Tonkon Torp represented its client Vestas, the world's largest manufacturer of wind turbines, in the acquisition of UpWind Solutions, Inc., an independent service provider for wind power plants in nine US states. The $60 million acquisition furthers Vestas’ strategic objectives for its North America service business.
Vestas is a global energy company dedicated exclusively to wind energy. Based in Denmark, Vestas’ core business is the development, manufacture, sale and maintenance of wind power plants. Vestas selected Tonkon Torp’s Mergers & Acquisition practice group to provide specialty counsel for the UpWind Solutions acquisition.
Throughout the transaction, attorneys from Tonkon Torp’s Mergers & Acquisitions practice group provided advice on a wide range of complex issues, including tax and intellectual property. The primary Tonkon Torp M&A lawyers on the transaction team were Sherrill Corbett, Tom Palmer, and Jessica Morgan, with tax advice provided by Michael Millender and intellectual property advice provided by Chris Erickson.