King & Spalding advised The Home Depot in its definitive agreement to acquire U.S. Home Systems, Inc. (USHS), a provider of kitchen and bath refacing products and services as well as closet and garage organizational systems to The Home Depot.
Under the terms of the agreement, The Home Depot will acquire USHS for $12.50 per share in cash. The agreement was unanimously approved by USHS’s board. The acquisition is expected to close by the end of the calendar year and is subject to approval by USHS stockholders, applicable regulatory approval and customary closing conditions.
Additional details about the transaction can be found here.
The King & Spalding legal team involved in the transaction was led by corporate partner Cal Smith, of the firm’s Atlanta office, and included the following lawyers:
Corporate:
Matt Bozzelli (counsel, Atlanta)
Britt Rogers (counsel, Atlanta)
Matt McCoy (associate, Atlanta)
Tax:
Wayne Pressgrove (partner, Atlanta)
Matt Servies(associate, Atlanta)
Environmental:
Les Oakes (partner, Altanta)
Emily Shingler (associate, Atlanta)
Employee Benefits:
Mark Kelly (counsel, Atlanta)
Labor:
Scott Mario (counsel, Atlanta)
Business Litigation:
Dwight Davis (partner, Atlanta)
Darrick McDuffie (associate, Atlanta)
Antitrust:
Jeff Spigel (partner, Washington)
John Carroll (senior associate, Washington)
The Home Depot is the world’s largest home improvement specialty retailer, with 2,255 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, Mexico and China. In fiscal 2011, The Home Depot had sales of $70.4 billion. The company employs more than 300,000 associates.
