Stradling represented client Stout Risius Ross, Inc. in connection with its issuance of a fairness opinion to Lime Energy Co. in its agreement and plan of merger with Willdan Group (NASDAQ: WLDN) pursuant to which Willdan will acquire all outstanding shares of Lime Energy for $120 million in cash. The deal was announced on October 3rd and is expected to close during the fourth quarter of 2018. Read the press release.
Stout Risius Ross is an investment banking firm that provides M&A advice, private capital raising and additional financial advisory services. Lime Energy is a provider of energy-efficiency technology for small-business customers. Willdan Group, an industry leader for over 50 years, provides energy and engineering solutions for small businesses, healthcare, hospitality and education customers nationwide.
The Newport Beach-based deal team representing Stout Risius Ross included Ryan Wilkins and Kyle Leingang.