CARBO Ceramics Announces Agreement with Wilks Brothers to Acquire Business and Strengthen Financial Position
Vinson & Elkins advised CARBO Ceramics Inc. in an agreement with Wilks Brothers, LLC and Equify Financial, LLC (together, the “Wilks Brothers”) under which the Wilks Brothers will acquire CARBO Ceramics through a debt-for-equity exchange pursuant to a plan of reorganization in a Chapter 11 bankruptcy case.
CARBO is a global technology company that provides products and services to several markets, including oil and gas, industrial, agricultural and environmental markets to enhance value for its clients.
The V&E cross-practice team is led by partners Paul Heath, David Meyer and Mike Telle with assistance from partners Matt Moran, Guy Gribov, Wendy Salinas, David Peck, David D’Alessandro, Sean Becker and Tom Wilson. Also advising were senior associate Garrick Smith and associates Matt Struble and Mike Garza; senior associate Jeremy Reichman and associate Holly Meyers; associates Todd Hartis and John Daywalt; counsel Christie Alcalá; counsel Regina Ibarra; and senior associate Zach Rider.
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