One-Page Deal Sheet
Baker Hughes and CSL Create BJ Services Spin Off
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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