Independence Oilfield Chemicals LLC

Locke Lord represented Independence Oilfield Chemicals, LLC in a transaction wherein Innospec Inc. (IOSP) acquired the company’s outstanding equity. The deal, which closed Oct. 27, is tentatively valued at $228 million, with approximately $100 million paid at close and the balance to be paid in two annual installments based on earnings before interest, tax, depreciation and amortization (EBITDA) targets. Locke Lord lawyers handling the matter included Andrew Betaque, David Lange and Matt Olson.
Posted November 13, 2014