Press Release

Haynes and Boone Transaction Selected Finalist for Deal of the Year

January 17, 2018

The Association for Corporate Growth (ACG) Houston has selected KMG Chemicals, Inc.’s acquisition of Flowchem as a finalist for its 2017 Oilfield Services Deal of the Year.

Haynes and Boone, LLP Partner Bill Nelson led a team of lawyers who represented KMG Chemicals in its acquisition of Flowchem, a leading manufacturer of pipeline performance products, from Arsenal Capital Partners for a purchase price of $495 million in cash, including working capital of approximately $15.5 million.

ACG Houston is focused on celebrating Houston's middle-market deal community. The finalists for ACG Houston's inaugural Deal of the Year event were selected by an independent panel of business leaders, including Carin Barth, co-founder and president of LB Capital Inc.; Eric Bruce, vice president and CFO of EagleRidge Energy; Mitchell Cox, partner at Turnbridge; Bud Giesinger, director at Newfield Exploration Company; A. Kelly Williams, managing director at Aztec USA; and Nadine C. Smith, founder and managing partner, SRQ Capital.

The awards ceremony will take place Feb. 13 at River Oaks Country Club in Houston.

"We are excited to recognize the top business leaders in Houston," said Steve Tredennick, event chair for the ceremony and a partner at Paul Hastings. "The finalists identified by our panel reflect the best of Houston's active and innovative deal community.”

Other members on the Haynes and Boone team representing KMG Chemicals included: Partners Mary Mendoza in Austin, Sam Lichtman in New York, Jesse Gelsomini and Joseph Vilardo in Houston and Jeff Wolfson in Washington, D.C.; Houston Counsel John Menke; and Associates Simin Sun, Ochuko Isikuru and Brent Shultz in Houston and Don Shiman in New York.