Scheef & Stone Handles $195 Million Acquisition

Scheef & Stone represented Datalogic S.p.A., a public company based in Bologna, Italy (Techstar: DAL.MI), in the acquisition of PSC Inc., an international data-collection technology and services provider headquartered in Eugene, Oregon. The purchase price was approximately $195 million paid in cash and a short-term note. The sellers were a group of shareholders headed by New York private equity firm Littlejohn Partners II, L.P.

“The PSC acquisition was a challenge because both buyer and seller needed the transaction closed within a very short time frame,” said Scheef & Stone partner Bill Stone, who headed the team representing Datalogic. “But with the help of an excellent acquisition team at Datalogic, hard work by the Scheef & Stone attorneys involved in the deal, and seasoned professionals at Morrison Cohen representing the sellers, we were able to get the deal documented, cleared under the Hart-Scott-Rodino Antitrust Improvements Act, and closed in about 60 days.” Also involved in the transaction from Scheef & Stone were David Turner, Kevin Flynn, Roger Crabb, Jeff Mullins and Deneen Warmington.se)