A Locke Lord team led by Joe Perillo (Houston) represented Flow Management Devices, LLC (Flow MD), in a completed acquisition by IDEX Corporation. Flow MD, a privately-held provider of flow measurement systems that ensure custody transfer accuracy in the oil and gas industry, was purchased for approximately $125 million. The transaction closed Feb. 28, 2020. Additional assistance was provided by Steve Boyd, Jerry Higdon, Ed Razim, Buddy Sanders, Stuart Lawson and Jennie Simmons (all of Houston), Van Jolas (Dallas) and Jaremi Chilton (San Francisco).
Posted on May 20, 2020