AO Shearman advises Exponent on acquisition of Crane Building Services and Utilities

Exponent Private Equity LLP has agreed to acquire Crane Building Services & Utilities (Crane BS&U) in a carve-out from U.S.-headquartered Crane Company. Crane BS&U will be bought as a standalone business. It is UK-headquartered and makes flow control products for water utilities, building services and gas utilities. Its brands include Viking Johnson, Crane, Helden, Hattersley, NABIC and WASK. It has four sites across the UK, Europe, the Middle East and Asia and more than 3,000 customers. A&O Shearman advised Exponent. Completion depends on employee representative processes and standard regulatory approvals.