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On May 22, 2023, Kramer Levin client Global Industrial Company (NYSE:GIC) announced that it has acquired 100% of the issued and outstanding equity interests of Indoff for approximately $69.2 million in cash. Global Industrial Company is a value-added national distributor of industrial products and MRO supplies. Indoff is a value-added business solutions provider and distributor serving businesses across the U.S. and parts of Canada.
Key contacts
Todd E. Lenson
Partner, Head of Equity Capital Markets and Public Companies, US, New York
Jordan M. Rosenbaum
Partner, Head of Equity Capital Markets and Public Companies, US, New York
Marissa J. Holob
Partner, Head of Executive Compensation and Employee Benefits, US, New York
Abraham (Avi) Reshtick
Partner, New York