Global Energy Capital and White Deer Energy Announce a New Production Optimization and Artificial Lift Solutions Provider, Flowco Inc., Formed via the Merger of Flowco Production Solutions, Estis Compression and Flogistix
Vinson & Elkins represented Flogistix Holdings, LLC (“Flogistix”), a White Deer Energy portfolio company, in the negotiation and execution of a combination agreement pursuant to which Flogistix and GEC Estis Holdings LLC (“Estis”) and Flowco Production Solutions, L.L.C. (“Flowco Production”), each a portfolio company of Global Energy Capital, agreed to integrate their production optimization and related oilfield services business lines under Flowco MergeCo LLC, a newly formed Delaware limited liability company (“Flowco”).
Flogistix, Estis and Flowco Production each contributed 100% of the equity interests in their operating subsidiaries to Flowco in exchange for membership interests in Flowco.
The Vinson & Elkins team was led by partner Mike Marek with assistance from associates Chandler Jones, Patrick Reintjes, and Alex Riddle. Other key team members include partners Robert Seber and Jackson O’Maley; partner David Peck, counsel Allyson Seger and associate Katie Dillard; partner Caitlin Turner and associates Taylor Daily and Sydni Daniels; partner Becky Baker and associates Peter Goetschel and Jordan Peck; partner Joo Lee and associate Cassandra Zarate; partner Matthew Dobbins, senior associate Grant Tolley and associate Alyssa Sieja; counsel Scot Dixon and senior associate Tyler Hokanson; partner Hill Wellford and counsel Ryan Will; and counsel Rajesh Patel and associate Haley Titcomb.
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