Queen Saenz + Schutz PLLC represented North Carolina-based Precision Hydraulic Cylinders (PHC) in its sale to Leggett & Platt (NYSE: LEG) for $85 million. The transaction closed on January 31, 2018. QS+S partners Thomas Queen and Andrea Schutz also represented PHC’s owner, Austin-based private equity firm Owner Resource Group, LLC (ORG), in ORG’s acquisition of PHC from BB&T Capital Partners in May 2014.
With manufacturing facilities in North Carolina, the United Kingdom, and India, PHC produces highly engineered, custom hydraulic cylinders for blue-chip OEM customers around the world. More information on PHC and the transaction may be found here.