Warburg Pincus in $438.2 Million Acquisition of Rural/Metro Corporation
June 30, 2011
Cleary Gottlieb represented Warburg Pincus in its acquisition of Rural/Metro Corporation for approximately $438 million (excluding debt). The transaction was announced on March 28, 2011, approved by a vote of the Rural/Metro shareholders on June 27, 2011 and closed on June 30, 2011. At the time of closing, Warburg Pincus and Rural/Metro refinanced Rural/Metro’s outstanding debt of approximately $270 million and issued senior notes in an aggregate principal amount of $200 million.
Rural/Metro is a leading national provider of emergency and non-emergency ambulance transport services and private fire protection services in 20 states and approximately 440 communities throughout the United States.