Davis Polk is advising Kissner Group Holdings LP and its equityholders, including affiliated investment funds managed by Metalmark Capital LLC and Silvertree-KMC II LP, a venture between Silverhawk Capital Partners and Demetree Salt, LLC, on its sale to Stone Canyon Industries Holdings LLC. Financial terms of the transaction were not disclosed.
Headquartered in Overland Park, Kansas, Kissner is a leading, vertically integrated bulk salt, specialty salt and evaporated salt producer focused on governmental and commercial customers across the United States and Canada. Stone Canyon Industries Holdings is a global industrial holding company designed to "buy, build and hold" for the long term, with a strategy focused on acquiring and operating market leading companies. Metalmark Capital is a private equity firm that seeks to build long-term value through active and collaborative partnerships with business owners, founders and executives.
The Davis Polk corporate team includes partner Evan Rosen and associate W. Soren Kreider IV. The tax team includes counsel Ethan R. Goldman and associate Joshua J. Micelotta. The executive compensation team includes partner Veronica M. Wissel and associate Travis Triano. Counsel Susan D. Kennedy and associate Elizabeth Johnson are providing real estate advice. Partner Hilary Dengel and counsel Jonathan B. Brown are providing finance advice. All members of the Davis Polk team are based in the New York office.