A Gunster team led by attorneys Joseph Chase, Rich Heinle and Gabriella Ledbetter recently represented the sellers in connection with the sale of Pirtek USA to Princeton Equity Group. Other members of the Gunster team, including attorneys Matt Scheer, Paul Hines, Freddie Brackin, Debbie Madden, Stephanie Quiñones, Holly Goodman and Jason Martell, also assisted with this transaction. Princeton Equity Group was represented by Akin Gump.
Founded in 1998, Pirtek is a trusted B2B industrial service franchisor with 145 locations and approximately 400 mobile units serving more than 35,000 customers across the United States and Canada. Pirtek provides on-demand, 24/365 services to repair and replace mission-critical hydraulic hoses in stationary and mobile equipment. Pirtek also supplies the hoses, fittings and other products used by its franchisees in providing these services.
Princeton Equity Group is a private equity firm that focuses on the franchisor and multi-unit industry.
This strategic partnership helps position Pirtek for continued success while amplifying its North American footprint.
Joseph Chase serves as head of Gunster’s Mergers and Acquisitions sub-practice. He is dedicated to serving as a trusted advisor to business owners, private equity firms, companies in a wide range of industries, and other clients. He represents clients in connection with sales and purchases of businesses and general business and corporate matters. n addition to representing business owners and their companies, Joe also represents private equity firms in connection with purchase and sale transactions and myriad other legal needs.
Rich Heinle is a shareholder who has spent more than three decades advising business clients on all aspects of corporate law. Rich has prepared and negotiated employment agreements, non-disclosure restrictions, stock option plans, distributor and supplier agreements, real estate and equipment leases, as well as management and other agreements fundamental to business operations.
Gabriella Ledbetter is an attorney who provides corporate legal counsel to business organizations across a wide range of industries on a variety of transactional matters. Gabriella routinely advises clients on corporate entity structuring and restructuring, employment, confidentiality, and non-competition agreements, and business agreements with customers, contractors, vendors, affiliates, and partners.