David A.Grubman (Dave)

Partner

Pittsburgh + 1.412.394.7223

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For over 20 years, Dave Grubman has represented Fortune 500 companies and private equity funds in a wide range of complex corporate transactions. These transactions encompass public and private mergers and acquisitions, joint ventures, and recapitalizations. Dave leads the M&A Practice in the Pittsburgh Office.

Dave represents companies in a broad range of industries. Recently he represented U. S. Steel in the sale of Transtar to an affiliate of Fortress for $640 million, Shiseido in its $845 million acquisition of Drunk Elephant, Calgon Carbon (NYSE: CCC) in its $1.3 billion sale to Kuraray, RTI International (NYSE: RTI) in its $1.5 billion sale to Alcoa, Wabtec (NYSE: WAB) in its $11.1 billion merger with GE Transportation, U. S. Steel in an Option Agreement for a potential $2.4 billion iron ore joint venture with Stelco, NEP Group in its sale to Carlyle Global Partners and 25+ acquisitions with an aggregate deal value in excess of $1 billion, XIO Group in its $510 million tender offer for Lumenis, NRG Energy in its $1.375 billion sale of NRG Yield and NRG's Renewables Platform, Black Box (NYSE: BBOX) in its sale to AGC Networks, and LIXIL Corporation in its $542 million acquisition of American Standard Brands from Sun Capital.

Dave is a past member of the National Young Leadership Cabinet of the Jewish Federation of North America and the Leadership Pittsburgh Class of 2011. He also serves on the boards of the Humane Animal Rescue of Pittsburgh and the Pittsburgh Zoo & PPG Aquarium.

Experience

  • U.S. Steel sells Transtar, LLC to Fortress Transportation and Infrastructure Investors for $640 millionJones Day represented United States Steel Corporation, an integrated steel producer with major production operations in the United States and Central Europe, in connection with the sale of its wholly owned short-line railroad subsidiary, Transtar, LLC, to a subsidiary of Fortress Transportation and Infrastructure Investors LLC for $640 million.
  • U.S. Steel executes Option Agreement for potential joint venture with Stelco Inc. to acquire 25% interest in Minntac at enterprise value of $2.4 billionJones Day represented United States Steel Corporation, an integrated steel producer with major production operations in the United States and Central Europe, in connection with the execution of an Option Agreement for a potential joint venture with Stelco Inc., a vertically integrated Canadian steelmaker.
  • Shiseido acquires Drunk Elephant™ for $845 millionJones Day advised Shiseido Americas Corporation in its $845 million acquisition of Drunk Elephant™.
  • Wabtec and GE Transportation merge in $11.1 billion transactionJones Day advised Wabtec Corporation in a Reverse Morris Trust merger with GE Transportation, valued at $11.1 billion.
  • Calgon Carbon acquired by Kuraray for $1.3 billionJones Day advised Calgon Carbon Corporation (NYSE:CCC) in its $1.3 billion all-cash acquisition by Kuraray Co., Ltd. (TSE:3405).
  • RTI International Metals sold to Alcoa for $1.5 billionJones Day advised RTI International Metals, Inc., a global supplier of titanium and specialty metal products and services for the commercial aerospace, defense, energy, and medical device markets, in its $1.5 billion stock-for-stock acquisition by Alcoa Inc.
  • NEP Group acquired by Carlyle Global PartnersJones Day advised the NEP Group, Inc., a Pittsburgh-based global leader in outsourced technical production for producers of live sports, entertainment, music and corporate events, in connection with the acquisition by Carlyle Global Partners of a majority stake in NEP Group.
  • Shiseido Americas acquires Gurwitch ProductsJones Day advised Shiseido Americas Corporation ("Shiseido Americas"), a subsidiary of Shiseido Co., Ltd. (Tokyo Stock Exchange, First Section: 4911), a leading global cosmetics company, in connection with the acquisition of Gurwitch Products, LLC ("Gurwitch") from Alticor, Inc.
  • LIXIL acquires ASD Americas Holding, owner of leading North American kitchen and bath products manufacturer American Standard Brands, for $542 million from Sun Capital PartnersJones Day advised LIXIL Corporation, a leading Japanese manufacturer of building materials and housing equipment, in its acquisition of ASD Americas Holding Corp. from Sun Capital Partners for $542 million.
  • Black Box acquired by AGC NetworksJones Day advised Black Box Corporation (Nasdaq: BBOX) in its acquisition by AGC Networks Ltd, a majority-owned subsidiary of Essar Global Fund.
  • XIO acquires Lumenis for approximately $510 million, $14 per share, in cashJones Day advised XIO Group in its acquisition of Lumenis Ltd., the world's largest energy-based medical company for surgical, ophthalmology, and aesthetic applications, for $14 per share in cash, for an aggregate purchase price of approximately $510 million.
  • NRG Energy sells ownership in NRG Yield and NRG's Renewables Platform to Global Infrastructure PartnersJones Day represented NRG Energy, Inc. in the sale of NRG’s ownership in NRG Yield and NRG’s Renewables Platform to Global Infrastructure Partners (GIP) for cash proceeds of $1.375 billion, subject to certain adjustments.
  • Coronado Coal acquires Curragh coal mine in central Queensland, Australia, from Wesfarmers Limited for A$700 million (US$539 million)Jones Day advised Coronado Coal LLC in the acquisition of the Curragh coal mine in central Queensland, Australia, from Wesfarmers Limited for A$700 million (US$530 million).
  • Wolf Furniture sold to Art Van Furniture, Inc.Jones Day advised Wolf Furniture Enterprises, Inc. in the sale of substantially all of the assets of the company, a family owned furniture retailer operating under the Wolf name for more than 115 years, to Art Van Furniture, Inc., a portfolio company of Thomas H. Lee Partners.
  • Confluence acquired by TA AssociatesJones Day advised Confluence Technologies, Inc., a financial services data management software development company based in Pittsburgh, Pennsylvania, in its acquisition by private equity firm TA Associates.
  • Calgon Carbon acquires Arkema's activated carbon and filtration media business for €145.5 million (US$160.1 million)Jones Day advised Calgon Carbon Corporation in the €145.5 million (US$160.1 million) acquisition of the wood-based activated carbon, reactivation, and mineral-based filtration media business of CECA, a subsidiary of Arkema, a French leading specialty chemicals and advanced materials company.
  • Black Box sells IT unit for $75 million to Arlington Capital PartnersJones Day advised Black Box Corporation in the $75 million sale of its federal government IT services business (the "Federal Business") to Arlington Capital Partners.
  • Shiseido Americas sells its RéVive Skincare brand to affiliate of Tengram Capital PartnersJones Day advised Shiseido Americas Corporation, a subsidiary of Shiseido Co., Ltd., a leading global cosmetics company, in connection with the sale of its RéVive Skincare brand to an affiliate of Tengram Capital Partners.
  • Shiseido acquires Olivo LaboratoriesJones Day advised Shiseido Americas Corporation, a subsidiary of Shiseido Co., Ltd., a leading global cosmetics company, in connection with the acquisition of substantially all of the assets of Olivo Laboratories, LLC, a startup advancing the dermatological field through proprietary biomaterials technology.
  • Tekni-Plex acquires Commodore Plastics and Commodore TechnologyJones Day advised Tekni-Plex, Inc., a portfolio company of private equity fund Genstar Capital, in connection with the acquisition of substantially all of the assets of Commodore Plastics and Commodore Technology, a family owned industrial business specializing in the manufacture of foam and plastic packaging.
  • Tekni-Plex acquires Dunn IndustriesJones Day advised Tekni-Plex, Inc., a portfolio company of private equity fund Genstar Capital, in connection with its acquisition of Dunn Industries, Inc., a family owned industrial company specializing in the manufacture of extrusion tubing for the medical device market.
  • NEP Group acquires Broadcast Sports International, LLCJones Day advised NEP Group in its acquisition of Broadcast Sports International, LLC, a leading provider of radio-frequency audio-visual solutions to the live sports and broadcast television industry.
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    December 2, 2021 Sponsorships

