Stoel Rives attorney Nick Taylor led a team that represented client PakSense in its acquisition by Emerson. PakSense will be integrated with another acquisition into Emerson’s new cargo solutions business, which will aid customers in tackling cold chain challenges and minimizing food waste.
Paksense, which is based in Boise, produces sensors that monitor the temperature of perishable foods during transportation and storage, allowing customers to track their conditions as they travel through supply chains. Emerson, which is based in St. Louis, is a publically-traded global manufacturing and technology company.
The Stoel Rives deal team in Boise, which worked across several other offices of the firm to address tax, employee benefit, international law, and intellectual property issues, included attorneys Brian Larsen, Chris Heuer, Dustin Swanson, Sara Benzion, Adam Schurle, Matt Martinez, Bethany Bacci, Whit Johnson, Chauncey MacLean; and paralegal Theresa Howe.
For further media coverage of the transaction, please see these articles in the Idaho Statesman, Idaho Business Review (subscription required) and Chicago Tribune. The terms of the transaction were not disclosed.