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Davis Polk Advise Banks On Quality Distribution's Secondary Common Stock Offering

21 Aug 2013

Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co. and J.P. Morgan Securities LLC as the joint book-running managers in connection with an SEC-registered secondary offering of 4,696,715 shares of common stock of Quality Distribution, Inc., of which 4,611,194 shares were sold by certain affiliates of Apollo Management, L.P. and 85,521 shares were sold by MidOcean Capital Investors, L.P., including 426,974 shares from the underwriters’ exercise in full of their option to purchase additional shares.

Headquartered in Tampa, Florida, Quality Distribution operates the largest chemical bulk tank truck network in North America and is the largest provider of intermodal ISO tank container and depot services in North America. Its common stock is listed on the NASDAQ Global Market under the symbol “QLTY.”

The Davis Polk corporate team included partner John G. Crowley and associates Derek Dostal and Jeffrey Brenner. Partner Michael Farber and law clerk Joseph Pahl provided tax advice. Counsel Betty M. Huber and associate Amy E. Turner provided environmental advice. Rosemarie Melendez was the legal assistant for the transaction. All members of the Davis Polk team are based in the New York office.

Matter Type
Banking & Finance - Capital Markets: Equity
Industry
Finance & Banking
News Category
Banking & Finance