Lufkin Acquires Schlumberger's Rod Lift Business

Paul, Weiss advised Lufkin Industries, a portfolio company of KPS Capital Partners, LP, in its acquisition of the North American Land Rod Lift Business of Schlumberger N.V. Schlumberger's Rod Lift Business is a large provider of rod lift products and services across all major oil-producing onshore regions in North America. Terms of the transaction were not disclosed.

The Paul, Weiss team included, among others, corporate partners Angelo Bonvino and Robert Zochowski and counsel Bruce Gruder; litigation partners Aidan Synnott and Allan Arffa and counsel Peter Jaffe and Rachel Fiorill; employee benefits counsel Lisa Krausz Eisenberg and Uri Horowitz; intellectual property partner Charles Googe; tax partners David Mayo and Robert Holo; real estate partner Peter Fisch; antitrust counsel Marta Kelly; environmental counsel William O'Brien; and international trade counsel Richard Elliott.