Jackson Walker Represents Prophet Equity in its Acquisition of Substantially All Assets of Francis Drilling Fluids, Ltd.


Jackson Walker successfully represented Prophet Equity, a Southlake, Texas-based private equity firm, in its acquisition of substantially all of the assets of Francis Drilling Fluids, Ltd., a Lafayette, Louisiana-based provider of energy services supporting both onshore and offshore drilling activities throughout the United States. The acquisition was accomplished pursuant to a Chapter 11 Section 363 process in the U.S. Southern District of Texas, Houston Division. The transaction closed on December 31, 2018.

Prophet Equity uses proven, data-driven analytical techniques coupled with over 100 years of investment and management experience to invest in, unlock and realize future value today. Partnering with owners and management teams, Prophet Equity’s team utilizes a toolkit that is Fortune 500 tested and private equity proven to diagnose and drive dramatic value creation.

Representing Prophet Equity was a Jackson Walker team including Kevin A. Jones, Michael S. Held, Patricia B. Tomasco, David S. Stolle, Elizabeth Carol Freeman, Joseph T. Guajardo, Kristhy M. Peguero, and Vienna Flores Anaya. This successful representation demonstrates Jackson Walker’s experience in Corporate & Securities, Mergers, Acquisitions, & Dispositions, and Bankruptcy, Restructuring, & Recovery matters.

Meet JW

Jackson Walker is a Texas-based law firm with more than 130 years of experience in providing legal counsel to clients throughout Texas, the United States, and internationally. With more than 350 attorneys, Jackson Walker is one of the largest firms in the state and provides comprehensive legal services to a wide range of public companies and private businesses.