Latham & Watkins Advises Fibrebond Corporation in Acquisition by Eaton

Intelligent power management company Eaton (NYSE:ETN) has announced it has signed an agreement to acquire Fibrebond Corporation, a designer and builder of pre-integrated modular power enclosures for data center, industrial, utility, and communications customers. Under the terms of the agreement, Eaton will pay US$1.4 billion for the acquisition of Fibrebond, which is expected to generate US$110 million of estimated 2025 adjusted EBITDA.

Latham & Watkins LLP represents Fibrebond in the acquisition with a corporate deal team led by New York partner Caroline Phillips and counsel Jessica Pisani, with associates Jesse Lake, Jon Wakelin, and Tess Cobrinik. Advice was also provided on tax matters by New York partner Matthew Dewitz, with Boston associate Tessa Young; on executive compensation and benefits matters by New York partner Bradd Williamson, with associates Robin Hellebrekers and Helen Zhang; on labor and employment matters by New York counsel Sandra Benjamin, with Boston associate Jocelyn Wexler; on antitrust matters by Washington, D.C. partners Jason Cruise and Patrick English, with associate Julia Whitehead; on real estate matters by San Diego partner Robert Frances and counsel Aaron Friberg, with associate David Rao; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Nolan Fargo; on intellectual property matters by New York counsel Carrie Girgenti; on data privacy matters by Houston/Austin partner Robert Brown II, with associate Sarah Zahedi; on sanctions matters by Washington, D.C. partner Andrew Galdes; on FCPA/anti-bribery matters by Washington, D.C. partner Kevin Chambers; on CFIUS/trade controls matters by Washington, D.C. partner Damara Chambers and counsel Catherine Hein, with associate Elliot Hecht; on government contracts matters by Washington, D.C. partner Kyle Jefcoat, with associate Genevieve Hoffman; on insurance matters by New York partners Kirsten Gaeta and Gary Boss, and counsel Alexander Traum; on finance matters by New York partner Stephanie Teicher; and on funds matters by Chicago partner Laura Ferrell and New York partner Andrea Schwartzman.