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DEAL NOTE: Crowell & Moring Represents Rekor Systems in Sale of Subsidiary AOC Key Solutions

Washington – April 15, 2020: A Crowell & Moring corporate team represented Rekor Systems Inc., a publicly traded company (Nasdaq: REKR) (Rekor), in the sale of its subsidiary, AOC Key Solutions, Inc. (AOC), to a new entity organized by AOC’s management that partially financed the acquisition with SBA funding. Rekor is a technology business focused on bringing smarter, faster, cost-competitive solutions to the worlds of smart cities, public safety and customer experience. The sale of AOC is part of the company’s pivot from its legacy staffing businesses to a higher margin technology and software-based business with industry-leading vehicle recognition solutions, and is viewed as a sale of non-core assets.

This is the twelfth transaction that the firm has handled for Rekor and its predecessor companies. The Crowell & Moring lawyers involved in the sale of AOC were partners Stephen McBrady and Lex Eley, counsel William Bruno, and associate Danielle Winston. A link to Rekor’s press release can be found here.

Contact(s):

An Pham
Senior Manager, Media, PR & Communications
+1 202.508.8740
Email: apham@crowell.com
Crowell & Moring LLP is an international law firm with approximately 550 lawyers representing clients in litigation and arbitration, regulatory and policy, and transactional matters. The firm is internationally recognized for its representation of Fortune 500 companies in high-stakes litigation, as well as its ongoing commitment to pro bono service and diversity, equity and inclusion. The firm has offices in Brussels, Doha, London, Los Angeles, New York, Orange County, San Francisco, Shanghai, and Washington, D.C.

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