Hogan Lovells is representing Wabash National Corporation (NYSE:WNC), a diversified industrial manufacturer and North America’s leading producer of semi-trailers and liquid transportation systems, in an agreement to acquire Supreme Industries, Inc. (NYSE MKT:STS), a leading manufacturer of truck bodies for a cash tender offer of US$21 a share. This is equal to an equity value of US$364 million and an enterprise value of US$342 million.

Under the terms of the agreement and plan of merger, Wabash has formed an acquisition subsidiary, Redhawk Acquisition Corporation that will commence a tender offer to purchase all outstanding shares of Supreme for US$21 per share. The closing of the acquisition is expected to occur no later than the fourth quarter of 2017, subject to regulatory approvals and customary closing conditions.

Corporate partners Michael Silver and William Intner led the transaction team along with senior associate Jessica Bisignano. The team also included Employee Benefits and Executive Compensation practice co-chair Martha Steinman and senior associate Michael Applebaum; partner Leigh Oliver and senior associate Lauren Battaglia, on antitrust matters; Gordon Wilson and senior associate Nathan Moore on financing; co-chair of the Global Energy practice Scott Reisch; and associate Emily Zhao.

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