Weatherford Completes Sale of Laboratory Services Business
Weatherford International plc today announced it has completed the sale of its laboratory services business to a group led by CSL Capital Management, L.P. for $206 million in cash. In October 2018, the Company signed a definitive agreement to divest its laboratory and geological analysis business, including personnel and associated …
Weatherford: Sells Laboratory Services Business to CSL Capital Management for $205m in Cash
Weatherford International plc today announced it has signed a definitive agreement to sell its laboratory services business to a group led by CSL Capital Management, L.P. for $205 million in cash. Under the agreement, Weatherford will divest its laboratory and geological analysis business, including personnel and associated contracts. After exiting the laboratory business, Weatherford will …
Baker Hughes: BJ Services Reformed After Pressure Pumping Merger with Allied Energy Services
Baker Hughes Incorporated, CSL Capital Management and West Street Energy Partners (WSEP), a fund managed by the Merchant Banking Division of Goldman Sachs, announced today an agreement to create a pure-play North American land pressure pumping company. The new company, BJ Services, will leverage operational experience and industry expertise to …