Alexander Calnon (Alex)

Associate

Cleveland + 1.216.586.7009

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Alex Calnon represents public and private companies in cross-border mergers, acquisitions, and divestitures. Alex has significant experience managing complex corporate transactions for domestic and international firms.

Alex has counseled clients on numerous transactions, including TopBuild's $1.0 billion acquisition of Specialty Products and Insulation, TreeHouse Foods' $2.9 billion go-private sale to Investindustrial, Hexagon AB's €2.7 billion divestiture of its Design & Engineering business to Cadence Design Systems, and Vintage Wine Estate's sale through chapter 11 bankruptcy. In addition, he advises clients with respect to monetization of clean energy tax credits introduced by the Inflation Reduction Act. Other companies with which Alex has worked on substantial matters include DataBank, Sonepar, and The Riverside Company.

Experience

  • TopBuild to be acquired by QXOJones Day is advising TopBuild Corp. in its acquisition by QXO, Inc. (NYSE: QXO) for approximately $17 billion.
  • Hexagon sells Design & Engineering business to CadenceJones Day advised Hexagon AB in the €2.7 billion sale of its Design & Engineering business, which includes the business formerly known as MSC Software, to Cadence Design Systems.
  • Vanderbilt Minerals files for chapter 11 with $50 million stalking horse bid for substantially all assetsJones Day is representing Vanderbilt Minerals, LLC in its chapter 11 case before the U.S. Bankruptcy Court for the Northern District of New York.
  • Olympic Steel merges with RyersonJones Day advised Olympic Steel, Inc. (NASDAQ: ZEUS), a leading U.S. metals service center, in its merger with Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals.
  • TreeHouse Foods goes private in $2.9 billion sale to InvestindustrialJones Day represented TreeHouse Foods, Inc. (NYSE: THS) in a $2.9 billion take-private transaction whereby an affiliate of Investindustrial, a leading European group of independently managed investment, holding, and advisory companies, acquired TreeHouse Foods in an all-cash transaction.
  • TopBuild acquires Specialty Products and Insulation for $1.0 billionJones Day advised TopBuild Corp. (NYSE:BLD), a leading installer of insulation and commercial roofing and a specialty distributor of insulation and related building material products to the construction industry in the United States and Canada, in the acquisition of Specialty Products and Insulation (SPI), a leading specialty distributor and fabricator of mechanical insulation solutions for the commercial, industrial and residential end markets in North America, for $1.0 billion in cash.
  • Baird Capital portfolio company acquires PureAir FiltrationJones Day represented Baird Capital in the acquisition and financing by portfolio company Cleanwater1, Inc. of Pure Air Filtration, a leader in air purification and gas-phase filtration solutions.
  • Riverside portfolio company acquires PharmChemJones Day advised The Riverside Company in the acquisition by portfolio company, Alcohol Monitoring Systems, Inc. (d/b/a SCRAM Systems), of PharmChem, Inc. for $3.75 per share in cash.
  • Block Communications sells television stations to Gray MediaJones Day is advising Block Communications, Inc. in the sale of its television stations to Gray Media, Inc.
  • TopBuild acquires Progressive Roofing for $810 millionJones Day advised TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada, in the $810 million acquisition of Progressive Roofing, a leader in commercial roofing installation services in the United States, from Bow River Capital.
  • Baird portfolio company acquires Industrial Control Systems OnlineJones Day acted as counsel to Baird Capital portfolio company, Cleanwater1, Inc., in the acquisition of Industrial Control Systems Online, a provider of advanced industrial automation and control systems.
  • Baird Capital portfolio company acquires Integrity Municipal SystemsJones Day represented Baird Capital in the acquisition and financing by portfolio company Cleanwater1, Inc. of Integrity Municipal Systems (IMS), a leading technology and solutions provider of branded, engineered lime systems, odor control and chemical feed system process solutions for the water and wastewater industry.
  • Bil-Jac Foods receives investment from Entrepreneurial Equity PartnersJones Day represented Bil-Jac Foods, Inc. (Bil-Jac), an Ohio-based leading manufacturer of dog food and treats, in connection with an investment in Bil-Jac by Entrepreneurial Equity Partners, a Chicago, Illinois, based private equity firm.
  • ITT completes divestiture of Wolverine Advanced MaterialsJones Day advised ITT, Inc. in the $171 million sale of its Wolverine Advanced Materials business to private equity firm Center Rock Capital Partners.
  • DataBank obtains $725 million senior secured revolving credit facility to finance development of data centersJones Day represented DataBank Holdings, Ltd. in connection with a $725 million senior secured revolving credit facility to finance existing and future data center construction projects.
  • American Pacific Group acquires Spark Power Group Inc.Jones Day acted as U.S. counsel to American Pacific Group, L.P. in the approximately C$140 million acquisition of Spark Power Group Inc., a leading independent provider of end-to-end electrical services and operations and maintenance services to the industrial, utility, and renewable asset markets in North America.
  • H-D Advanced Manufacturing sells Engineered Solutions Group to Timken CompanyJones Day represented H-D Advanced Manufacturing Company in connection with its sale of Engineered Solutions Group (a.k.a. Innovative Mechanical Solutions or iMECH) to The Timken Company.
  • ONCAP sells medical division to BiomericsJones Day advised ONCAP in the sale by portfolio company Precision Concepts International of its medical division to Biomerics, a portfolio company of Wasatch Equity Partners.
  • GrafTech completes $450 million Senior Secured Notes offeringJones Day represented GrafTech International Ltd., a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals, in connection with the Rule 144A and Regulation S offering of $450 million aggregate principal amount of 9.875% Senior Secured Notes due 2028 (the "Notes") by GrafTech Global Enterprises Inc., its wholly-owned subsidiary.
  • American Transmission Systems completes $150 million private placement of Senior NotesJones Day represented American Transmission Systems, Incorporated, a transmission-only subsidiary of FirstEnergy Transmission, LLC, which is a majority-owned subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with a private placement of $150 million aggregate principal amount of 5.13% Senior Notes due 2033.
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