Akin Gump Advises Schlumberger in Sale of North American Rod Lift Business to Lufkin Industries
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(Houston) – Lufkin Industries, a portfolio company of KPS Capital Partners, LP, announced today that it has completed the acquisition of the North American Land Rod Lift Business of Schlumberger N.V.
A team from Akin Gump advised Schlumberger in the transaction.
Schlumberger’s Land Rod Lift Business is a large provider of rod lift products and services in North America (onshore) with brands such as Don-Nan, Shores Lift Solutions, KBA Engineering, Platinum Pumpjack Services and RLC Rod Lift Consulting. The business provides its customers with a full product offering, including downhole pumps and accessories, beam pumping units, sucker rods and gas lift products.
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The Akin Gump team was led by corporate partner Rob Shearer. He was joined by:
- Corporate associates Allyson Li and Anthony Hilbert.
- Partner Mike Warnecke and senior counsel Stacy Kobrick for antitrust work.
- Tax partner Jocelyn Tau.
- Partners Rolf Zaiss and Robin Schachter and counsel Madeline Lewis for employee benefits work.
- Environment and natural resources partner David Quigley and senior counsel Andrew Oelz.
- Real estate senior counsel Richard Frank and practice attorney Stuart Graves.
- Labor and employment partner Brian Patterson.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75
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