A Locke Lord team led by Joe Perillo (Houston) represented Flow Management Devices, LLC (Flow MD), in connection with Flow MD entering into a definitive agreement to be acquired by IDEX Corporation. Flow MD, a privately-held provider of flow measurement systems that ensure custody transfer accuracy in the oil and gas industry, will be purchased for approximately $125 million, before closing adjustments. The transaction is expected to close in the first quarter of 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 January 30, 2020