MIAMI (December 28, 2010) — McDermott represented Ryder System, Inc. (NYSE: R) in connection with the signing of a definitive agreement by its affiliate to acquire the full service lease, contract maintenance, commercial rental and dedicated contract carriage businesses of The Scully Companies, Inc., a leading provider of full service truck leasing, short-term rental of commercial vehicles and maintenance services throughout the western United States. Ryder System, Inc. is a FORTUNE® 500 provider of leading-edge transportation, logistics and supply chain management solutions.
Ira Coleman, lead partner representing Ryder System, Inc., commented, "We are happy to partner with Ryder as they continue to execute on their strategic acquisition plan. Their team is smart, seasoned and second to none."
The acquisition, which is expected to be finalized in late January, is subject to customary closing conditions. The McDermott acquisition team spanned a wide range of practice groups and included partners Ira Coleman (M&A), Jackie Hodes (Corporate), Daniel Zucker (U.S. & International Tax), Ira Mirsky (Employee Benefits), Heather Egan Sussman (Employee Benefits), Daphne Trotter (Safety Health & Environment) with assistance from associates Dana Newman (Corporate) and Michelle Soohi Lee (Corporate).
McDermott’s Mergers & Acquisitions Practice Group represents a wide spectrum of publicly and privately held businesses, from Global 50 companies to venture backed start-ups, as well as private equity funds and investment banks. As a globally integrated team, our lawyers manage complex transactions with components in multiple jurisdictions throughout the world. The Firm currently represents more than 70 percent of the Fortune 100, and 30 percent of the Forbes 100 Largest Private Companies. McDermott Will & Emery was recognized by Chambers USA 2010 as a leading firm in 56 practice areas, including Mergers and Acquisitions.
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,000 lawyers, the Firm has offices in Boston, Brussels, Chicago, Düsseldorf, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Rome, San Diego, Silicon Valley and Washington, D.C., and a close strategic alliance with MWE China Law Offices in Shanghai.