Francisco Balduzzi, Matt Homan, Shelby Martin & Gerald Ruiz Guide Expro in Energy Sector Acquisition

Womble Bond Dickinson client Expro, a leading provider of energy services, has acquired PRT Offshore, an offshore services company. 

The Womble Bond Dickinson team, which represented Expro in this transaction, was led by Houston Partner Francisco Balduzzi, together with Matt Homan, Shelby Martin and Gerald Ruiz.

The transaction is valued at approximately $106 million in cash and stock. According to a press release, the acquisition will enable Houston-based Expro to “expand its portfolio of cost-effective, technology-enabled services and solutions within the subsea well access sector in the North and Latin America (NLA) region and accelerate the growth of PRT Offshore’s surface equipment offering in the Europe and Sub-Saharan Africa (ESSA) and Asia Pacific (APAC) regions.” PRT Offshore employs approximately 90 people in Texas and Louisiana.

RBC Capital Markets served as exclusive financial advisor to Expro in this transaction.

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Womble Bond Dickinson is an international law firm with more than 1,100 lawyers based in 32 UK and US office locations serving clients across every business sector. The firm provides core legal services including: Commercial, Corporate, Employment, Dispute Resolution and Litigation, Finance, Banking, Restructuring, Insolvency, IP, Technology and Data, Private Wealth, Projects, Construction and Infrastructure, Real Estate and Regulatory Law.  

Womble Bond Dickinson has been immersed in the energy industry sector for decades, giving us great depth of experience across the various forms of energy and power. We apply that experience to identify the best route through the complex issues that affect companies operating in this sector. Our work covers the full spectrum of upstream, midstream and downstream oil and gas, renewables (solar, wind, biofuels, and hydrogen), electricity generation and transmission, electric vehicles, and water infrastructure.