Weil Advised Apergy in a Reverse Morris Trust Acquisition of ChampionX

Weil advised Apergy Corporation (n/k/a ChampionX Corporation), a provider of equipment and technologies that improve O&G drilling and production efficiency and safety, in a Reverse Morris Trust acquisition of ChampionX (f/k/a Nalco Champion), a supplier of sustainable chemistry programs and services to upstream and midstream O&G operators, from Ecolab Inc. creating an entity with a combined $7.4 billion enterprise value. The transaction closed June 4, 2020.

The Weil team advising Apergy is led by Mergers & Acquisitions partner Michael J. Aiello and includes Mergers & Acquisitions partner Sachin Kohli, counsel Megan Pendleton and associates Katie Simmonds, Alex Bauer, Alex Walsh and Will Schoof (Not Yet Admitted in New York). The team also includes Tax Head Joe Pari; Tax partner Graham Magill; Environmental Head Annemargaret Connolly; Banking & Finance Head Douglas Urquhart and Banking & Finance partner Vynessa Nemunaitis; Capital Markets partner Heather Emmel; Executive Compensation & Benefits Head Paul Wessel; Technology & IP Transactions partner Karen Ballack; Antitrust Head Steven Newborn; Product Liability/Mass Tort/Environmental Head Arvin Maskin; Environmental counsel Matthew Morton; White Collar Defense, Regulatory and Investigations counsel Adam Safwat; Product Liability/Mass Tort/Environmental counsel Carolyn Davis; Tax associates Jacob Meninga and Blake Bitter; Banking & Finance associates Veronica Bonhamgregory and Libby Vinson; Executive Compensation & Benefits associate Tamara Roth; Technology & IP Transactions/Privacy associates Dennis Adams and Seowoo Kim; Real Estate attorney Leslie Smith; White Collar Defense, Regulatory and Investigations associates Greg Chafuen and Cecile Casali; and Employment Litigation associate Justin DiGennaro.