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Broadwind Energy, Inc. Common Stock Offering
1/22/2010
Davis Polk & Wardwell LLP advised Macquarie Capital (USA) Inc. and J.P. Morgan Securities Inc. as joint book-running managers in connection with the $99 million SEC-registered offering of 17,250,000 shares of common stock of Broadwind Energy, Inc. (Broadwind), of which 10,000,000 shares were sold by Broadwind and 7,250,000 shares were sold by selling stockholders. The shares are listed on the Nasdaq Global Select Market under the symbol “BWEN.” This deal was the wind industry’s first equity security offering in the United States.

Broadwind Energy, Inc., based in Naperville, Illinois, provides technologically advanced high-value products and services to the U.S. wind energy industry. Broadwind’s product and service portfolio provides customers, including wind turbine manufacturers, wind farm developers and wind farm operators, with access to a broad array of wind component and service offerings. These product and service offerings include wind turbine gearing systems, wind turbine structural towers, industrial products, technical services, precision repair and engineering services, and logistics.

The Davis Polk corporate team included partner Michael Kaplan and associates Byron B. Rooney and Rahael Seifu. Counsel Loyti Cheng and associate Emma L. Ahrens provided environmental advice. Partner Po Sit and associates Niya Tang and Andrew Teruo Hayashi provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. Natalie Chan and Malik M. Khalil were the legal assistants on the transaction. All members of the Davis Polk team are based in the New York office.