Digested Organics, a Plymouth, Michigan-based company specializing in water reclamation solutions for waste streams, has been acquired by global manufacturer Mott Corporation. The deal, which closed in February, was recently announced.
Varnum represented Digested Organics in all aspects of the transaction, including negotiating the acquisition agreement and all other legal documents. Eric Post and Tim Gordon led the M&A team, which included Jake Whately and Amy Yan (Corporate and M&A), John Arendshorst (Employee Benefits), Shawn Strand (Tax), and Staci DeRegnaucourt and Chelsea Everson (Intellectual Property).
Varnum’s representation of Digested Organics began in 2018, when the company was brought in under the firm’s MiSpringboard program. Since then, Post and the Varnum team have provided legal assistance on a wide range of matters, including joint ventures, capital raises, stock option plans, employment agreements, equipment sale and service agreements, financing transactions and immigration matters.
Digested Organics CEO Bobby Levine, President Eric Stoermer, and other employees will stay on to lead the company.
“The team at Varnum worked tirelessly on our behalf to manage a lengthy due diligence process, negotiate a fair merger and help us navigate some unique aspects of the deal,” Levine said. “We couldn’t have done it without them!”