Andrews Kurth Aids Maxim On Oil Field Services Co. Buy

Law360, New York (December 1, 2011, 5:00 PM EST) -- Maxim Partners LLC has acquired Texas oil field services company Pipe Maintenance Inc. and completed a change of control recapitalization, the Chicago private equity firm announced Thursday.

The transaction closed on Oct. 21. Financial details of the deal and recapitalization were not disclosed.

Maxim partner and co-founder Ryan Franco said in a statement Thursday that Maxim believes PMI's growth record and industry relationships make it an ideal candidate for a long-term, buy-and-build investment.

"[Maxim] will support PMI's entrepreneurial vision with patient capital, strategic guidance, business development...
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