Ropes & Gray Advises Cadre Holdings on Definitive Agreement to Acquire Multiple Leading Nuclear Brands

Ropes & Gray has advised Cadre Holdings, Inc (“Cadre”), a global leader in the manufacturing and distribution of safety equipment and other related products for the law enforcement, first responder, military and nuclear markets, on a definitive agreement to acquire Carr’s Engineering Limited (excluding Chirton Engineering) and Carr's Engineering (US), Inc. (together the “Engineering Division”), each a subsidiary of Carr’s Group plc, for an enterprise value of £75 million payable in cash at completion.

The Engineering Division is comprised of industry-leading brands including Wälischmiller GmbH, CarrsMSM, Bendalls Engineering, NW Total Engineered Solutions, and NuVision Engineering, Inc. With sites in the United Kingdom, Germany and the United States, it designs, manufactures and services equipment, vessels, precision components and remote handling systems for nuclear end-markets. The brands within the Engineering Division are highly complementary to Cadre’s nuclear safety business and, upon closing, will both expand its presence in international markets and provide entry into new product categories within the nuclear market segment.

The transaction is anticipated to close in the first half of 2025, subject to the satisfaction of customary closing conditions.

The Ropes & Gray team was led by private equity M&A partner John Newton and senior associate Phoebe Glenister-So supported by associate Victoria Wilson and trainee Oscar Burman. Additional support was provided by tax partner Andrew Howard and associates Tim Waters and Matt Parsons, antitrust partner Lisa Kaltenbrunner and associate Mez Azizi, real estate partner Will Bryant, litigation counsel Steven Kaye and senior attorney Heather Sprague, private equity transactions partner Carl Marcellino, intellectual property transactions partner Jordan Altman, life sciences licensing associates Megan Lin Fernandez and Yam Schaal, and corporate associate Carina Brown.

Ropes & Gray worked with Noerr and Burges Salmon on German and certain UK aspects of the transaction respectively.