Riverstone Holdings LLC Completes Financing Supporting the Acquisition of Basin Tools Inc.
11.24.14
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The Firm represented Riverstone Holdings LLC and its affiliate, Abaco Energy Technologies LLC, in connection with the financing relating to the acquisition of Basin Tools Inc. The financing closed on November 21st.
Based in Houston, TX, Basin Tools Inc. is a leading independent manufacturer and servicer of rotors and stators that are used in mud motor power sections. Basin engineers and manufactures rotors and stators, while also providing stator relines and rotor coating services. The Company serves the North America market through manufacturing facilities in Houston, TX and Edmonton, Alberta.
The Simpson Thacher team included Christopher Brown, Brandan Still and Tyler Cox (Banking & Credit).