Shearman And Sterling

News December 19, 2019

Apergy’s Combination with Ecolab’s Upstream Energy Business

Shearman & Sterling advised BofA Securities, the exclusive financial advisor to Ecolab, in connection with the combination of Ecolab’s upstream energy business with Apergy, a provider of highly engineered equipment and technologies for the oil and gas industry. The combined company will have an enterprise value of approximately $7.4 billion.

This tax-free transaction creates a scaled, global leader in production-optimization solutions, providing greater scale, a larger geographic footprint, enhanced customer touch points, and low leverage supported by strong cash flow generation through the oil and gas cycle.

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