Jackson Walker successfully represented the owners of Knox Oil Field Supply, Inc. in the company’s recent acquisition by Applied Industrial Technologies, Inc. (NYSE: AIT). The deal was signed and announced in May and closed on July 1, 2014, upon expiration of the Hart–Scott–Rodino waiting period and satisfaction of certain other customary conditions.
San Angelo–based Knox Oil Field Supply, Inc. is a family owned and operated distributor of oilfield supplies and related services with 15 locations in Texas and one in New Mexico. The company employs 140 people and has annual sales of more than $100 million. Applied Industrial Technologies, Inc. is a leading industrial distributor based in Cleveland, Ohio. The combination provides an excellent strategic fit that will enable both companies to expand their business opportunities.
The transaction was led by Jackson Walker attorneys Brandon Janes, Sam Allen, and Carlos Treviño, with assistance from other attorneys in the firm. This transaction demonstrates Jackson Walker’s depth of experience in representing clients in all types of mergers and acquisitions, from large to small and from simple to extremely complex. As one of the only AmLaw 200 firms with an office in the Permian Basin area, Jackson Walker provides exceptional insight to its clients engaged in oil and gas exploration, production, midstream transportation, and storage. To read more about our shale play practice, CLICK HERE.