A Locke Lord team led by Eric Johnson represented NOW Inc. in a recently announced agreement to purchase Power Service, a group including Power Service, Inc., Industrial Tool & Repair, Inc., d/b/a/ Power Service of Montana and Power Transportation LLC. Power Service, which provides rotating and process equipment engineering, design, installation, fabrication and service solutions, will provide a unique, high value add solution for NOW Inc.’s existing customer base, according to the press release. The deal is subject to customary closing terms and the value of the transaction was not disclosed. The Locke Lord team also included Steven Boyd, Jerry Higdon, Hanna Norvell, Paul Pruett, Ed Razim, Mike Rutledge, Lauren Corbeil and Laura Ferguson.
Posted May 4, 2016