    Preparing for the 2022 Proxy Season: Governance and Activism Developments

    October 14, 2020 Webinars

    Jones Day's 2020 Speaker Series - Beyond the 2020 Proxy Season: Activism, Disclosure, and Governance Considerations and Trends for 2021

    July 22, 2020 Firm Hosted

    Jones Day's 2020 Speaker Series: M&A Update: Post-Closing Earnouts

    Speaking Engagements

    • October 14, 2020
      Beyond the 2020 Proxy Season: Activism, Disclosure and Governance Considerations and Trends for 2021
    • July 22, 2020
      M&A Update: Post-Closing Earnouts
    • January 23, 2020
      Carve-Out Transactions
    • October 16, 2019
      2019 Proxy Season and Beyond – Hot Topics and Developments in Corporate Governance, Executive Compensation, and Stockholder Activism
    • June 2018
      Board Oversight of Corporate Culture, KPMG Board Roundtable
    • May 30, 2018
      Jones Day's 2018 Speaker Series: CFIUS: Current Practice and Upcoming Changes
    • December 15, 2015
      Appreciating Reps, Warranties and Indemnities in the M&A and Commercial Practice
    • October 15, 2015
      2015 Regional Energy Conference: Navigating Turbulences in Global Oil & Gas Markets
    • December 3, 2014
      KPMG’s Fall Audit Committee Roundtable Series Tapping International Markets: Key Governance Challenges
    • November 6, 2014
      Trends in Pennsylvania M&A – Is the Region Building Up for a Boom in Deal Activity?
    • July 25, 2014
      Jones Day Regional Energy Conference, International Implications of the Marcellus and Utica Shale
    • August 15, 2013
      2013 Speaker Series: Mergers & Acquisitions Representation and Warranty Insurance
    • February 14, 2013
      Jones Day Regional Energy Conference, Harnessing Regional Opportunity in the new Energy Economy
    • January 31, 2013
      The Ever-Increasing Risk of an Antitrust Issue Holding Up That Next Big Deal

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