McDermott Represents Wellspring Capital Management in its Acquisition of Cadence Petroleum Group

Overview


International law firm McDermott Will & Emery represented Wellspring Capital Management LLC, a private equity firm, in its acquisition of Cadence Petroleum Group, a leading distributor of nationally branded and private label oil and lubricants used in automotive, commercial and industrial applications.

  • This transaction was completed on October 1, 2020.
  • McDermott Will & Emery acted as legal counsel to Wellspring Capital Management.
  • McDermott’s representation included acquisition financing in the form of a senior secured credit facility with Cerberus Business Finance Agency, LLC as the administrative agent and collateral agent for the lenders.

About McDermott


McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices, industries and more than 20 locations to deliver highly effective—and often unexpected—solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

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