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Event Details
When:
November 6, 2018 5 PM - 7:30 PM PST
Where:
Location Name
University Club
Overview
Body
Built to Last: The ESCO Legacy
ACG Portland is pleased to present an exclusive look at the ESCO sale. This premier event will be held at the University Club.
The 2018 sale of ESCO Corporation to The Weir Group PLC for 1.29 billion will likely represent the largest M&A transaction in Oregon in 2018. ESCO is a world leader in the manufacture, distribution and sale of wear parts for the mining and construction industries. Continuously headquartered in Portland since its incorporation in 1913, at the time of sale the company was still controlled by descendants of ESCO's founder, Charles Swigert.
Moderated by Stephen Babson of Endeavour Capital, this panel will answer:
- How were founding families able to successfully navigate the company through five generations of ownership over 105 years?
- Surviving severe industry cycles and deep recessions.
- Features of the Weir transaction and of Weir itself that caused the owners to end 105 years of independence?
The panelists:
Peter Bechen, President & CEO of PacTrust. ESCO's Lead Director through the transaction.
Eric Blackburn, ESCO VP & CFO. Played a key role in structuring and negotiating the transaction and continues after the transaction as CFO & SVP Business Integration.
Eric Blackburn, ESCO VP & CFO. Played a key role in structuring and negotiating the transaction and continues after the transaction as CFO & SVP Business Integration.
Kate Warren Hall, ESCO Director. 5th generation family member.
Registration is required.
Cost: 45 Members, 100 Non-Members
Includes: Networking, adult beverages, buffet dinner
Speakers
Hosted by: ACG
Chapter
Portland
