Posted on:Weil in the News
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.