BLR Partners’ Agreement with Flotek Industries for Board Representation

Olshan Frome Wolosky advised BLR Partners on the negotiation

BLR Partners reached an Agreement with Flotek Industries pursuant to which Paul Hobby was appointed to Flotek’s board of directors.

As part of the agreement, Flotek also agreed to separate the roles of Chairman and CEO effective as of the company’s 2019 Annual Meeting.

Flotek Industries, Inc. manufactures and markets downhole equipment and specialty chemicals. The company, led by John William Chisholm, in 2018 recorded $177.7 Million revenues.

Olshan advised BLR Partners with a team including Steve Wolosky (Picture), Ryan Nebel and Dorothy Sluszka.

Involved fees earner: Ryan Nebel – Olshan Frome Wolosky LLP; Dorothy Sluszka – Olshan Frome Wolosky LLP; Steve Wolosky – Olshan Frome Wolosky LLP;

Law Firms: Olshan Frome Wolosky LLP;

Clients: BLR Partners LP;

Author: Ambrogio Visconti