Weil Advised American Securities in its Acquisition of Ulterra Drilling Technologies

Weil advised longtime client American Securities LLC in its acquisition of the business of Ulterra Drilling Technologies, L.P. in partnership with Ulterra’s management team. Ulterra is a Texas-based designer and manufacturer of matrix and steel polycrystalline diamond compact  bits used in the drilling of oil-and-gas wells, as well as downhole tools. Financial terms of the transaction were not disclosed.

The Weil team that advised American Securities was led by Co-Head of Private Equity and M&A Michael Lubowitz and includes Banking & Finance partner Allison Liff; Tax Partner Mark Schwed; Executive Compensation & Benefits head Paul Wessel; Insurance partner Joseph Verdesca; Technology & IP Transactions partner Jeffrey Osterman; White Collar Defense & Investigations head Steven Tyrrell; International Arbitration & Trade partner Ted Posner; Executive Compensation & Benefits counsel Steven Margolis; Real Estate counsel Elliot Ganchrow; Antitrust counsel Vadim Brusser; Environmental counsel John O’Loughlin; Private Equity associates Ryan Taylor, Benjamin Adelson (not yet admitted in New York), Philip Wolf and Alexander Miachika; Banking & Finance associates Vynessa Nemunaitis and Rachel Trudeau; Tax associates Ryan Roberts and Liam Murphy; Executive Compensation & Benefits associate Aaron Cha; Insurance associate Gabriel Gershowitz; Technology & IP Transactions associates Caroline Paige Geiger and Mary Lentowski; Regulatory associate Timothy Welch; Real Estate associate Anne Catherine Podolsky; and Antitrust associate Alexis Brown-Reilly.