© 2014 The Texas Lawbook.
By Natalie Posgate
Staff Writer for The Texas Lawbook
(June 2) – Vinson & Elkins is representing Houston-based Axip Energy Services, LP in its $430 million sale of its international businesses service to the Canadian Enerflex Ltd.
The firm’s M&A team is Houston-based, led by corporate partners Matt Strock, Keith Fullenweider and Ted Stockbridge. The trio also received assistance from associates Daniel Elizondo, Lauren Anderson, Katherine Rollins, Han Gao and Raul Garcia.
Other V&E attorneys involved in the deal include Dallas partner Brian Bloom and associate Russell Oshman; Houston partners John Lynch and Tom Wilson and associates Robert Jacobson, Jared Whalen, Martin Luff and Matthew Dobbins; and attorneys from the firm’s Washington, D.C. office.
Axip used to be known as Valerus Compression Services, LP, and became Axip in January when it was part of a $435 million sale of Valerus Field Solutions to Kenz Corporation Limited, a New York-based engineering and construction company. Strock and Stockbridge also were the lead lawyers for that deal.
V&E has a representative history of TPG, the global private equity firm that Valerus is a portfolio company of. V&E represented TPG in 2009 when it purchased a majority stake in Valerus Compression Services for $500 million.
Axip in-house counsel involved in the deal with Enerflex include Senior Vice President and General Counsel Kerry Galvin and International Legal Counsel Dubraska Jaramillo.
Canadian law firm Burnet, Duckworth & Palmer is advising Enerflex.
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