WilmerHale Advises Fortive in $1.2B Acquisition of ServiceChannel

WilmerHale Advises Fortive in $1.2B Acquisition of ServiceChannel

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WilmerHale lawyers have decades of experience advising public and private companies in all aspects of mergers and acquisitions.
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On July 12, 2021, Fortive Corporation announced that it has entered into a definitive agreement to acquire ServiceChannel, a leading global provider of SaaS-based multi-site facilities maintenance service solutions with an integrated service-provider network. Fortive expects ServiceChannel to generate approximately $125 million of revenue in 2021. The purchase price for the acquisition is approximately $1.2 billion and is expected to be funded primarily with available cash. Upon closing, ServiceChannel is expected to be an independent operating company within Fortive’s Intelligent Operating Solutions segment.

The WilmerHale team advising Fortive was led by Stephanie Evans and Eric Hanson, and included Bill Caporizzo, Mike Gilligan, Ashwin Gokhale, Leon Greenfield, Scott Kilgore, Kirk Nahra, Ryan Crane, David Katz, Ben Kelsey, Alex Bernstein, Alvaro Mateo Alonso and Paula Hobson Mercer.

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