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Baker Hughes and CSL Create BJ Services Spin Off

CSL Capital Management, West Street Energy Partners Baker Hughes Company
AnnouncedNov 30, 2016
TypeCorporate
Announced Date
November 30,2016
Transaction Type
Corporate




Snapshot
Location
Region
United States

Country
United States


Transaction Details:  Require Private Equity Subscription

Baker Hughes Incorporated, CSL Capital Management and West Street Energy Partners, announced today an agreement to create a pure-play North American land pressure pumping company.

Baker Hughes will contribute its North American land cementing and hydraulic fracturing businesses, which comprises assets in the U.S. and Canada. This includes personnel, expertise, technology and infrastructure.

Upon closing, CSL Capital Management will contribute its Allied Energy Services platform, which provides hydraulic fracturing and cementing services on land in North America.

Further, CSL Capital…

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