Womble Team Counsel Wood in $110 Million Transaction

A Womble Bond Dickinson team guided Wood, a global leader in consulting and engineering, in a $110 million transaction to sell its North American transmission and distribution engineering business to Qualus LLC. The completion of the transaction occurred on October 31. 

The Womble team was led by Houston Partner Francisco Balduzzi together with partner Matt Homan, associates Anna Gomez and Shelby Martin, and partners Phyllis Guillory, and Patrick Allen.  Miles Pittman, Arba Radaj and Jennifer Hanna at Borden Ladner Gervais LLP’s Calgary office acted as Canadian local Counsel for Wood. The Wood inhouse team included Catalina Nino Managing Counsel, Sarah MacRury, Senior Vice President for Operations and Corporate Transactions, Gordon Doherty Vice President-Corporate Development (M&A). John Barry, Mansa Singh, and Shaamil Chande from E&Y acted as investment bank for Wood. 

The transaction follows a highly competitive auction process. Wood has continued to evaluate its portfolio of businesses to identify those which are non-core to the Company’s strategy and growth priorities.