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Successful cooperation between GCG and GGI Members: Stillwater Capital and Pallett Valo advise Accelerated Systems, Inc. in its sale to Briggs and Stratton, Corp.

In July 2021, a closed sell-side transaction of Accelerated Systems, Inc., to Briggs and Stratton, Corp., was announced, with GCG member firm Stillwater Capital Corporation and GGI member firm Pallett Valo LLP, acting as critical advisors to the seller.

Jordan Nix, Executive Vice President of Stillwater Capital, and Matt Kindree, Partner and Head of the Business Law Practice at Pallett Valo, first connected when Pallett Valo joined GGI. Their proximity in the Greater Toronto Area created the possibility of a strong partnership between the two firms, which was further strengthened during the GGI Pan-American Regional Conference in Houston in 2019.

After receiving an LOI, the Stillwater team sensed that a highly experienced M&A lawyer would be required to advise on this complicated transaction. Stillwater suggested that the client review several legal firms and on a confidential basis, performed an initial screening with several firms on the client’s behalf to gauge capability, capacity, and interest. As a result of Stillwater's outreach, three firms were recommended to the client for interviews. After speaking with Pallett Valo, the client immediately made the decision that it was the firm to work with and no further interviews were needed. This was the first transaction Stillwater and Pallett Valo worked on together.

"Pallett Valo was an excellent partner in the transaction. The transaction was complex which required Matt and his team to be on their game, and he was fabulous at getting the job done in a way that worked for everyone. He was highly pragmatic, had sound judgment, and was outstanding with the client. We would recommend Pallett Valo as a law firm moving forward. It was a great experience," said Mr Nix. “It was a pleasure working with Stillwater. Jordan and his team remained engaged from the negotiation of the letter of intent through to closing of the transaction,” said Mr Kindree. “They were outstanding advocates for the client and were instrumental in navigating several complex issues to ensure a successful outcome. We have since had the opportunity to refer other prospective clients to Stillwater and look forward to working with them again in the future.” “Stillwater values the exceptional quality of work that GGI members provide and will continue to recommend GGI firms to support client transactions,” said Mr Nix.

Job done in a way that worked for everyone. He was highly pragmatic, had sound judgment, and was outstanding with the client. We would recommend Pallett Valo as a law firm moving forward. It was a great experience," said Mr Nix. “It was a pleasure working with Stillwater. Jordan and his team remained engaged from the negotiation of the letter of intent through to closing of the transaction,” said Mr Kindree. “They were outstanding advocates for the client and were instrumental in navigating several complex issues to ensure a successful outcome. We have since had the opportunity to refer other prospective clients to Stillwater and look forward to working with them again in the future.”

“Stillwater values the exceptional quality of work that GGI members provide and will continue to recommend GGI firms to support client transactions,” said Mr Nix.

30 September 2021

Jordan Nix

Stillwater Capital, Executive Vice President

Stillwater Capital

Matthew Kindree

Pallett Valo LLP, Partner | Head of Business Law Practice

Pallett Valo LLP