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Intrado to Sell Safety Business to Stonepeak for $2.4 Billion
- Client News
- September 16, 2022
Paul, Weiss is advising Intrado Corporation, a global leader in technology-enabled services, in the $2.4 billion sale of Intrado’s safety business, a market-leading provider of critical public emergency telecommunications services, to Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. The transaction is expected to close in the first quarter of 2023, subject to regulatory approvals and customary closing conditions.
Intrado’s safety business has been the foundation for 911 infrastructure in the U.S. for more than 40 years. Intrado will retain its Digital Workflows business, which is part of its Life & Safety segment.
The Paul, Weiss team includes M&A partners Taurie Zeitzer and Brian Scrivani and counsel John Godfrey; finance partners Mark Wlazlo, Danielle Penhall and Gregory Ezring; tax partner Brad Okun and counsel Sohail Itani; intellectual property partner Charles Googe and counsel Elana Bensoul; capital markets partner Brian Janson and counsel Luke Jennings; litigation partner Andrew Finch; executive compensation partner Lawrence Witdorchic, and counsel Meghan Fox; real estate partner Peter Fisch; and antitrust counsel Jared Nagley and Marta Kelly.