Axis Energy Services LLC and Brigade Energy Services LLC jointly announced the closing of an agreement to merge and form the nation’s largest and most innovative well servicing company with the best-trained workforce. The merger combines two high-growth organizations that have pioneered new ways to create value for an oil and natural gas industry seeking to become more efficient, agile, and sustainable amidst changing market and societal conditions. The new organization is named Axis Energy Services LLC and will remain headquartered in Dallas.
Latham & Watkins LLP represented Axis in the transaction with a corporate deal team led by Houston partners Bruce Herzog and James Garrett, with associate Jase Burner. Advice was also provided on tax matters by Houston partner Tim Fenn, with associate Christine Mainguy; and on labor and employment matters by Chicago partner Nineveh Alkhas.
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