JMBM REPRESENTS WEB SERVICE COMPANY
IN SALE TO CODE HENNESSY & SIMMONS
Jeffer Mangels Butler & Marmaro LLP (JMBM), one of California’s foremost full-service law firms, served as lead transaction counsel for Web Service Company, LLC and its majority owner in its sale to Code Hennessy & Simmons LLC (CHS). The transaction closed on August 29, 2008.
About Web Service Co. LLC
Web Service Company, headquartered in Redondo Beach, California, is the leading provider of route laundry services in the Western United States. Web offers its services to over 40,000 laundry rooms in the states of California, Nevada and Hawaii. The Company provides its clients with a turnkey common-area laundry room solution, offering installation, service & maintenance and coin collection. The Company’s customers are multi-family housing properties such as apartment complexes, condominiums, college and university residence halls, hotels and military bases.
About Code Hennessy & Simmons
Founded in 1988, Code Hennessy & Simmons is a Chicago-based private equity firm specializing in private equity investments and recapitalizations of middle market companies in partnership with management. CHS targets well-managed companies focused on growth with enterprise values between $100 million and $1.0 billion.
About JMBM’s Mergers & Acquisitions Practice
JMBM represents buyers and sellers in a wide variety of mergers, acquisitions and divestitures. Our lawyers provide start-to-finish assistance with the structuring, negotiation, documentation and closing of the deal, using the firm’s full resources for everything from due diligence to tax-efficient deal structures. We provide multi-disciplinary advice to handle all aspects of a transaction—from financing, antitrust and other regulatory approvals to structuring of employee benefits in the acquired entity. Clients get all the help they need to negotiate and prepare letters of intent, conduct due diligence investigations, structure financing arrangements and form special-purpose entities for completing the transaction. Whether the buyer is a strategic acquirer or a financial sponsor, and whether the seller is a first-transaction entrepreneur or a deal-sophisticated serial business owner, we bring the necessary expertise to the table and get the deal done.