Simpson Thacher is representing Dover (NYSE: DOV) in connection with its announced plan to spin off its “Wellsite” business, which is Dover’s upstream energy business, into a standalone, publicly-traded company. Upon completion of the spin off, Wellsite will be a leading provider of a full range of oil and gas production technologies and solutions, wellsite productivity software and IIoT solutions. The transaction is expected to be completed no later than the second quarter of 2018.
Dover Corporation is a diversified global manufacturer delivering innovative equipment and components, specialty systems and support services through its four major operating segments: Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment.
The Simpson Thacher team includes Josh Bonnie, Will Golden, Katharine Thompson and Patrick McCamy (Capital Markets); Eric Swedenburg, Jakob Rendtorff, Megan Tweed and Scott Rudin (M&A); Gary Mandel and Drew Purcell (Tax); Brian Robbins, Jeannine McSweeney, Michael Arseneault, Joo Hyun Lee, Jason Fixelle and Madeline Sprung-Keyser (ECEB); Chris Brown (Credit); Marcela Robledo (IP); and Mike Isby and Louise Kruger (Environmental).