Ervin Cohen & Jessup Guides Merger of Two Leading Water Brands Primo Water Corporation to acquire all outstanding shares of Glacier Water Services
LOS ANGELES – OCTOBER 12, 2016 – Ervin Cohen & Jessup (ECJ) today announced that its client, Glacier Water Services, Inc., a leading provider of high-quality drinking water dispensed to consumers through self-service refill water machines, will merge with Primo Water Corporation, a NASDAQ-listed top supplier of multi-gallon purified bottled water, self-service refill water and water dispensers. The transaction is valued at approximately $263 million.
“Glacier has been ECJ’s valued corporate client, and we are proud and pleased to have represented them in reaching this agreement,” said Howard Hart who, with Ken Luer, led the ECJ legal team on this transaction.
Ervin Cohen & Jessup has served as Glacier’s legal counsel in a variety of transactions over the years, with this latest agreement intending to generate significant operating scale through an expansive refill and exchange network.
The transaction is subject to customary closing conditions and is expected to close in late 2016.
About Ervin Cohen & Jessup LLP
Ervin Cohen & Jessup LLP (ECJ) is a full-service firm that provides a broad range of business-related legal services including corporate law; litigation; intellectual property & technology law; real estate transactions and finance; construction & environmental law; tax planning and controversies; employment law; health care law; bankruptcy, receivership and reorganization; and estate planning. ECJ is also a charter member of the international Law Firm Alliance and a member of Geneva Group International. For more information, visit http://www.ecjlaw.com/
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