A Locke Lord team led by Greg Heath, Jeannie Diep, Case Towslee and Ashley Lopez (all of Houston) represented Helix Energy Solutions Group in its acquisition of 100% of the equity interests of the Alliance group of companies for $120 million cash at closing, plus post-closing earnout potential. The Firm also assisted Helix in amending its existing asset-based revolving credit facility in conjunction with the acquisition of Alliance. Alliance provides services in support of the upstream and midstream industries in the Gulf of Mexico shelf, including offshore oil field decommissioning and reclamation, project management, engineered solutions, intervention, maintenance, repair, heavy lift and commercial diving services. For more information, see the press release. Additional assistance was provided by Steve Boyd, Gislar Donnenberg, Laura Ferguson, Jerry Higdon, Jeff McPhaul, Tammi Niven, Ed Razim, Buddy Sanders, Michelle Gutierrez-Begin, Rachael Beavers, Lani Blake, Emma Doineau, Emily Hoy and Kelly Smit (all of Houston) and Van Jolas and Brad Weber (both of Dallas).
Posted on July 21, 2022