A Locke Lord team led by Joe Perillo (Houston) represented O-Tex Holdings, Inc. and its operating subsidiaries, including O-Tex Pumping, L.L.C., in its acquisition by C&J Energy Services, Inc. The cash and stock transaction was comprised of $132.5 million in cash and approximately 4.42 million shares of C&J’s common stock. The deal closed on Nov. 30, 2017. O-Tex is the fourth largest provider of oilfield cementing services in the United States and is majority owned by White Deer Energy L.P. Additional assistance was provided by Michael Blankenship, Steve Boyd, Walker Clarke, Jerry Higdon, Paul Pruett, Ed Razim, Buddy Sanders, Lauren Corbeil, Elizabeth Corey and Rachel Fitzgerald (all of Houston) and Van Jolas (Dallas).
Posted October 27, 2017