Lamb McErlane PC Partner Chad T. Williams Represented Data Center Resources in its Sale to Worthington Armstrong Joint Venture WAVE
Lamb McErlane partner Chad T. Williams and associate Jeong H. Park represented Data Center Resources, LLC (DCR) in connection with its sale to Worthington Armstrong joint venture WAVE.
Armstrong World Industries. Inc. (NYSE:AWI) and Worthington Enterprises (NYSE: WOR) and their Worthington Armstrong joint venture (WAVE) has acquired all of the assets of Amherst, NY-based Data Center Resources, LLC (DCR) related to the design and manufacture of customizable, modular aisle containment solutions for data centers, under the Cool Shield brand.
WAVE is the North America leader in the design and production of suspended ceiling system solutions sold under the Armstrong brand name. A joint venture between Armstrong World Industries and Worthington Enterprises, WAVE combines the culture and strengths of both parent companies. WAVE employs over 400 employees and operates 7 manufacturing facilities.
DCR solutions are designed to optimize power usage and increase cooling efficiency within data centers, resulting in lower operating costs and less strain on electrical grid infrastructure. These solutions will also help solve other challenges presented by the growth in data centers, including construction lead times and skilled labor availability.
At Lamb McErlane, Chad has extensive experience in mergers and acquisitions including both buy-side and sell-side representation, private equity and strategic transactions. Chad serves as outside general counsel to many companies, providing advice and support through all stages of growth, and also advises clients in connection with complex real estate and business litigation matters.
Jeong Hyeon Park is an associate at Lamb McErlane and concentrates her practice in business law, including general business, commercial, banking, real estate and tax law and mergers and acquisitions.