors in Puerto Rico, Panama, and the Dominican Republic; and Toyota Tsusho and Sapporo Holdings on the sale of Country Pure Foods.

Pat is a frequent speaker on a variety of M&A matters, including representation and warranty insurance, contractual disputes, and international M&A and joint ventures. He is also an active member of the American Bar Association's Negotiated Acquisition Committee.

Expérience

  • Parker Hannifin sells North America Composites & Fuel Containment Division to SK Capital PartnersJones Day advised Parker Hannifin Corporation in the sale of its North America Composites and Fuel Containment (CFC) Division to private investment firm SK Capital Partners.
  • ITT completes divestiture of Wolverine Advanced MaterialsJones Day advised ITT, Inc. in the $171 million sale of its Wolverine Advanced Materials business to private equity firm Center Rock Capital Partners.
  • Parker Hannifin sells Human Motion and Control Business Unit to Ekso Bionics Holdings, Inc.Jones Day represented Parker Hannifin Corporation in the sale of its Human Motion and Control Business Unit to Ekso Bionics Holdings, Inc. for an aggregate purchase price of $10 million.
  • Parker Hannifin divests its Aircraft Wheel and Brake divisionJones Day advised Parker Hannifin Corporation (NYSE: PH, “Parker”), the global leader in motion and control technologies, in the divestiture of its Aircraft Wheel and Brake Division, located in Avon, Ohio, to Kaman Corporation (NYSE: KAMN) for $440 million.
  • Parker Hannifin's recommended all cash acquisition of Meggitt PLCJones Day acted as counsel to Parker Hannifin Corporation in the £6.3 billion acquisition of Meggitt plc, a leading international company headquartered in Coventry, United Kingdom, specializing in high performance components and subsystems for the aerospace, defense and selected energy markets.
  • Sotera Health acquires Regulatory Compliance AssociatesJones Day advised Sotera Health in the acquisition of Wisconsin-based Regulatory Compliance Associates, Inc.
  • Nelson Labs acquires BioScience Laboratories, LLCJones Day advised Sotera Health's Nelson Labs business in its acquisition of BioScience Laboratories, LLC, a provider of outsourced topical antimicrobial product testing in the consumer, pharmaceutical, and medical device industries.
  • Ferro Corporation sells its global Tile Coatings Business to Lone Star Funds for $460 millionJones Day advised Ferro Corporation, a leading global supplier of technology-based performance materials, in the sale of its global Tile Coatings Business to Pigments Spain, S.L., a portfolio company of Lone Star Funds, for $460 million in cash, with potential earnout payments of up to $32 million in cash based on the performance of the business pre-closing, subject to customary adjustments.
  • Sotera Health acquires Canadian-based Iotron IndustriesJones Day advised Sotera Health in the acquisition of Canadian-based Iotron Industries, a global leader in electron-based sterilization and materials modifications.
  • Toyota Tsusho sold shares in Country Pure Foods, Inc. to BPCP CPF Holdings Inc.Jones Day represented Toyota Tsusho America, Inc. and Sapporo Holdings Limited in the sale of all of the outstanding stock of Country Pure Foods, Inc. to a portfolio company of Blue Point Capital Partners.
  • TriMas sold Lamons business to First Reserve for $135 millionJones Day advised TriMas Company, LLC, a wholly-owned subsidiary of TriMas Corporation, in its $135 million sale of its Lamons business, a provider of industrial sealing and fastener solutions used in mission-critical, high-consequence applications in the petrochemical, petroleum refining, midstream energy transportation, upstream oil and gas, metropolitan water and wastewater management end markets, to First Reserve, a private equity firm focused on energy investing.
  • Directional Aviation Capital sells 50% interest in SIMCOM Holdings, Inc. to CAE Inc.Jones Day advised Directional Aviation Capital (DAC), one of the largest, fastest growing, and most innovative corporate aviation service companies globally, in connection with the $85 million sale of a 50% interest in SIMCOM Holdings, Inc. to CAE Inc.
  • Parker Hannifin acquires Exotic Metals Forming Company LLC for $1.725 billion cashJones Day advised Parker Hannifin Corporation in its $1.725 billion cash acquisition of Exotic Metals Forming Company LLC.
  • RPM International acquires construction material distributors in Puerto Rico, Panama, and Dominican RepublicJones Day advised RPM International, Inc. and its subsidiary The Euclid Chemical Company with the acquisition of construction material distributors in Puerto Rico, Panama, and the Dominican Republic.
  • Ferro acquires Quimicer SAJones Day advised Ferro Corporation in its acquisition of Quimicer S.A.
  • Ferro acquires UWiZ TechnologyJones Day advised Ferro Corporation in its acquisition of 100 percent of the equity interests of UWiZ Technology Co., Ltd.
  • OneSky acquires PrivateFlyJones Day advised OneSky, LLC in its acquisition of United Kingdom-headquartered PrivateFly, a leading global digital booking service for private jet charter flights.
  • Ferro acquires Ernst-Diegel GmbHJones Day advised Ferro Corporation in its acquisition of Ernst-Diegel GmbH.
  • Nelson Labs acquires Gibraltar Laboratories, Inc.Jones Day advised Sotera Health's Nelson Labs business in its acquisition of Gibraltar Laboratories, a leading outsourced provider of microbiology and analytical chemistry testing for pharmaceutical and medical device manufacturers.
  • Ferro acquires PT Ferro Materials UtamaJones Day advised Ferro Corporation in its acquisition of 66 percent of the equity interests of PT Ferro Materials Utama, bringing Ferro’s total ownership to 100 percent.
  • Autres publications

    • April 2011
      Assumption of Liabilities - It Means What We Thought It Meant, Law Journal Newsletter, The Strategist
    • Spring 2005
      Put the 'Fair' in Fairness Opinions, Directors & Boards
    • March 2005
      The Growing Storm Over Fairness Opinions, Mergers & Acquisitions: The Dealmaker's Journal
    • February 2005
      Annual Survey of Judicial Developments Pertaining to Mergers & Acquisitions by ABA Subcommittee on Recent Judicial Developments, Negotiated Acquisitions Committee, The Business Lawyer
    • August 1, 2004
      Annual Survey of Judicial Developments Pertaining to Mergers & Acquisitions by ABA Subcommittee on Recent Judicial Developments, Negotiated Acquisitions, Committee, The Business Lawyer

    • October 2007
      M&A Update, SEC Hot Topics Institute, panelist, Glasser Legal Works/RR Donnelly
    • September 2006
      M&A Update, SEC Hot Topics Institute, panelist, Glasser Legal Works/RR Donnelly
    • September 2005
      Engagement Letters, Fairness Opinion and Fiduciary Duties, KeyBanc Capital Markets Analyst Program
    • May 16, 2003
      Counseling Your Client in the New Environment, Board of Directors Forum, 2003 Institute for Business Lawyers and Corporate Counsel, Cleveland Bar Association