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May 30, 2014
WASHINGTON, DC, May 30, 2014 — Covington & Burling advised Graham Holdings Company in its acquisition of Joyce/Dayton Corp., an Ohio-based manufacturer of screw jacks and other linear motion systems. The acquisition was announced earlier today. Graham Holdings is an education and media company whose principal operations include educational services, television broadcasting, cable systems, and online, print, and local TV news. In a statement, Graham Holdings Chairman and CEO Donald E. Graham said the acquisition is part of the company’s ongoing strategy of investing in companies with demonstrated earnings potential and strong management teams. The Covington team was led by Michael Cutler and included Maya Yette, Robert Heller, Lawrence Hobel, Jenna Wallace and Thomas Brugato.