December 23, 2019
Weil is advising Apergy Corporation, a provider of equipment and technologies that improve O&G drilling and production efficiency and safety, in a Reverse Morris Trust acquisition of ChampionX (f/k/a Nalco Champion), a supplier of sustainable chemistry programs and services to upstream and midstream O&G operators, from Ecolab Inc., creating an entity with a combined $7.4 billion enterprise value. The transaction is expected to be completed by the end of the second quarter of 2020, subject to customary closing conditions.
The Weil team advising Apergy is led by Mergers & Acquisitions partner Michael J. Aiello and includes Mergers & Acquisitions partner Sachin Kohli and associates Megan Pendleton, Katie Simmonds, Alex Bauer, Alex Walsh and Will Schoof (Not Yet Admitted in New York). The team also includes Co-Chair of Tax Joe Pari; Tax partner Graham Magill; Environmental Head Annemargaret Connolly; Banking & Finance Head Douglas Urquhart; Capital Markets partner Heather Emmel; Executive Compensation & Benefits Head Paul Wessel; Technology & IP Transactions partner Karen Ballack; Real Estate partner Beatriz Azcuy; Antitrust Head Steven Newborn; Cybersecurity, Data Privacy & Information Management Co-Head Randi Singer; International Arbitration and Trade partner Ted Posner; Product Liability/Mass Tort/Environmental Head Arvin Maskin; Environmental counsel Matthew Morton; Antitrust counsel Vadim Brusser; White Collar Defense, Regulatory and Investigations counsel Adam Safwat; Tax associates Jacob Meninga and Blake Bitter (Not Yet Admitted in Washington, D.C.); Banking & Finance associate Vynessa Nemunaitis (elected partner effective January 1, 2020); Executive Compensation & Benefits associate Tamara Roth; Technology & IP Transactions associates Dennis Adams, Alexa Chu Clinton and Seowoo Kim (Not Yet Admitted in California); Real Estate attorney Leslie Smith; White Collar Defense, Regulatory and Investigations associates Greg Chafuen and Cecile Casali; Product Liability/Mass Tort/Environmental associate Carolyn Davis; and Employment Litigation associate Justin DiGennaro.