Press Release

Ballard Spahr Represents Tennant Company in Sale of Tennant Coatings to Sherwin-Williams

February 24, 2021

Ballard Spahr represented Minneapolis-based Tennant Company (NYSE: TNC)—a world leader in the design, manufacture, and marketing of solutions that create a cleaner, safer, healthier world—in the sale of Tennant Coatings to The Sherwin-Williams Company( NYSE: SHW).

Tennant Coatings designs and manufactures indoor and outdoor coatings systems for a variety of applications and industries. Tennant Company has said the sale will allow it to focus on business lines that are central to its growth and enterprise strategy.

Peter V. Michaud, who is Chair of the firm’s Business and Transactions Department, led the Ballard Spahr team. It included Business and Transactions Partner Maggie Tatton, who co-leads Ballard Spahr’s Mergers and Acquisitions Group; Real Estate Senior Counsel Laura Krenz; and Business and Transactions Associate Neal K. Rasmussen. Mr. Michaud is based in Philadelphia and Minneapolis, while Ms. Tatton, Ms. Krenz, and Mr. Rasmussen are based in Minneapolis.

The attorneys of Ballard Spahr’s Business and Transactions Department work with clients of all sizes and stages of maturity to negotiate, structure, and complete transactions that improve competitive position, add value, and sustain growth. Members of its Mergers and Acquisitions Group provide in-depth deal coverage, from initial structuring through due diligence and documentation to closing and post-closing integration, across numerous industries.

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