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K&L Gates Advises The Goldfield Corporation on Merger with First Reserve

1 December 2020

New York - Global law firm K&L Gates LLP has advised The Goldfield Corporation (NYSE: GV) on its definitive merger agreement with First Reserve, through which a First Reserve affiliate will acquire all outstanding shares of Goldfield for a total enterprise value of approximately $194 million.

Goldfield is a leading provider of electrical transmission and distribution maintenance services engaged in the construction of electrical infrastructure for the utility industry and industrial customers, primarily in the Southeast, mid-Atlantic and Texas-Southwest regions of the United States.

The cross-practice, cross-office deal team advising Goldfield was led by capital markets partner Robert Matlin and included tax partner Adam Tejeda; antitrust partner Allen Bachman; M&A partner Lisa Stark; executive compensation partner Ali Nardali; employee benefits partner Rikki Sapolich-Krol; corporate partner Jon Barron; labor, employment and workplace safety partner April Boyer; IP procurement partner Matt Dicke; and complex commercial litigation partner Jon Morton; with assistance from antitrust counsel Ken Knox and associates Phil Lee, Russell Deutsch, Harsha Garikapati, and Adam Kaplan. The team included lawyers from the firm’s New York, Wilmington, San Francisco, Miami, Chicago, and Washington, D.C., offices. 

“We are very excited about the opportunity to represent Goldfield in this matter and believe it is a great result for its shareholders and stakeholders,” said Matlin.

The transaction is expected to close in early 2021, subject to certain customary closing conditions and regulatory approvals in the United States.

K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.

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