Thomaston, Connecticut - May 2015
Martin LLP is pleased to announce that its client, Ward Leonard, a global industrial technology company that develops highly engineered, integrated motor and control solutions, has announced that it has acquired Houma Armature Works, a maintenance, repair and overhaul (MRO) company specializing in motor and generator systems. Martin LLP served as Ward Leonard's legal counsel in connection with the acquisition and related financing.
Houma Armature Works' comprehensive technical capabilities, 24/7 field service, test facilities and deep experience with marine solutions will broaden Ward Leonard's best-in-class offerings in the Energy, Heavy Industry and Government markets. Combined, the companies will have over 250 employees.
"Achieving greater efficiencies and productivity is the goal of all our customers and the infrastructure industries we serve," said Jon Carter, CEO of Ward Leonard. "By providing comprehensive, single source lifecycle motor, generator and service solutions, we will now be able to focus our resources on building cohesive programs that drive down their overall costs, and increase uptime. The combined strength of our people, technology, and solutions approach to overcoming complex challenges will enable us to set new benchmarks for performance."
Christopher Martin, Managing Partner of Martin LLP, explained, "We began working with Ward Leonard almost three years ago in connection with its plan to diversify its business from sales into recurring services and expand its scope of industries serviced. Execution of this plan has put the company in a great position for future growth in value."