Baker Botts issued the following announcement on July 2.
Deal Description: July 1, 2019 – McDermott International, Inc. (NYSE: MDR) completed the sale of Alloy Piping Products (APP), the distribution and manufacturing arm of its U.S. pipe fabrication business to an undisclosed buyer. APP maintains, distributes and manufactures an extensive inventory of commodity fittings and specialty piping components.
McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions to transport and transform oil and gas into the products the world needs today. McDermott’s proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. Customers rely on McDermott to deliver certainty to the most complex projects, from concept to commissioning. It is called the "One McDermott Way." Operating in over 54 countries, McDermott's locally focused and globally-integrated resources include approximately 32,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.
Baker Botts L.L.P. represented McDermott in the transaction.
Outside Counsel to McDermott: Baker Botts L.L.P.
Inside Counsel to McDermott: Todd Kramers, Senior Director, Corporate Transactions
Baker Botts Lawyers/Office Involved:
Corporate: Ted Paris (Partner, Houston); James Mayor (Partner, Houston); Carina Antweil (Senior Associate, Houston); Steven Lackey (Associate, Houston)
Tax: Derek Green (Partner, Houston); Jon Lobb (Partner, Houston)
Finance: Luke Weedon (Partner, Dallas)
Real Estate: Chris Wilson (Partner, Houston); Emily Quiros (Associate, Houston)
Environmental: Scott Janoe (Partner, Houston)
Employee Benefits: Rob Fowler (Partner, Houston); Gabriela Alvarez (Associate, Houston)
Original source can be found here.
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