Sherman & Howard Represents ARCADIS in Merger with Malcolm Pirnie
Denver, Colo. - July 23, 2009 - ARCADIS (EURONEXT: ARCAD), the international consultancy, design, engineering and management services company, has completed its merger with Malcolm Pirnie, a White Plains, New York-based company predominantly active in water and environmental consulting and engineering. At closing on July 9, 2009, Malcolm Pirnie became a wholly owned subsidiary of ARCADIS U.S.
Sherman & Howard represented ARCADIS in this merger, which ARCADIS financed by issuing 5.74 million shares to present Malcolm Pirnie shareholders and key employees, in addition to a cash amount of $135 million, for which ARCADIS secured a new debt facility from Rabobank, ING and RBS. Sherman & Howard's Karen Chapman led a team of Sherman & Howard attorneys to represent ARCADIS in this transaction. Other Sherman & Howard attorneys involved included Jeff Kesselman, Scott Dill, Joe Davis, Maxi Lyons, Mike Dubetz, Kathy Odle, Aubyn Krulish, Mike Borchlewicz, Cyndi Stovall, Victoria Chenault, Niccole Brennan, Paulina Proper, Jon Lien, Taylor Dix and Jake Spratt.
ARCADIS is an international company providing consultancy, design, engineering and management services in infrastructure, environment and buildings, to enhance mobility, sustainability and quality of life. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 13,500 employees and over €1.7 billion in gross revenues, the company has an extensive international network that is supported by strong local market positions. Visit ARCADIS on the internet: www.arcadis-global.com.
About Malcolm Pirnie
Malcolm Pirnie Inc., a century-old environmental consulting firm, provides governmental and industrial clients with comprehensive services in water and wastewater engineering, solid and hazardous waste management, environmental sciences and, through its Red Oak Consulting Division, a wide range of management and IT consulting services. With a diversified staff of over 1,700 engineers, scientists and consultants in 60+ offices, Pirnie has won over 200 professional awards for project excellence. For more information, visit www.pirnie.com.
About Sherman & Howard
Sherman & Howard L.L.C., established in 1892, is the oldest law firm in Denver. The Firm assists its clients in most aspects of law affecting businesses and public institutions. Sherman & Howard's more than 190 attorneys currently practice law from offices in Denver, Colorado Springs, Steamboat Springs and Vail, Colorado; Phoenix and Scottsdale, Arizona; Reno and Las Vegas, Nevada; and St. Louis, Missouri.