A Locke Lord team led by Joe Perillo (Houston) served as U.S. counsel for Claxton Engineering Services Inc. in the purchase of all of the assets of Proserv UK Limited’s international field technology services (FTS) business unit, including its surveying capability, for an undisclosed value. Claxton Engineering Services, a subsidiary of Acteon Limited, closed on the purchase on August 1, 2019. The FTS business offers cutting, friction stud welding and pipeline maintenance services from bases in Stavanger (Norway), Houma (U.S.), Singapore and Aberdeen (UK). These additional services and facilities will be integrated into Acteon under the Claxton brand. For more information, see Acteon’s press release. Additional assistance was provided by Steve Boyd, Evan Blankenau and Caleb Dunson (all of Houston).
Posted on August 7, 2019