BCLP Advises Watlow in Sale to Tinicum

BCLP advised Watlow Electric Manufacturing Company in the sale of a controlling interest to Tinicum, L.P. and affiliated funds managed by Tinicum Incorporated.

Watlow, an industry leader in the design and manufacture of complete thermal systems, announced the deal closing March 2. Financial terms were not disclosed, although the Desloge family shareholders and management will continue to have a minority ownership in the nearly 100-year-old company.

Watlow was advised by a BCLP cross-practice deal team led by Partners Jay Nouss and John Welge, and Associates Nick Happe, Jordan Buchheit and Claire Mispagel. Substantial assistance was provided by Partner Stephen Daiker (trusts and estates), Partner Phil Wright (tax) and Partner Joe Robertson (real estate), among others.