Innovex Downhole Solutions’ Acquisition Of Rubicon Oilfield International


Vinson & Elkins LLP advised Rubicon Oilfield International on the deal.

Innovex Downhole Solutions, Inc. (“Innovex”) announced that it has entered into a definitive agreement to acquire Rubicon Oilfield International (“Rubicon”). The transaction is expected to close in early 2021 and will create the industry’s leading independent well-centric products and technology company. Terms of the transaction were not disclosed.

Innovex and Rubicon are both leading providers of innovative products, technologies and technical services for the oil and gas industry. Together, the combined business establishes an expansive and robust global platform, with a technology portfolio spanning drilling, well construction, completion, production and intervention. This transaction combines Innovex’s dynamic US operation with Rubicon’s broad international strength to create a global platform capable of sustained growth in a low commodity price environment.

Innovex Downhole Solutions, Inc. designs, manufactures, and installs a range of mission-critical well construction, well completion and well production solutions for onshore and offshore operators in major producing regions worldwide

Rubicon Oilfield International is an oilfield products and technical services company with operational headquarters in Houston, Texas. Rubicon is led by a seasoned team of oilfield service and equipment industry executives in partnership with Warburg Pincus.

The V&E corporate team was led by partner Matt Strock (Picture) and senior associate Claire Campbell with assistance from associates Burk Wendt, Jimmy Chalk and Katie Davis. Advising on tax matters was partner David Peck.

Involved fees earner: Katherine Davis – Sidley Austin LLP; Jimmy Chalk – Vinson & Elkins LLP; Claire Smyser Campbell – Vinson & Elkins LLP; Matthew Strock – Vinson & Elkins LLP; Burke Wendt – Vinson & Elkins LLP;

Law Firms: Sidley Austin LLP; Vinson & Elkins LLP;

Clients: Rubicon Oilfield International;

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Author: Ambrogio Visconti