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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