Pryor Cashman client Terex Corporation (NYSE: TEX), a global manufacturer of materials processing machinery and aerial work platforms, has entered into a deal to acquire Environmental Solutions Group (ESG) from Dover Corporation (NYSE: DOV) in a $2 billion transaction.

ESG is comprised of several leading brands in the solid waste industry. The transaction is expected to close in the second half of 2024, subject to regulatory approvals and customary closing conditions.

In a statement about the deal, Terex President and CEO Simon Meester said, “This acquisition announcement of ESG marks an incredibly exciting milestone in our multi-year transformation and aligns with our goal of strengthening our portfolio and leveraging our operating system to drive sustainable, accelerated long-term growth.”

The Pryor Cashman team is led by Partner David Fisher and Associate Brian Dunlay, with invaluable assistance from colleagues across the firm.

Learn more about the deal using the link below.