© 2013 The Texas Lawbook.
By Mark Curriden
Senior Writer for The Texas Lawbook
(April 8) – Texas-based Lufkin Industries announced Monday that it is has agreed to be acquired by General Electric for $3.3 billion.
Lufkin, which reported more than $1.3 billion in revenues last year, manufactures lift equipment for oil and gas platforms. The deal is expected to close before the end of the year.
Jay Tabor, a partner in the corporate section of Weil, Gotshal & Manges’ Dallas office, co-led the transaction for GE. While most of Weil’s legal team working on the deal is based in their New York and Washington, D.C. offices, four Weil lawyers, including corporate partner P.J. Himelfarb, tax associate Mark Dundon and corporate associates Monty Ward and Elliott DeRemer, are in the firm’s Dallas office.
GE has hired Tabor for four previous billion-dollar or more transactions. He most recently – in 2011 – played a key role as counsel to NBC Universal and GE in its $37 billion joint venture with Comcast.
Lufkin General Counsel Alex Cestero turned to his old law firm, Bracewell & Giuliani, to lead the deal for the sellers.
Bracewell corporate partners Gary Orloff and Michael Telle of Houston led the team that included partners Bruce Jocz, Robert Nichols, Tim Wilkins and Daniel Witschey – all of whom are based in Texas. Senior counsel Scott A. Sherman also played a significant role in the transaction.
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