18 August 2015
- Benjamin Sibbett, Philip Wagman, Howard Adler, Matthew Warner, Marissa Marco, Christine Kim
- New York, Paris, Washington D.C.
Clifford Chance advising Geodis on purchase of Ozburn-Hessey Logistics
Clifford Chance is advising Geodis SA on its acquisition of Ozburn-Hessey Logistics from private equity firm Welsh, Carson, Anderson & Stowe. Geodis has entered into an agreement to acquire OHL for an undisclosed amount.
Geodis — the fourth largest supply chain operator in Europe and the 13th largest world-wide — will significantly enhance its US freight forwarding and contract logistics offering with the acquisition. Tennessee-based OHL employs over 8,000 transportation and fulfilment professionals in the United States and specializes in the sectors of apparel, electronics, healthcare, food and beverage, and consumer packaged goods. OHL reported revenue of $1.31 billion in revenue last year.
The cross-border Clifford Chance team advising Geodis on this strategic acquisition is led out of New York by corporate partner Benjamin Sibbett and associates Matthew Warner and Marissa Marco. Partner Philip Wagman is handling the tax aspects of the deal and partner Howard Adler is advising on ERISA concerns.